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1999
Insurance Valuation News
Insurer Aims To Be Loan Ranger
Wednesday November 24, 1999
NRMA Insurance would seek to double its $2 billion revenue base over the next four years by selling more credit card, loan and investment products to its4 million-strong customer base. In a speech yesterday setting the way ahead for NRMA Insurance, NRMA chief executive Mr Eric Dodd set a goal of $2.47 Magic Figure For Nrma Voters
Monday November 15, 1999
The expert accountants evaluating NRMA's partial demutualisation value the insurance group at between $3.2 billion and $4 billion putting a minimum net asset backing of $2.47 a share. The valuation, by accountant PricewaterhouseCoopers, is in the fifth draft of the documents that are to go to mInsurer Rise Fuels Rumours
Monday November 15, 1999
Speculation of a counter bidder, possibly a consortium led by its chairman, Mr Kingsley Lamont, is emerging in the takeover battle for OAMPS insurance group. The action has driven the company's share price well over the Zuellig Insurance group's 85c per share offer. Zuellig, a Swiss investment grExperts Value Nrma At $4billion
Monday November 15, 1999
ACCOUNTANTS evaluating NRMA's partial demutualisation have valued it at $3.2billion to $4billion, giving it minimum net asset backing of $2.47 a share. The valuation, by Pricewater-houseCoopers, is in the fifth draft of documents for members to vote on the proposal to demutualise the insurance a