Insurance Australia to sell Thai, Indonesia units to Tokio Marine for $389.7m

Insurance Australia to sell Thai, Indonesia units to Tokio Marine for $389.7m

Tokio Marine Holdings Inc President and CEO Tsuyoshi Nagano poses for a photo at the company headquarters in Tokyo June 4, 2015. REUTERS/Toru Hanai

Insurance Australia Group (IAG) said on Tuesday it will sell its Thai and Indonesian operations to Japanese insurer Tokio Marine Holdings for A$525 million ($390 million).

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