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Insurance Australia Group Limited

ASX Announcements

Director to retire from IAG Board

Director Appointment/Resignation

  • Oct 3, 2024
  • 1 page

Update - Notification of buy-back - IAG

Daily Share Buy-Back Notice

  • Oct 3, 2024
  • 6 pages

Change of Director's Interest Notice - Wendy Thorpe

Change of Director’s Interest Notice

  • Oct 2, 2024
  • 2 pages

Update - Notification of buy-back - IAG

Daily Share Buy-Back Notice

  • Oct 2, 2024
  • 6 pages

Change of Director's Interest Notice - Tom Pockett

Change of Director’s Interest Notice

  • Oct 1, 2024
  • 2 pages

View all IAG announcements

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
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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

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
Member-owned RACQ is the sunshine state’s second-largest insurer.

RACQ back on block, again, as Bank of America fires up sale

BoA’s crack financial institutions team Mike Evans and Pete Nicholls are understood to be leading the effort.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

April

John Hempton, chief investment officer of Bronte Capital.

ASIC secretly probed IAG’s Greensill disclosure

As IAG raised $750m, a hedge fund’s tip-off claimed there was scant detail about exposure to fast financier Greensill Group. Since then, $7b in gross claims have been declared.

  • Liam Walsh and Jenny Wiggins
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Sam Mostyn, pictured in 2009, when she was an executive at insurer IAG.

Male mentors drove Mostyn’s career, but she influenced them too

The next governor-general is best known as an advocate for professional women. She also had influential male mentors.

  • Aaron Patrick

March

Insurance was important for backing deals from Greensill Group, founded by Lex Greensill.

‘Chose not to disclose’: Greensill Group insurers dispute claims

Lex Greensill emailed an insurance underwriter in 2017 suggesting he “step up”. Years later, that relationship is under the microscope.

  • Liam Walsh and Jenny Wiggins
Lex Greensill’s firm, Greensill Capital, needed insurance to keep financing deals.

Frantic emails show underwriters’ shock at Greensill Group exposure

The documents, filed in the Federal Court, also reveal Australian regulators were warned nine months before the fast-finance business imploded.

  • Liam Walsh and Jenny Wiggins
The collapse of Lex Greensill’s eponymous finance house has embroiled IAG and other insurers .

Greensill Group underwriter suffered ‘breakdowns’ in policy safeguards

The man who signed off on billions of dollars of policies allegedly went around proper process and would receive “dinners, wine bottles” without disclosure.

  • Jenny Wiggins and Liam Walsh
PSC Insurance bossTony Robinson,

PSC Insurance rides sector growth as Goldman fields inbound interest

PSC boss Tony Robinson and his Paul Dwyer-chaired board are seeking a price tag of about $2.3 billion as at least two offshore brokers circle.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

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