BNET Industries

Insurance Australia Group Ltd.

(IAG) is in the Financial Services Industry

Market Cap:$6.1B

Last Fiscal Year Sales:$4.6B

Public
US

Dow Jones Description

If you're from the land down under, IAG has probably got you covered. Sydney, Australia-based Insurance Australia Group Limited (Australian: IAG) provides insurance in Australia and New Zealand. The company offers personal and commercial insurance products including home, auto, health, commercial, consumer credit, extended warranty, compulsory third party (CTP) and workers' compensation insurance. Brands include IAG, CGU, NRMA Insurance, SGIC, SGIO, RACV, and Swann Insurance, and NZI in New Zealand. Other financial product offerings include annuities and allocated pensions. The company was founded in 1925 as NRMA Insurance Group, has revenue of approximately $5.4 billion and employs about 11,700 people. In March 2006 IAG acquired 98% of Thailand's Safety Insurance Public Company Limited.

CEO, Operations, Asia

Justin Breheny

Number of Employees 13,000

Contact Information

388 George Street Level 26

Sydney

(61) 2 9292 9222

Peer Companies

NAICS Code Other Direct Insurance (except Life, Health, and Medical) Carriers: 524128

Recent Events

IAG completes investment in Indian JV

12/05/09 - New Investment - View Story
Australia's IAG Completes Investment in India Nonlife Venture

12/04/09 - New Venture Funded Investment - View Story
Report: QBE Insurance may be preparing takeover bid for IAG

11/19/09 - Merger / Acquisition - View Story
IRDA's rules may make life tough

9/17/09 - Joint Venture / Alliance - View Story

News & Analysis

amp and insurance australia group ltd. - All News and Analysis

AMP hits out at low-ball share offer.

- 2006-06-04

Byline: Michael Evans Jun 04, 2006 (The Age - ABIX via COMTEX) -- Infamous Australian stock scavenger David Tweed has once more begun to target stockholders in AMP. Under the guise of a firm called Direct Share Purchasing Corporation, he is pitching an...

Tags: AMP, Insurance Australia Group Ltd.
Tweed at it again, bids $5 for AMP.

- 2006-06-04

Byline: Michael Evans Jun 04, 2006 (The Sydney Morning Herald - ABIX via COMTEX) -- Infamous Australian stock scavenger David Tweed has once more begun to target stockholders in AMP. Under the guise of a firm called Direct Share Purchasing Corporation, he is...

Tags: AMP, Insurance Australia Group Ltd.
$42m dividends left unclaimed.

- 2006-04-23

Byline: John Rolfe Apr 23, 2006 (Herald Sun - ABIX via COMTEX) -- Insurance Australia Group IAG and AMP have been unable to contact 125,000 people owed an estimated $A42 million in dividends. Approximately 70,000 shareholders in IAG are owed a total of...

Tags: AMP, Insurance Australia Group Ltd.
Insurance a low-risk option.(Brief Article)

- 2005-03-04

Mar 04, 2005 (Personal Investor - ABIX via COMTEX) Investors who avoid insurance stocks should re-evaluate this sector. Several year ago, the industry experienced a wave of well-publicised business failures. Such names as HIH, ReAC, AMP and GIO are associated in investors' minds with...

Tags: AMP, Insurance Australia Group Ltd.
A pox on most financial houses as markets sink.

- 2003-02-23

Feb 23, 2003 (The Australian Financial Review - ABIX via COMTEX) Australians will know the extent of the mauling in 2002 of diversified financial services groups in the week starting 23 February 2003. AMP, Axa Asia Pacific, Insurance Australia Group, Perpetual Trustees and...

Tags: Amp, Insurance Australia Group Ltd., Suncorp-Metway Ltd.

Worth the risk?

- 2002-11-06

Nov 05, 2002 (The Sydney Morning Herald - ABIX via COMTEX) Owning shares in insurance companies is not the same as owning an insurance policy. While the latter can bring peace of mind, the former can be fraught with risk. Investors in insurance companies, such...

Tags: AMP, Insurance Australia Group Ltd., Suncorp-Metway Ltd.
Market awaits damage report.

- 2002-08-18

Aug 18, 2002 The Australian Financial Review ABIX via COMTEX -- Australian insurance and financial services groups will highlight weak investment markets in the week starting 18 August 2002. Commonwealth Bank of Australia CBA, Insurance Australia Group and AMP will deliver their 2001-2002 reports....

Tags: AMP, Commonwealth Bank of Australia, Insurance Australia Group Ltd.
Downgrade warning pummels AMP again.

- 2002-07-31

Jul 31, 2002 (The Courier-Mail ABIX via COMTEX) -- Shares in Australian financial services and fund management giant AMP fell $A0.29 to $A14.16 on 31 July 2002. The fall came after international ratings agency, Standard & Poor's, warned that it would be forced to...

Tags: AMP, Insurance Australia Group Ltd.
Weak results likely to dominate.

- 2002-02-26

Feb 25, 2002 The Australian Financial Review ABIX via COMTEX -- Weak investment returns are expected to feature in interim earnings from Australia's financial services sector. Several listed companies are scheduled to report their 2001-2002 first-half profits in the week starting 25 February 2002....

Tags: Amp, Australian Stock Exchange Ltd., Insurance Australia Group Ltd., Suncorp-Metway Ltd.

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Decision Makers

Name (plus bio)	Position
Justin Breheny	CEO, Operations, Asia
Michael Hawker	CEO & Executive Director
David Issa	CIO
George Vanardos	CFO
Jason McCracken	Chief Marketing Officer
Tony Coleman	Chief Risk Officer & Group Actuary
Bob Wagstaffe	Group Executive, Intermediary Business
CHRISTINE McLOUGHLIN
DAVID SMITH
Douglas Pearce	Group Executive, Personal Injury
Francis Giordano	Secretary
GEORGE VENARDOS
IAN BROWN
JACKI JOHNSON
Lou Power	Group Executive, Business Partners
Mario Pirone	Group Executive, Asset Management
Mark Lyster
Mr JF JOHN ASTBURY
Mr MJ MICHAEL HAWKER
Mr RA ROWAN ROSS
Ms YA YASMIN ALLEN
NICHOLAS HAWKINS
Rick Jackson	Group Executive, Personal Insurance
Sam Mostyn	Group Executive, Culture & Reputation
Neil Hamilton	Director

Board of Directors

Name (plus bio)	Position
Anne Keating	Board of Directors
Dominique Fisher	Board of Directors
Geoffrey Cousins	Board of Directors
James Strong	Board of Directors
John Astbury	Board of Directors
Rowan Ross	Board of Directors

Organization	Position	Status
Insurance Australia Group Limited	CEO, Operations, Asia	Current

Organization	Position	Status
SGIC General Insurance Limited	CEO	Current
Insurance Australia Group Limited	CEO & Executive Director	Current
Insurance Council, Inc.	President	Current
Saltbush Funds Management Ltd.	Non-Executive Director	Current
Insurance Australia Group Limited	Board of Directors	Current
Arts Foundation	Board of Directors	Current
The Business Council	Board of Directors	Current
Saltbush Funds Management Ltd.	Board of Directors	Current
Arts Foundation	Member	Current
The Business Council	Member	Current
Citigroup Inc.	Deputy Managing Director	Former
Westpac Banking Corporation	Group Executive	Former

Organization	Position	Status
Insurance Australia Group Limited	CIO	Current
Westpac Banking Corporation		Former
West-Pac		Former

Organization	Position	Status
Insurance Australia Group Limited	CFO	Current
U.S. Department of Energy		Former

Organization	Position	Status
Insurance Australia Group Limited	Chief Marketing Officer	Current

Organization	Position	Status
Insurance Australia Group Limited	Chief Risk Officer & Group Actuary	Current
PricewaterhouseCoopers	senior corporate	Former

Organization	Position	Status
Insurance Australia Group Limited	Group Executive, Intermediary Business	Current

Organization	Position	Status
Insurance Australia Group Limited		Current

Organization	Position	Status
Insurance Australia Group Limited		Current
Westpac Banking Corporation	Regional General Manager, Retail Banking Queensland	Former

Organization	Position	Status
Insurance Australia Group Limited	Group Executive, Personal Injury	Current

Organization	Position	Status
Insurance Australia Group Limited	Secretary	Current

Organization	Position	Status
Insurance Australia Group Limited		Current

Organization	Position	Status
Insurance Australia Group Limited		Current

Organization	Position	Status
Insurance Australia Group Limited		Current

Organization	Position	Status
Insurance Australia Group Limited	Group Executive, Business Partners	Current

Organization	Position	Status
Insurance Australia Group Limited	Group Executive, Asset Management	Current

Mark is a founding member of Ecos Corporation. His expertise lies in advising large corporations on how to embed sustainability into their organisation in a way that adds shareholder and stakeholder value. He specialises in the finance sector where he advises on lending and investment risk, portfolio management, climate change, product development and supply chain strategies. Mark assists clients in developing and implementing practical business strategies and performance management systems. He provides strategic advice and implementation support at an executive and operational level. Through working with leading companies over the last decade, he has co-developed Ecos unique methodology on operationalising sustainability. Mark has led whole of company integration assignments in some of Australia s leading companies, including ANZ, Insurance Australia Group, Diageo, AGL, Wattyl Paints, Placer Dome and the Commonwealth Bank. Prior to joining Ecos Mark held senior management positions in the Development Bank of Southern Africa, Standard Corporate and Merchant Bank and was Director of Pricewaterhouse Cooper s Global Environmental Solutions practice in Australia. He has extensive knowledge and experience of working with multilateral funding agencies and non-government organisations, and participates in a number of international forums focusing on finance and sustainability. Mark is a regular conference speaker and commentator on the business of sustainability. Mark has a Masters in Agricultural Economics and attended the Executive Development Program at the International Institute of Management Development, Switzerland.

Organization	Position	Status
Ecos	Member	Current
Insurance Australia Group Limited		Current
Placer Dome Inc.		Current

Organization	Position	Status
Insurance Australia Group Limited		Current
Lend Lease Corporation Limited	Finance Director	Former

Organization	Position	Status
Insurance Australia Group Limited		Current
Westpac Banking Corporation	Group Executive	Former

Organization	Position	Status
Insurance Australia Group Limited		Current
Securities Institute of Australia	President	Former

Organization	Position	Status
Insurance Australia Group Limited		Current
Deutsche Bank AG	Vice President	Former

Organization	Position	Status
Insurance Australia Group Limited		Current

Organization	Position	Status
Insurance Australia Group Limited	Group Executive, Personal Insurance	Current

Organization	Position	Status
Insurance Australia Group Limited	Group Executive, Culture & Reputation	Current

Organization	Position	Status
Insurance Australia Group Limited	Board of Directors	Current
STW Communications Group Ltd.	Board of Directors	Current

Organization	Position	Status
Insurance Australia Group Limited	Board of Directors	Current

Organization	Position	Status
Insurance Australia Group Limited	Board of Directors	Current

Organization	Position	Status
Insurance Australia Group Limited	Board of Directors	Current

Organization	Position	Status
Insurance Australia Group Limited	Board of Directors	Current

Mr Neil Hamilton was appointed as a Director of IAG in June 2000 and as a Director of Insurance Australia Limited (formerly NRMA Insurance Limited) in 1999. He is a member of the IAG Risk Management & Compliance Committee. Mr Hamilton is the Chairman of IRESS Market Technology Limited and Integrated Group Limited. He was formerly the Chairman of Western Power Corporation.

Organization	Position	Status
The Integrated Group, Inc	Chairman	Current
Iress Market Technology Limited	Chairman	Current
Metcash, Ltd.	Director	Current
Insurance Australia Group Limited (Iag)	Board of Directors	Current
Insurance Australia Group Limited	Director	Current
The Sons	Chairman	Former
Western Power Corporation	Chairman	Former
The Sons	Board of Directors	Former