Business
‘Costly and unacceptable’: IAG’s chairwoman lashes failures – The Australian Financial Review
The insurer’s earnings hit guidance of a $427 million loss, and it sticks to reassurances about exposure to Greensill Capital….
The mea culpa came as IAG, whose brands include NRMA and CGU, confirmed guidance that it swung to a statutory loss of $427 million for the year ended June 30 from the year-earlier $435 million profit. IAGs shares traded 1.5 per cent lower at $5.20 at 12.15pm…
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