IAG Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/iag/ Tue, 06 Jan 2026 02:32:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 IAG integrates RACQI into cat reinsurance program https://insuranceasianews.com/iag-integrates-racqi-into-cat-reinsurance-program/ Tue, 06 Jan 2026 02:32:20 +0000 https://insuranceasianews.com/?p=208064 RACQI is now covered by IAG's main catastrophe cover, whole of account quota share (WAQS) arrangements, and aggregate stop-loss protection.

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IAG has successfully integrated the Royal Automobile Club of Queensland Insurance (RACQI) into its main catastrophe reinsurance program following its acquisition in September.
In a statement on Tuesda...

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]]> ACCC opposes IAG’s deal for RAC Insurance https://insuranceasianews.com/accc-opposes-iags-deal-for-rac-insurance/ Wed, 10 Dec 2025 23:42:04 +0000 https://insuranceasianews.com/?p=206583 Australia's antitrust regulator says the deal would undermine competition in Western Australia in home and motor insurance, but the insurer intends to contest the decision.

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The Australian Competition and Consumer Commision (ACCC) has opposed IAG’s strategic alliance with the Royal Automobile Club of Western Australia (RAC).
In a statement on Thursday, the ACCC said it ha...

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]]> IAG hires Phillip Gibson as CEO of New Zealand https://insuranceasianews.com/iag-hires-phillip-gibson-as-ceo-of-new-zealand/ Thu, 04 Dec 2025 23:42:13 +0000 https://insuranceasianews.com/?p=206131 Former Aviva Canada executive will join IAG New Zealand in March, replacing Amanda Whiting.

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Australian insurer IAG has chosen Phillip Gibson as its CEO of New Zealand, according to a statement on Friday.
IAG said that Gibson’s (pictured) appointment as CEO of IAG New Zealand would be effecti...

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]]> IAG receives over 10,000 claims from significant weather events across Queensland, NSW, Victoria https://insuranceasianews.com/iag-receives-over-10000-claims-from-significant-weather-events-across-queensland-nsw-victoria/ Mon, 10 Nov 2025 05:17:49 +0000 https://insuranceasianews.com/?p=204200 Majority relate to motor and property hail damage, with over half from customers of RACQ Insurance, which IAG acquired in September.

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IAG has received over 10,000 claims across its brands, including approximately 5,800 from RACQ Insurance (RACQI) customers, due to several significant weather events in Queensland, New South Wales, an...

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]]> IAG New Zealand CEO Amanda Whiting to step down https://insuranceasianews.com/iag-new-zealand-ceo-amanda-whiting-to-step-down/ Tue, 04 Nov 2025 05:55:41 +0000 https://insuranceasianews.com/?p=203665 Whiting will continue to lead the New Zealand business until a successor is found.

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IAG has announced that its New Zealand chief executive officer, Amanda Whiting, will step down from her role and return to Australia.
Whiting (pictured) will continue to lead the New Zealand business ...

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]]> IAG New Zealand CEO Amanda Whiting to step down https://insuranceasianews.com/iag-new-zealand-ceo-amanda-whiting-to-step-down/ Tue, 04 Nov 2025 05:55:41 +0000 https://insuranceasianews.com/?p=203665 Whiting will continue to lead the New Zealand business until a successor is found.

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IAG has announced that its New Zealand chief executive officer, Amanda Whiting, will step down from her role and return to Australia.
Whiting (pictured) will continue to lead the New Zealand business ...

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]]> Southeast Queensland hailstorm claims top 10,000 as clean up continues https://insuranceasianews.com/southeast-queensland-hailstorm-claims-top-10000-as-clean-up-continues/ Thu, 30 Oct 2025 06:47:24 +0000 https://insuranceasianews.com/?p=203163 IAG and Suncorp are dealing with claims and significant costs after the event struck the Brisbane region on Sunday.

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Australian insurers IAG and Suncorp have fielded over 10,000 claims as residents and businesses across Southeast Queensland and beyond continue to count the cost of the hailstorm that brought widespre...

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]]> IAG upgrades FY26 guidance following RACQ’s acquisition https://insuranceasianews.com/iag-upgrades-fy26-guidance-following-racqs-acquisition/ Thu, 23 Oct 2025 05:13:53 +0000 https://insuranceasianews.com/?p=202642 The Australian insurer now expects GWP growth of approximately 10% in FY26, up from the original 'low-to-mid single digit' range.

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IAG, the Australian insurer, has lifted its FY26 financial guidance following the successful integration of the Royal Automobile Club of Queensland's (RACQ) underwriting business, according to a state...

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]]> IAG New Zealand fined record US$11.4m for misleading customers https://insuranceasianews.com/iag-new-zealand-fined-record-us11-4m-for-misleading-customers/ Mon, 06 Oct 2025 06:45:26 +0000 https://insuranceasianews.com/?p=201358 New Zealand's largest insurer admitted overcharging 269,000 customers US$20.4m, according to the Financial Markets Authority.

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IAG New Zealand has been penalised NZ$19.5 million (US$11.4 million) for overcharging over a quarter of a million customers tens of millions of dollars by not giving them promised discounts and benefi...

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]]> IAG’s RAC Insurance acquisition faces member disquiet, club’s CEO claims deal is ‘best path forward’: report https://insuranceasianews.com/iags-rac-insurance-acquisition-faces-member-disquiet-clubs-ceo-claims-deal-is-best-path-forward-report/ Thu, 25 Sep 2025 08:06:10 +0000 https://insuranceasianews.com/?p=200653 The deal being scrutinised by ACCC, which said it can potentially weaken competition in the supply of motor and home and contents products in Western Australia.

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IAG’s proposed AU$1.35 billion (US$890.5 million) acquisition of the Royal Automobile Club of WA (RAC) is facing opposition from members of the mutual, despite RAC Group CEO Rob Slocombe's claims that...

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