Insurance Australia Group reports jump in NZ profit, has optimistic outlook

Thu, 23 Aug 2012

By Pam Graham Aug. 23 (BusinessDesk) – Insurance Australia Group’s New Zealand subsidiary, the nation’s largest general insurer, reported a A$103 million annual profit, reflecting a 27 percent increase in gross written premiums, and reiterated a willingness to enter the workplace insurance market if it is deregulated. The subsidiary of Australia's largest insurance company, which has the State Insurance, AMI, and NZI brands, has been the target of protests from disgruntled policy holders in Christchurch but its results released in Australia s...

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