AUB Group Ltd
AUB: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$72.00 | Nspfj | Dybzvvfds |
AUB Group: Corporate Action – Participate in Raise That Bolsters Acquisition Firepower
Last month, narrow-moat insurance broker AUB Group raised AUD 200 million via an institutional placement to fund the acquisition of a 70% interest in Pacific Indemnity Underwriting Solutions, an insurance underwriting agency. As the name suggests, Pacific specializes in professional indemnity, directors and officers liability, and general liability insurance.