IAG

Allianz, IAG to vie for acquisition of Western Australia’s RAC: Report

February 5 2025

Both firms are already waiting on regulatory approval for seperate acquisitions of similarly-profiled insurers.

Australian regulator exploring potential concerns over IAG, Allianz acquisitions

February 4 2025

ACCC investigating whether IAG-RACQ and Alliianz-RAA deals might lead to higher premiums, lower service standards.

IAG to release AU$200m from BI provision as class action ends

January 31 2025

Actuarial estimate comes after Federal Court rules that COVID-19 business interruption class action against subsidiary IAL will not proceed.

NRMA hit with penalty for CTP renewal breaches

January 25 2025

NSW Regulator says breaches showed systemic issues in internal controls and regulatory compliance.

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Allan Coombes joins AIG as GM for NSW and ACT

January 16 2025

Coombes moves after 12 years with QBE.

IAG launches global research project on lithium-ion battery safety

December 19 2024

The research aims to "debunk misconceptions about battery fires" and "establish clear, practical safety guidelines for everyday use," in Australia and around the world.

IAG eyeing further M&A activity in Australia and New Zealand

December 4 2024

CEO Nick Hawkins signals readiness for further M&A activity, just a week after IAG announced it had agreed to acquire RACQ's insurance underwriting business.

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Regulatory approval a hurdle for IAG's acquisition of RACQ insurance business, say analysts

December 2 2024

Analysts say deal will face close scrutiny from the ACCC due to potential concerns around market concentration in Queensland's insurance segment.

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Australia’s federal court rules against class actions for COVID-19 business interruption claims

September 24 2024

With the decision, affected policyholders will have to file individual claims instead.

IAG finalises long-tail reserves reinsurance deal with Enstar Group

August 30 2024

Deal, first announced in June, includes cover for Product & Public Liability, Compulsory Third-Party Motor, Professional Risks, and Workers’ Compensation portfolio.

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