Archive

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

    21 August 2024

    Australasian insurer unveils A$350m share buyback

  • ICA reveals insured natcat losses have tripled over last three decades

    19 August 2024

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

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

    16 February 2024

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

  • William McDonnell to join IAG as chief financial officer

    05 October 2023
  • IAG pricing algorithm triggers litigation by governance regulator

    25 August 2023

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

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

    21 August 2023

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

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

    15 June 2023

    Group now paying 19% of relevant premiums for perils claims

  • IAG publishes framework for relocating towns under natcat threat

    28 March 2023

    Insurer acknowledges moving communities could make insurance more affordable

  • NZ firms trumpet second-event reinsurance as cyclone Gabrielle follows floods

    15 February 2023

    Underwriters expect Gabrielle's costs to exceed 2016's Kaikoura earthquake bill of NZ$2.3bn

  • Auckland floods lead IAG to flag full-year cat costs beyond A$1bn

    03 February 2023

    Australasian insurers making full use of reinsurance programmes