ASX Announcements
Notification of cessation of securities - IAG
Appendix 3H (Notification of cessation of securities)
- Dec 20, 2023
- 4 pages
Notification regarding unquoted securities - IAG
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Dec 19, 2023
- 6 pages
Yesterday
Cyclone Jasper’s damage bill mounts as rain eases
While rainfall eases in North Queensland, the cost wrought by Cyclone Jasper is rising.
- Updated
- Liam Walsh, Sarah Mitchell and Tess Bennett
This Month
Cyclone insurance back-up scheme likely off-limits for Qld floods
Insurance companies are unlikely to be able to access a Commonwealth reinsurance project to offset costs of paying out victims of the North Queensland flooding, which could lead to a rise in premiums.
- Updated
- Liam Walsh
IAG’s sacked lawyer Peter Horton out millions
The shock, forced departure of top legal beagle Peter Horton is worth more to him than we thought.
- Updated
- Myriam Robin
Insurers warn of cutting flood cover options or even customers
Insurers have warned some coverage options might have to be changed after devastating floods last year.
- Liam Walsh
- Updated
- Workplace
IAG’s top lawyer in costly departure after ‘conduct breach’
The company’s general counsel, Peter Horton, who had worked at other major companies, has left immediately.
- Updated
- Liam Walsh
November
Couple of sentences could have avoided insurer’s $10m fine
RACQ has been hit with a Federal Court penalty in the latest fallout for insurers and their failures to pass on discounts to policyholders.
- Liam Walsh
- Opinion
- Chanticleer
The one risk big insurers won’t take
There may be strong demand for cyber insurance, but the local sector is not running towards that fire. Even if it is a growing piece of the insurance pie.
- Anthony Macdonald
Credit Suisse has only itself to blame on Greensill, IAG claims
Funds run by the Swiss investment bank say they are out of pocket by $2.8b and should have been covered by Australian insurance.
- Liam Walsh and Jenny Wiggins
Australian inflation grips insurers but QBE sticks to forecasts
Higher costs for home and car repairs remain a sore point, insurers say, signalling more pressure on customers or shareholders.
- Liam Walsh
Record airline profits fail to lure back investors
The MSCI index tracking global airlines is trading about 40 per cent below pre-pandemic levels. It has fallen more than 20 per cent since the start of July.
- Philip Georgiadis, Sylvia Pfeifer, Patrick Mathurin and Mercedes Ruehl
Fund managers buy up insurers amid slowdown fears
Worried about the fallout from higher interest rates, investors including Airlie, Paradice and Ophir are favouring insurers over the big four banks.
- Joanne Tran
October
NRMA to offer home loans funded by Bendigo Bank
Like Qantas, the IAG-owned insurer will distribute mortgages to its customers via an origination platform created by fintech Tic:Toc, funded by Bendigo Bank.
- James Eyers
IAG to be hit with more Greensill-related insurance claims
US financier White Oak will allege that the insurers became aware in early-to-mid 2020 that there was, or might be, a problem with some policies.
- Jenny Wiggins and Liam Walsh
Why are analysts so upbeat on IAG?
The insurer’s latest confession about old claims creeping up means it should have missed a key earnings target from last year.
- Liam Walsh
- Exclusive
- Funding
Digital debt collector counts benefits of a cost-of-living crisis
Perennial-backed InDebted has made its first acquisition since 2021 as a rise in people defaulting on payments sees it approach profitability for the first time.
- Tess Bennett
- Updated
- AGM season
IAG margins again haunted by claims from the past
Underlying margins for the first six months of this financial year are likely to hit the lower end of guidance, the Sydney-based insurance group has said.
- Liam Walsh
‘Serious problems were afoot’ at Greensill’s Australian insurer
Marsh McLennan breached its own code of conduct by failing to warn White Oak of issues with Greensill’s Australian insurer, courts have been told.
- Jenny Wiggins and Liam Walsh
September
Youi’s profits lift, but some insurer costs become prohibitive
Even as affordability concerns spike, insurers say customers are not dumping cover.
- Liam Walsh
Warmer El Niño will boost insurer profits
One analyst says catastrophe claims in El Nino periods are broadly on par with that of neutral weather patterns, and 42 per cent lower than in La Nina.
- Lucas Baird
Guess who’s joining Stephen Jones on his Euro jaunt?
Joining the Financial Services Minister’s delegation are representatives from an insurance industry under extraordinary regulatory scrutiny.
- Updated
- Myriam Robin
