Insurance Australia completes tender offer for Thai insurer.Insurance Australia Group Insurance Australia Group Limited (IAG) is an Australian publicly-listed company with its shares traded on the Australian Stock Exchange as ASX: IAG. The company was formed by the demutualisation of the NRMA Insurance business in July 2000 and a return of shares to the Ltd. said it completed a tender offer for a Thailand-based general insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. that gives the Australian group a significant market position in Thai motor insurance. Through NHCT Ltd., IAG's Thai investment holding company, IAG IAG Insurance Australia Group IAG Information, Advice and Guidance IAG International Association of Geodesy IAG Interagency Agreement IAG International Association of Geomorphologists IAG International Association of Gerontology IAG International Audio Group acquired about 98% of the shares of Safety Insurance Public Co. Ltd. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IAG, Safety Insurance is the seventh-largest general insurer and sixth-largest motor insurer in the Thai market. Through NHCT, IAG has held an interest in Safety Insurance since October 1998. As in the past, IAG said it would continue to work with Safety's existing management to improve the business. |
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