BNET Industries

Insurance Australia Group Ltd.

(IAG) is in the Financial Services Industry

Market Cap:$6.0B
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

  • IRDA's rules may make life tough

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

  • Insurance Australia Turns To Profit In FY09; Guides FY10 - Update

    8/21/09 - Financial Announcement - View Story

News & Analysis

insurance australia group ltd. - All News and Analysis

  • Parramatta or bust: IAG heads west.

    - 2007-07-05

    Byline: Robert Harley Jul 05, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Insurance Australia Group IAG, advised by Laing & Simmons, will lease an entire office block in Parramatta. According to the MD of Grosvenor International, Rob Kerr, IAG's...

    Tags: Insurance Australia Group Ltd.

  • Catalyst for change.

    - 2007-07-03

    Byline: Jane Lindhe Jul 03, 2007 (BRW - ABIX via COMTEX) -- Michael Hawker, the CEO of Insurance Australia Group IAG, is keen to involve the Australian business community in tackling climate change. Hawker, one of the main instigators behind the Australian Business...

    Tags: Insurance Australia Group Ltd.

  • Price pressure on car, home insurance.

    - 2007-06-27

    Byline: Eric Johnston Jun 27, 2007 (The Australian Financial Review - ABIX via COMTEX) -- An ABN Amro study has revealed that Australian consumers can look forward to cheaper car and home insurance. A price war between market leaders Suncorp and Insurance Australia Group...

    Tags: Insurance Australia Group Ltd., Suncorp

  • Storm claims reach $350m.

    - 2007-06-21

    Jun 21, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Some 33,000 insurance claims have been lodged since storms hit the central coast of New South Wales NSW on 8 June 2007. The Insurance Council of Australia has valued these claims at around $A350 million....

    Tags: Insurance Australia Group Ltd.

  • Insurers take a bath in NSW storms.

    - 2007-06-20

    Byline: Katherine Jimenez Jun 20, 2007 (The Australian - ABIX via COMTEX) -- The losses to insurance companies arising from claims after severe storms in New South Wales NSW are now set to be as high as $A540m. Suncorp-Metway has already logged some 19,000...

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

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
Douglas Pearce Group Executive, Personal Injury
Francis Giordano Secretary
Lou Power Group Executive, Business Partners
Mario Pirone Group Executive, Asset Management
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 Group Executive, Personal Injury Current

Organization Position Status
Insurance Australia Group Limited Secretary 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

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 $16.46 +0.57 (3.59% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 4,899,780
Shares Outstanding 368.02M
Market Cap 6.1B
Year High 16.83
Year Low 2.69
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
IndustryTop Rated

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