Australia’s Regulator Sues Unit of IAG for Failing to Honor Promised Discounts October 15, 2021 Australia’s corporate regulator commenced civil proceedings against a unit of Insurance Australia Group on Friday, for failing to pass on...
Insurance Australia Group, AMMB Seek to Sell Their Malaysian Auto Insurer: Sources April 15, 2020 By Elffie Chew The owners of AmGeneral Insurance Bhd., Malaysia’s second-biggest auto insurer, have restarted a sale process and are seeking as much...
Australia Insurer IAG Announces CEO Harmer to Retire; Hawkins Named Deputy CEO April 8, 2020 Australian insurer IAG announced that Peter Harmer, managing director and chief executive officer, plans to retire by the end of...
PERILS Offers Windstorm Forecasting Platform in Australia, Updates Europe Service October 29, 2018 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has launched a windstorm forecasting platform in Australia and...
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources April 20, 2018 By Sumeet Chatterjee and Anshuman Daga Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about...
Australia’s IAG Forms Capital-Releasing Deals with Munich Re, Swiss Re, Hannover Re December 8, 2017 By Paulina Duran Insurance Australia Group Ltd. said on Friday it will share 12.5 percent of its premiums and costs with Munich Re,...
New Zealand EQ Insured Losses Could Top $3B: AIR Worldwide November 18, 2016 Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand’s...
Insurance Australia Scraps Plans for Further China Investment October 15, 2015 By Narayanan Somasundaram Insurance Australia Group Ltd. scrapped plans for further investment in China and will instead seek growth in other Asian markets,...
Berkshire Hathaway to Buy Stake in IAG to Boost Australia Insurance Sales June 16, 2015 By David Fickling and Noah Buhayar Warren Buffett’s Berkshire Hathaway Inc. will pay A$500 million ($388 million) for a stake in Insurance Australia Group Ltd. as...
Insurance Australia Group to Review UK Business May 21, 2012 Insurance Australia Group’s Managing Director and CEO Mike Wilkins has indicated that it is an “appropriate time to assess the...