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Insurance Australia Group form JV with State Bank of India

  • by The Quotesonline Team

Insurance Australia Group IAG (owners of Australian Insurance brands CGU, NRMA, SGIO, SGIC and Swann Insurance ) has announced a joint venture with State Bank of India, the jv is expected to begin trading in 2009.

CEO Micheal Wilkins said forming the JV was a significant step in achieving IAGs strategy to pursue selective international general insurance opportunities.

The jv will give IAG access to SBI’s 100 million customers, 11,000 branches.

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