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Insurance Australia Group Limited

ASX Announcements

IAG to defend class action

Progress Report

  • Dec 10, 2024
  • 1 page

IAG Investor Day 2024

Company Presentation, Web Casts

  • Dec 3, 2024
  • 63 pages

2025 Calendar of Key Dates

Notification of Results/Reporting Date, Notice of Meeting - Other, Dividend Record Date, Dividend Pay Date, Company Administration - Other

  • Dec 2, 2024
  • 1 page

Change of Registered Office Address

Details of Company Address, Details of Registered office address

  • Dec 2, 2024
  • 1 page

Notification of cessation of securities - IAG

Appendix 3H (Notification of cessation of securities)

  • Nov 29, 2024
  • 4 pages

View all IAG announcements

This Month

ASIC raised major concerns about how insurance companies handle complaints.

ASIC slams insurers for gaping holes in complaints systems

“We are extremely disappointed with what we found here,” ASIC commissioner Alan Kirkland said, putting IAG, QBE and Suncorp on notice.

  • James Eyers

November

IAG CEO Nick Hawkins is defending $7 billion in insurance claims but still making acquisitions

IAG didn’t register Greensill Capital insurer with ASIC: court claim

Greensill Capital’s key insurance agency did not have approval from regulators to act as an insurer when it was half-owned by $20 billion group IAG, new court documents allege.

  • Jenny Wiggins
IAG CEO Nick Hawkins.

How IAG boss Nick Hawkins weathered the perfect storm

In the past four years, the CEO of the $20b insurance giant has battled both cyclonic conditions and swirling regulators and politicians.

  • James Eyers
Insurance Australia Group and RACQ pitched this deal as a win/win. When we look back in five years’, it is much more likely there will be a winner and a loser.

Hello sunshine! IAG can’t resist pull up north

Strategically, the RACQ Insurance acquisition is a sound deal. Its success (or otherwise) comes down to price.

  • Anthony Macdonald
IAG CEO Nick Hawkins, left, with RACQ CEO David Carter on Thursday.

IAG in big Queensland push with $855m RACQ insurance deal

The major insurer already owns NRMA and CGU, and has a joint venture with RACV. This deal gives it access to RACQ’s 1.7 million members.

  • Updated
  • James Eyers
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October

ASIC deputy chair Sarah Court said insurers “must have robust systems and controls in place to make sure their customers receive the discounts they were promised”.

ASIC sues QBE for misleading half a million customers on price

ASIC’s action against QBE on Wednesday follows similar cases against NRMA and RACQ, who paid big fines last year.

  • James Eyers
A Lismore street in March 2022.

How insurers failed when flooded customers needed them the most

A parliamentary report has made 86 recommendations to improve claims handling, calling for government intervention to stop new developments on flood plains.

  • James Eyers

September

IAG boss Nick Hawkins is back in favour with investors. But he walks a fine line.

Beware Donald Trump’s threat to insurers, including in Australia

Australia’s insurers are red-hot with investors. They are finally delivering. But keep an eye on Canberra, as Donald Trump reminded us overnight.

  • Anthony Macdonald
When Delta Air Lines revamped its SkyMiles program last year, users lit up social media with their ire.

The fury of the frequent flyer

Airline loyalty programs have tested customer patience and now face government probes. They won’t be nearly as lucrative in the future if customers end up loathing the associated airlines.

  • Brooke Masters

August

Geoff Wilson is in the same boat as everyone else at the end of this exhausting profit season – trying to pinpoint exactly where we are in this cycle.

What I learnt from 30 CEOs in 30 days

The profit season has delivered a confusing picture of an economy stuck between cycles. Here are 30 nuggets to help investors navigate this tricky environment. 

  • Updated
  • James Thomson
Just one in five foreign tradies who express an interest in working in Australia are invited to apply.

IAG blames construction costs for higher premiums

The cost of subcontractors in Victoria rose by 18pc in the past year, putting pressure on housing insurance premiums across the country.

  • James Eyers
NRMA CEO Julie Batch.

The one question NRMA boss Julie Batch uses to progress her career

She comes from a long line of insurance executives. Earlier in her career she worked in Monaco in the reinsurance industry.

  • Sally Patten

July

Law firm Slater & Gordon has admitted to underpaying workers more than $300,000.

Workers’ rights law firm admits to underpaying staff $300,000

Prominent class action firm Slater & Gordon says there are “no excuses” for the underpayment which was due to a decade-long miscalculation of leave entitlements.

  • Maxim Shanahan
Reinsurance industry stabilising: Suncorp’s Steve Johnston.

Suncorp dumps Warren Buffett insurance-protection deal

The decade-long arrangement had split the risks and rewards of the insurer’s exposure to weather in Queensland, covering 30 per cent of its home policies.

  • Liam Walsh
Nick Hawkins, IAG’s CEO

Simpler, predictable earnings this year’s equity market story

Fewer shocks and more bankable businesses, that’s what is in fashion with investors this year. The list of companies trying to dish it up is growing.

  • Anthony Macdonald
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June

“Pricing relief”: IAG CEO Nick Hawkins

IAG says premium pressure easing as shares soar on profits

Shares in IAG jumped on Friday as the insurance giant announced that earnings were likely to come in at the top of forecasts.

  • Liam Walsh and James Eyers
Grong Grong’s mini solar farm could be part of the solution to the energy crisis.

Grong Grong (population 150) does its bit to solve the energy crisis

Small-scale solar farms like that at Grong Grong can fly below the radar but represent a large opportunity to plug renewable power into the system. 

  • Nick Lenaghan
Scott Malcolm, who is in dispute with his insurer about repairs to his home after two years.

Bad repairs and blacked-out costs: when insurance claims turn ugly

Stuff-ups and a rapid acceleration in claims expenses are the hallmarks of boiling customer frustration with insurers, who are also facing higher costs.

  • Liam Walsh

May

IAG is battling two lawsuits now in a dispute over pricing models and discounts.

IAG hit with discounting class action in latest legal headache

The insurance giant says it will defend the Slater and Gordon lawsuit alleging that customers were duped about discounts.

  • Liam Walsh
Maple Brown-Abbott Garth Rossler, Vertium Asset Management Jason Teh, Lazard Aaron Binsted and Atlas Funds Management’s Hugh Dive.

Stock rally ‘too good to be true’, warn CIOs

Investment chiefs say the market looks too expensive given the uncertain economic backdrop and that there’s good reason to be cautious for the rest of this year.

  • Joanne Tran

Original URL: https://www.afr.com/company/iag-rx