"St Andrew's Chief Executive Officer Matthew Way said the transaction will provide St Andrew's with a clear direction and strategy focused on aggressive growth.
"I am extremely excited about this transaction as we have been given a clear directive from Freedom Insurance Group to focus on growing the business, and over the coming months we will be working feverously on a number of initiatives designed to achieve just that" he said."
It seems FIG is very much aiming to go after growth after completion of the transaction.
FIG Price at posting:
39.5¢ Sentiment: Buy Disclosure: Not Held