Insurance Australia Considers Selling UK Operations - Wall Street Journal

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--IAG launches strategic review of its U.K. operations, mulls sale

--U.K. reported A$5M insurance loss in 2H12 vs A$121M loss a year earlier

--Analyst says move an admission that IAG's U.K. strategy failed

(Adds analyst comment in the fifth and sixth paragraphs; investor comment in the eighth and ninth paragraphs)

By Caroline Henshaw

Of DOW JONES NEWSWIRES

SYDNEY (Dow Jones)--Insurance Australia Group Ltd. (IAG.AU) said Thursday it is considering selling its U.K. operations, which include the nation's fifth largest motor insurer Equity Red Star and commercial insurance broker Barnett & Barnett.

The U.K. businesses reported an insurance loss of A$5 ...

--IAG launches strategic review of its U.K. operations, mulls sale

--U.K. reported A$5M insurance loss in 2H12 vs A$121M loss a year earlier

--Analyst says move an admission that IAG's U.K. strategy failed

(Adds analyst comment in the fifth and sixth paragraphs; investor comment in the eighth and ninth paragraphs)

By Caroline Henshaw

Of DOW JONES NEWSWIRES

SYDNEY (Dow Jones)--Insurance Australia Group Ltd. (IAG.AU) said Thursday it is considering selling its U.K. operations, which include the nation's fifth largest motor insurer Equity Red Star and commercial insurance broker Barnett & Barnett.

The U.K. businesses reported an insurance loss of A$5 ...