Headquarters: Sydney, NSW, Australia
CEO: Mr. Nicholas B. Hawkins B.Com., BCom, CA, F.C.A., FCA
AUD as of April 1, 2022
Insurance Australia Group, also known as IAG, is a multinational insurance company. It is the parent organization holding many well-known insurance brands in Australia, New Zealand, Thailand, Malaysia, India, Vietnam, and Indonesia.
Insurance Australia Group Limited operates as a general insurance company in Australia and New Zealand. It offers personal and commercial insurance products, including bicycle, comprehensive motor, commercial and motor fleet, commercial property and liability, construction and engineering, consumer credit, compulsory third party, directors and officers, extended warranty, farm, crop, livestock, home and contents, income protection, marine, veteran, vintage and classic car, boat, caravan, travel, life, professional indemnity, public and product liability, security, workers' compensation, motor vehicle, business, and rural and horticultural, as well as reinsurance. The company sells its products through branches and agencies, call centers, online facilities, and intermediary channels; and third parties under the NRMA Insurance, SGIO, SGIC, CGU Insurance, WFI, Swann Insurance, NZI, State, AMI, Lumley, AmGeneral, and Kurnia brands. The company was formerly known as NRMA Insurance Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1920 and is headquartered in Sydney, Australia.
Insurance Australia Group Limited (IAG) is a multinational insurance company headquartered in Sydney, Australia. IAG was formed by the demutualisation of the NRMA Insurance business in July 2000 and a return of shares to the members of NRMA. According to its website, NRMA Insurance Group Limited changed its name to Insurance Australia Group Limited on 15 January 2002. IAG is the name of the listed entity; it is not a customer-facing brand, however it represents the umbrella organization that holds many well known insurance brands. IAG is listed on the Australian Securities Exchange and is a constituent of the S&P/ASX 50 index.
Source: Wikipedia, retrieved on March 31, 2022, 8:59 p.m.
General, commercial, vehicle, home and contents insurance,
Elizabeth Bryan (Chair)
Revenue: A$11.8 billion (2017)
Net income: A$929 million (2017)