Iag to scale back UK operations
Insurance Australia Group Ltd, Australia's biggest home and car insurer, said it would scale back its UK operations and take a non-cash impairment charge of $350 million in fiscal year ended in June 30.
AIG has revised its economic growth projections upwards from 3 per cent to 4.3 per cent, to reflect the improved political climate and recovery in key sectors such as agriculture, manufacturing, infrastructure development and tourism.