IAG’s long-awaited investment in China may be imminent, reports suggest.

The group’s recent deal with Berkshire Hathaway gave its capital a boost, and it has made no secret of its bold Asia ambitions.

A number of reports claim a major acquisition is on the cards, although an IAG spokesman told insuranceNEWS.com.au the company has “nothing new to say”.

Morningstar insurance analyst David Ellis says a move in China would come as no surprise.

“Part of that Berkshire Hathaway deal was providing IAG with the capital to further its expansion plans in Asia, and China is the No.1 market,” he told insuranceNEWS.com.au.

“That’s IAG’s stated growth plan, so it would be consistent with its strategy.”

Mr Ellis says he hopes any acquisition will be “sensible” and IAG does not overpay.

“There would be a bit of uncertainty about an aggressive acquisition in China,” he said. “Australian and international companies have struggled at times in these markets.

“It could be very attractive for IAG, as long as it is not too aggressive.”