Insurance Australia Group Ltd. Chief Executive Officer Mike Wilkins will step down next month after seven years at the helm and be replaced by Peter Harmer, the company said in a regulatory filing Wednesday. Harmer, 54, currently the CEO of …
Warren Buffett’s Berkshire Hathaway Inc. will pay A$500 million ($388 million) for a stake in Insurance Australia Group Ltd. as part of a plan to expand in the region. The agreement will give Berkshire 20 percent of IAG’s insurance premium …
Insurance Australia Group Ltd. shares slumped the most in six years after the company’s first-half profit declined and missed expectations. The insurer fell 7.5 percent to A$5.91 as of 1:00 p.m. in Sydney, the biggest drop since February 2009. The …
