Insurance Australia Group news

  • ICA appoints direct insurance advocates in overhaul

    The Insurance Council of Australia (ICA) has raided the direct-focused sections of Suncorp and IGA for a new president and deputy president. But is Australia's broking community underrepresented on the ICA board?

  • Climate change making Australia more volatile

    A global reinsurer said financial losses from events related to weather in Australia have risen four-fold over the past 30 years and are likely to increase as climate change intensifies already volatile weather patterns.

  • Aussie insurer rockets in value

    An Australian insurance giant has seen its stock value rise by 48% since the start of the year, making it one of the best performers on the Australian Stock Exchange. So what is driving this growth?

  • IAG diversifies to challenge Suncorp

    Insurance Australia Group will lock horns with Suncorp by expanding its product offering into an area previously dominated by its rival, but which has severe underinsurance issues.

  • IAG director retires

    An Insurance Australia Group (IAG) director has retired after almost six years on the insurance giant’s board.

  • Insurer expects premiums to rocket

    An Australian insurance giant has predicted there will be double-digit rises in insurance premiums in the next year, but what is causing this huge surge in rates?

  • Profits fall for IAG

    Insurance Australia Group posted a fall in annual profits, but maintains that it expects its performance to improve in the next fiscal year.

  • QBE targets acquisitions, but rules out IAG

    New QBE Insurance boss John Neal has confirmed the firm will be looking to continue its acquisition strategy, but that will not include snapping up rival Insurance Australia Group.

  • Aussie insurer targets Asian expansion

    “The Asian opportunity is here and now,” claimed one of Australia’s largest insurers as it aims to exploit the burgeoning insurance market across the region.

  • Insurer ponders sale or overhaul

    Australian insurance giant names a variety of extreme options for the future of its UK business. Which of these vastly different suggestions will it pick in the end?