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1 through 20 of 20 matching documents, best matches first.   Sort by date

Insurance Australia Group's Fiscal 2026 Profit Falls on Catastrophe Losses
Natural catastrophe losses dented Insurance Australia Group Ltd.'s fiscal 2026 net income as the group launched a strategic initiative through 2030. Fiscal 2026 net profit after ...
Source: BestWire   Date: August 13, 2026
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Insurance Australia Updates Strategy Ahead of RAC Acquisition
Insurance Australia Group Ltd. announced a refreshed strategy and long-term financial targets as part of an "Ambition 2030" plan launched at its Investor Day conference. Under ...
Source: BestWire   Date: May 12, 2026
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Australian Regulator Extends Probe Into IAG Acquisition of RACI
Insurance Australia Group Ltd.'s proposed acquisition of RAC Insurance, citing the regulator's concern the deal could lessen competition. The probe "requires an in-depth Phase 2 ...
Source: BestWire   Date: April 17, 2026
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Weather Losses in Newly Acquired Business Dent Insurance Australia Profit
Insurance Australia Group Ltd. posted lower fiscal first-half profit on weather losses in a recently acquired business before the unit was included in the group's reinsurance ...
Source: BestWire   Date: February 12, 2026
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Australian Competition Commission Opposes IAG Acquisition of RACI
Royal Automobile Club of Western Australia Inc. "Following a detailed investigation, the ACCC has concluded that the proposed acquisition would likely result in a substantial ...
Source: BestWire   Date: December 11, 2025
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Insurance Australia Group: Recent Storms Generate More Than 10,000 Claims
Insurance Australia Group Ltd.'s chief executive officer said the group received more than 10,000 claims from weather events since its annual general meeting on Oct. 23. The group ...
Source: BestWire   Date: November 11, 2025
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Australian Regulator Sues RACQ for Alleged Misleading Comparison Pricing
Deputy Chair Sarah Court in a statement. "During a cost-of-living crisis, we believe RACQ misled thousands of customers by including false comparison pricing in their renewal ...
Source: BestWire   Date: September 23, 2025
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Citing Competition, Australian Group Opposes Second IAG Auto Insurance Acquisition
Insurance in South Australia. "If the IAG RAC Insurance deal is approved, three large member-based insurers will have disappeared in less than 12 months," the MTAA said. "This is ...
Source: BestWire   Date: September 22, 2025
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Australia's Competition Regulator Probes IAG-RAC Western Australia Proposal
Insurance Australia Group Ltd.'s proposed acquisition of RAC Insurance Pty Ltd. from the Royal Automobile Club of Western Australia Inc. The competition regulator released a ...
Source: BestWire   Date: September 4, 2025
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Insurance Australia Closes on $556.4 Million RACQ Acquisition
Hawkins said earlier (BestWire, Aug. 13, 2025). "When completed, the combination of these strategic alliances is expected to add around A$3 billion in GWP, increase insurance ...
Source: BestWire   Date: September 2, 2025
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Backed by Honey Insurance, Grocery Retailer Aldi Launches Personal Lines in Australia
Australian shoppers, the company said. Customers can get a quote in three minutes, it said. "With the launch of Aldi Insurance, we're bringing our expertise in competitive pricing ...
Source: BestWire   Date: June 5, 2024
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Australia's RACQ Fined $6.6 Million for Misleading Customers on Disclosure Statements
Securities and Investments Commission said in a statement. The regulator said 458,746 customers missed out on about A$86.5 million in discounts they should have received. RACQ ...
Source: BestWire   Date: November 30, 2023
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Federal Court Fines Insurance Australia $26.6 Million for Customer Notification Failures
March 2014 and September 2019." The penalty is the largest ever imposed by the court against an insurer for breaches of the financial services consumer protection laws, the ...
Source: BestWire   Date: June 30, 2023
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Update: Australian Regulator: General Insurers Owe Customers $544.4 Million for Pricing Failures
(Adds comment from IAG and RACQ in paragraphs seven through 11) An Australian regulator cited ongoing pricing failures among general insurers as it urged the companies to repay ...
Source: BestWire   Date: June 26, 2023
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Enstar Completes $238.5 Million Loss Portfolio Transfer Deal With Australian Auto Insurer RACQ
Underwriting entities of Enstar Group Ltd. have current Best's Financial Strength Ratings of A- (Excellent). (By David Pilla, news editor, BestWire: David.Pilla@ambest.com)
Source: BestWire   Date: June 2, 2023
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Australian Regulator Sues RACQ for Alleged Misleading Product Disclosure Statements
Sarah Court, ASIC deputy chairwoman, said in a statement. "The failure by insurers to deliver on pricing promises is a key priority for ASIC and we will continue to take ...
Source: BestWire   Date: February 24, 2023
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Enstar Enters $136.4 Million Loss Portfolio Deal With Australian Auto Insurer RACQ
Enstar said in a statement. The transaction will be complete on receipt of regulatory approvals and other closing conditions. "This transaction with RACQ, one of the largest auto ...
Source: BestWire   Date: February 22, 2023
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Commission Cites High Northern Australia Premiums as Cyclone Reinsurance Risk Pool Ramps Up
The agency released its findings in its first insurance monitoring report. The ACCC is monitoring the effects of the Australian government's new cyclone and cyclone-related flood ...
Source: BestWire   Date: December 28, 2022
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Australian Regulator Cites Queensland Insurer RACQ for Risk Management Weaknesses
Allianz Australia in March 2021. (By David Pilla, news editor, BestWire: David.Pilla@ambest.com)
Source: BestWire   Date: October 12, 2022
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Australia's Suncorp, Promina Release Details of Merger Plan
Based on Suncorp's closing stock price on Oct. 10, that would be equivalent to A$7.65 per Promina share. It would give current Promina shareholders a stake of as much as 30% in the ...
Source: BestWire   Date: October 24, 2006
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