Archive

IAG to buy RAC Insurance as part of A$1.4bn partnership

Deal involves acquisition, and 20-year product distribution arrangement

IAG nearly doubles H1 net earnings on Covid BI release and benign weather

Suncorp also paid less for natcats than it expected

IAG's reported insurance earnings rocket 79% after beating natcat budget

Australasian insurer unveils A$350m share buyback

ICA reveals insured natcat losses have tripled over last three decades

Insurers' profitability has been dented from the costs, trade body adds

IAG attributes A$49m cut in natcat allowance to government reinsurance

Australian non-life group joined the Cyclone Reinsurance Pool from October

William McDonnell to join IAG as chief financial officer

IAG pricing algorithm triggers litigation by governance regulator

Asic is alleging loyalty discounts were only applied after algorithm hiked some premiums

IAG oversteps natcat budget again, boosts next allowance by 26%

One-fifth of premiums now covering reinsurance costs and perils allowance

IAG expects costs for natural perils to increase further in 2024/25

Group now paying 19% of relevant premiums for perils claims

IAG publishes framework for relocating towns under natcat threat

Insurer acknowledges moving communities could make insurance more affordable