It has been confirmed that rumours generated by a media report in the Australian Financial Review suggesting Real Insurance might be sold are invalid.
Hollard Insurance Group, which operates the Real Insurance brand in Australia, said they received an unsolicited offer for that business earlier in 2010, however that offer was rejected.
Hollard’s Managing Director Richard Enthoven said, “I can confirm that there is no sales process underway, contrary to the report in the Australian Financial Review.”
“We are looking forward to continuing to build a world class Australian insurance business, as we have been doing for the last 11 years. Our Australian business is performing very well and we are committed to it 100 per cent, “ added Enthoven.
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