News tagged with “iag”. Found:
21 tagged news reports.
Your Search Returned 21 tagged news reports
QBE shadow cast in another direction
Sydney :: Australia | 14 days ago
Credibility
Faced with another dry spell, Insurance Australia Group executives are breathing a little more easily. Storms, hail and floods represent the costliest and most frequent payouts for general insurers, and so far this financial year natural disasters are...
Tags: QBE Insurance, IAG, Becton, Insurance Australia Group, Rio Tinto, unlisted fund, Australia, Sydney, Rio Tinto Group, Insurance, Stock, Australian Securities Exchange, Business Finance
IAG confident in improved underlying performance
London :: United Kingdom | 21 days ago
Credibility Chairman James Strong said the group's 2009 financial results were encouraging he was confident about the outlook. "And I am confident that the improvements evident in our underlying performance will continue in the year ahead and deliver stronger returns...
Tags: IAG
IAG battered but not out
Sydney :: Australia | 3 months ago
Credibility Australia Group has swung back into profitability but its earnings were hit by higher-than-expected payouts due to natural disasters and a slower turnaround across its commercial insurance arm. CGU after he launched a restructure aimed at restoring the...
Tags: Insurance Australia Group, IAG
QBE says weak dollar lifted profits
London :: United Kingdom | 3 months ago
Credibility Group increased first-half profit by 19 per cent to $1 billion despite volatile conditions, expecting premium rate increases to continue during the second half of 2009. Net profit rose to $1 billion for the six months to June 30, compared with $859 million...
Tags: IAG, net profits
IAG, Suncorp come to truck venture deal
Sydney :: Australia | 3 months ago
Credibility Insurance Australia Group Ltd (IAG) and Suncorp Metway Ltd have cease legal proceedings after the pair came to an agreement regarding the ongoing structure of their 50/50 joint venture truck insurance business NTI. The agreement involves IAG's intermediated...
Tags: Suncorp Metway Ltd, IAG, transport insurers, National Transport Insurance, truck insurers
Increase in claims hit IAG profit
Auckland :: New Zealand | 9 months ago
Credibility IAG expects to report a net profit of just $4 million for the half year ended December 31, down from $110 million in the prior corresponding period. "The group expects to report a net profit after tax of $4 million for the six months ... which has been...
Tags: IAG, net profit
IAG says market opportunists on prowl
Sydney :: Australia | 12 months ago
Credibility IAG head of investor relations and corporate Affairs Carolyn McCann says the insurer does not endorse any unsolicited share offer. "IAG shareholders ... should carefully consider their options when deciding whether to accept it, given the offer price...
Tags: IAG
IAG expands footprint in Asia
Kuala Lumpur :: Malaysia | about 1 year ago
Credibility IAG, which had held a 30 per cent interest in AmAssurance, said the increase in its interest was in line with its strategy to strengthen its position in select Asian general insurance markets. The move follows an announcement last week by IAG that it...
Tags: IAG
SBI-AIG JV for general insurance sector
Mumbai :: India | about 1 year ago
Credibility Country's largest lender State Bank of India on Monday said it has entered into a joint venture with Insurance Australia Group (IAG) for its foray into the general insurance business. State Bank will be holding a 74 per cent stake while the balance 26...
Tags: IAG, State Bank of India, Reserve Bank of India, general insurance, joint venture, SBI, Insurance Australia Group, insurance market, cent stake
Market ripe for consolidation, IAG says
Sydney :: Australia | about 1 year ago
Credibility IAG also said on Tuesday that it is on track to deliver on its full-year guidance and that IAG chairman James Strong would be standing down from the post within three years. The country's biggest insurer of homes and cars said it still expects to increase...
Tags: IAG, QBE, Mr Strong, takeover proposal
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