Zurich in $300mn Australian legacy motor disposal

Zurich is bringing an Australian motor liability legacy book to
market as the global carrier continues to clean up its back books,
The Insurance Insider understands.
Legacy sources told this publication that Zurich has appointed
an adviser to oversee the sale of the book, which holds roughly
$300mn in net discounted reserves.
It is understood Zurich is in the very early stages of the
disposal process, and first-round indicative proposals have not yet
been submitted by potential acquirers.
Likely