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25 April 2018

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AIG mulls Australian M&A: report

Bernard Goyder 11 January 2018

AIG is said to be looking closely at insurance assets of Commonwealth Bank of Australia (CBA), following CEO Brian Duperreault's pledge in May to pursue growth.

According to a report in The Australian Financial Review, AIG is interested in acquiring CBA's general insurance business.

It comes a day after Bloomberg suggested AIG had held abortive talks to buy Voya Financial in the US for a potential $10bn.

CBA's personal lines insurance unit is reported to have annual premiums of A$783mn...

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