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How Will AUB’s AUD 432 Million Prestige Deal Transform Its UK Insurance Footprint?
10:04am on Tuesday 27th of January, 2026 AEDT
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Financial Services
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How Will AUB’s AUD 432 Million Prestige Deal Transform Its UK Insurance Footprint?
10:04am on Tuesday 27th of January, 2026 AEDT
Key Points
Acquisition of 95.9% of UK broker Prestige for AUD 432 million
UK retail gross written premium increases to approximately GBP 720 million
Expected annual cost synergies exceeding AUD 10 million by FY27
Fully underwritten AUD 400 million institutional placement at 7.9% discount
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