IAG
Insurance Australia Group Limited (IAG) is the largest general insurance company in Australia and New Zealand. The group’s businesses underwrite over $13b of premium per annum, selling insurance under many leading brands.
Most New Zealanders back risk-based pricing for climate-related insurance
Most New Zealanders back risk-based pricing for climate-related insurance
60% agree insurers should raise premiums for properties facing higher risks.
IAG secures RAC Insurance and 20-year distribution rights
The transaction is expected to complete in the first half of calendar year 2026.
IAG secures reinsurance for 2025 natural disasters
The programme offers coverage for two catastrophic events up to $6.2b.
IAG acquires 90% of RACQ Insurance in $855m deal
The deal is expected to add $1.3b to IAG’s gross written premiums.
IAG slashes jobs after reporting high profits
IAG said the job cuts are part of a restructuring plan that began in March.
Federal Court rules on IAG business interruption class action
The court expressed its intent to declass the representative proceeding.
IAG’s net profit rises 7.9% in FY 2024
It ended with a final dividend of 17.0 Australian cents per share for the year.
IAG caps natural perils costs at $1.3b
It also said it is on track to report FY24 profit and margin at the upper end of the guidance ranges.
IAG battles against cyber threats with new underwriting agency
43% of cyber-attacks target small businesses in the country.
IAG apologizes for payroll mishap, ensures fix
The issue was due to its manual submission of entitlement claims.
IAG New Zealand’s first-half GWP leaps nearly a quarter from last year
The NZ business has processed more than 52,000 claims from the increasing risks and extreme weather events in 2023.
IAG's GWP surges 12.5% 1H’24
Profits from its insurance business accumulated $403.3m (AU$614m).
IAG affirms catastrophe reinsurance programme
About 17,000 claims were filed in December alone.
IAG to stay ahead, driven by P&C lines in Australia and New Zealand – S&P Global Ratings
Affordability constraints may moderate premium growth, particularly in personal lines, amid a slowing economy.
IAG enters cyclone reinsurance pool
It aims to reduce insurance premiums for eligible policyholders in cyclone-prone areas.
IAG reports year end results, insurance profit surges 37%
Operating costs stayed within its target for the third consecutive year.
IAG subsidiary CGU Insurance inks partnership with ANZ
CGU will offer general insurance products to ANZ's retail banking customers.
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