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Insurer IAG seeks Government input
Weather specialists in Australia have predicted sever storms and cyclones this coming summer, giving insurance companies like Insurance Australia Group (IAG) a lot to worry about. CEO of insurance...
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IAG acquires NZ insurer
Leading insurance company Insurance Australia Group (IAG) has entered into agreement with New Zealand insurer AMI which is expected to be completed by February 2012. The acquisition of AMI will boost...
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Insurance Australia Group Claim Cost Rise
Insurance Australia Group (IAG) announced first half profits fell by 10.6 per cent to $144 million, with claims from natural disasters reaching $396 million. Chief executive Mike Wilkins said in a...
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General Insurer CGU to cut 600 Jobs
Insurance Australia Group (IAG) has announced a revised operating model for its Australian General Insurer CGU, that will see 600 jobs cut over the next three years resulting in $65 million in savings....
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Floods commission names and shames CGU
On the topic of performance of private insurers The Queensland Flood Commission has named CGU as an insurer who was less meticulous in its responses to the Commission’s Requirements The Commisions...
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Insurance Australia Group reported 17.2 percent fall in annual net profit
Insurance Australia Group reported 17.2 percent fall in annual net profit after writing off goodwill in its UK business Insurance Australia Group brands in Australia include CGU and NRMA Insurance...
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IAG expect premiums to rise up to 10 per cent
Insurance Australia Group (IAG) chief Mike Wilkins has told media that with an increase in reinsurance cost house and car insurance premiums are set to rise. ”We see the pricing outlook for the next...
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Retirement from IAG Board
Phillip Colebatch has retired from the Insurance Australia Group (IAG) Board. Chairman, Mr Brian Schwartz said “Phillip has been an important part of the IAG Board since his appointment in 2007. His...
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Alison Deans joins IAG Board as a non-executive director
Insurance Australia Group Limited has Alison Deans joins IAG Board as a non-executive director, Deans has previously been Managing Director eBay Australia, CEO Hoyts Cinemas and held non-executive...
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Australian Insurance Industries $2.8 billion Profit Last Year
The top ten insurers in Australia account for nearly 80 per cent of the sector’s $2.8 billion in profit last year, official figures show. At the same time, some 23 insurers operating in Australia,...
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Business Cutting Back on Insurance
Insurance Australia Group chief executive Mike Wilkins has told businessday.com.au that Australian companies are seeking lower premiums or are cutting cover, in what IAG see as sign of softning...
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