October 15, 2015
Insurance Australia Group Ltd. scrapped plans for further investment in China and will instead seek growth in other Asian markets, in a sign that Australia’s hopes of boosting services exports to the world’s second-largest economy may be difficult to achieve. …
October 7, 2015
Insurance Australia Group Ltd. Chief Executive Officer Mike Wilkins will step down next month after seven years at the helm and be replaced by Peter Harmer, the company said in a regulatory filing Wednesday. Harmer, 54, currently the CEO of …
February 18, 2015
Insurance Australia Group Ltd. shares slumped the most in six years after the company’s first-half profit declined and missed expectations. The insurer fell 7.5 percent to A$5.91 as of 1:00 p.m. in Sydney, the biggest drop since February 2009. The …
December 6, 2013
Insurance Australia Group Ltd., the nation’s biggest car and home insurer, is studying a bid for Wesfarmers Ltd.’s insurance unit, according to three people with knowledge of the matter. IAG is in talks with Perth-based Wesfarmers about an acquisition of …
January 4, 2012
Insurance Australia Group Limited announced that it has finalized its catastrophe reinsurance program for the period commencing January 1, 2012 with up to A$4.7 billion [US$4.86 billion] in coverage, compared to A$4.1 billion [US$4.24 billion] in 2011. “Our reinsurance program …
August 16, 2011
Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurer IAG said it would pay RMB687.5 million (approximately A$100 million [US$104.3 million]) for the …