BNET Industries

Insurance Australia Group Ltd.

(IAG) is in the Financial Services Industry

Market Cap:$6.5B
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

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

Recent Events

  • 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

insurance australia group ltd. and suncorp-metway ltd. - All News and Analysis

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

Organization Position Status
Insurance Australia Group Limited Board of Directors Current
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     IAG $18.22 -0.98 (-5.10% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 6,173,090
Shares Outstanding 368.02M
Market Cap 6.7B
Year High 21
Year Low 3.48
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
IndustryTop Rated

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