Insurance Australia Group (IAG)
Rural adds nine new recruits
Provider wants to take the number two spot in specialist rural market.
IAG's results dented by UK performance
Insurance Australia Group's (IAG) half-year 2012 results were knocked by the performance of its recently-sold UK business.
RFIB turns to ex-Towergate risk officer
RFIB has appointed Lisa Siggery as risk and compliance director replacing Stephen Grant.
Arista looks to the Outback for new senior underwriter
Arista Insurance has moved to appoint Grant Twist as senior underwriter in its Midlands team in a bid to better serve the region.
UK underwriting loss for Equity owner
Equity Red Star owner, Insurance Australia Group (IAG), has revealed that it made an underwriting loss on UK business of AU$23m [£15.21m] for the year ended 30 June 2012.
IAG writes off nearly AU$300m on UK arm
IAG has written off AU$297m [£196m] of all remaining goodwill and intangible assets for its UK division.
Fitch affirms AA- credit rating of IAG subsidiaries
Fitch has upheld the financial strength rating of Insurance Australia Group's (IAG) core operating subsidies at AA-.
IAG: sale of UK business a possibility
Insurance Australia Group (IAG) is considering a sale of all or part of its UK business.
Equity owner reports UK loss
Insurance Australia Group (IAG) has reported a loss of AU$7m (£4.77m) for the first half of the financial year 2012 for its UK division.
Hastings boss to face Lloyd’s disciplinary board
Neil Utley, chairman of Hastings Direct, will face Lloyd’s enforcement board later in January over his time as boss at Equity Red Star.
Equity Direct Broking gets rebrand
IAG UK has repositioned its specialist affinity division and given it the new trading name Equity Insurance Partnerships (EIP).
Weak UK results disappoint IAG
“Disappointing” was the word repeatedly used by Australian giant IAG about its struggling UK business, dominated by Equity Red Star at Lloyd’s that has been ravaged by bodily injury claims.
Job losses at Equity Red Star
Equity Red Star, the UK arm of Insurance Australia Group, is set to make redundancies with up to 185 staff at risk, our sister title Post has revealed.
News review: November 2010
IAG UK-owned broker Barnett & Barnett almost doubled its size to £50m gross written premium, with a move for a controlling stake in Bromley-based commercial and personal lines specialist NBJ.
News review: September
John Lewis unveiled plans to rebrand its insurance offering as it targeted "rapid growth" in the insurance market.
Editor's comment - September 2010
So the private motor sector has finally been revealed as the insanely priced kamikaze market that many in the industry always thought it was.
Equity Red Star slammed for being too slow to adjust reserves
Equity Red Star should have taken quicker and more decisive action in reserving for increasing bodily injury claims according to a report produced by JP Morgan.
Motor insurers' excuses for poor results rejected
Insurer claims that increases in bodily injury costs are to blame for poor performance in the private motor market may be misleading, according to industry experts.
IAG Neil Utley backs £74m buyout
KBC Group and KBC Peel Hunt have reached agreement on a buy-out of KBC Peel Hunt for a total consideration of £74m.
Utley quits IAG to focus on his own investments
Neil Utley has revealed his intention to return to his entrepreneurial roots after quitting his role as chief executive of Insurance Australia Group's (IAG) UK business.
Utley to leave IAG UK
Insurance Australia Group has announced today that Ian Foy, currently CEO of IAG’s New Zealand business, will return to the United Kingdom to become CEO of IAG’s UK business, succeeding Neil Utley.