Insurance Australia Group Ltd.
Insurance Australia Group Ltd. is an international insurance company. It provides commercial and motor fleet, motor vehicle, commercial liability, commercial property, construction and engineering, home and contents, income protection, marine and niche insurance services. The company operates through the following business segments: Australia Direct Insurance, Australia Intermediated Insurance, New Zealand Insurance, United Kingdom Insurance, Asia Insurance and Corporate & Other. The Australia Direct Insurance segment comprises insurance products distributed through a network of branches, franchises and country service centers throughout Australia as well as call centers and online facilities using predominantly the NRMA Insurance, SGIO and SGIC brands as well as via a distribution relationship and underwriting joint venture with RACV Ltd. The Australia Intermediated Insurance segment includes insurance products primarily sold under the CGU and Swann insurance brands through insurance brokers, authorized representatives and distribution partners. The New Zealand Insurance segment involves in the general insurance business underwritten through subsidiaries in New Zealand. The United Kingdom Insurance segment comprises the general insurance underwriting and broker distribution services operating through subsidiaries in the United Kingdom. The Asia Insurance segment involves primarily the direct and intermediated insurance business underwritten through subsidiaries in Thailand and the share of the operating result from the investment in associates in Malaysia, Vietnam, India and China. The Corporate and Other segment comprises other activities, including corporate services, funding costs on the group's interest bearing liabilities, inwards reinsurance from associates, investment management and investment of the equity holders' funds. The businesses offer personal and commercial insurance products through local brands. Insurance Australia Group history roots back to 1925, was founded on September 26, 1924 and is headquartered Sydney, Australia.