Investments
2Portfolio Exits
4Partners & Customers
10About Insurance Australia Group
Insurance Australia Group (IAG) is an Australian-based international general insurance group with operations in Australia, New Zealand, and Asia. The Group provides a range of personal and commercial insurance products, primarily motor vehicle and home insurance.
Insurance Australia Group Headquarter Location
Level 13 Tower 2 Darling Park 201 Sussex Street
Sydney, New South Wales, 2000,
Australia
+61 (0)2 9292 9222
Insurance Australia Group Web Traffic
Insurance Australia Group Rank
Latest Insurance Australia Group News
Jan 19, 2022
| Insurance Business Australia Insurance Australia Group ( IAG ) has finalised its Intermediated Insurance Australia (IIA) leadership team by appointing Darren O’Connell as a new executive general manager (EGM) underwriting IIA and permanently appointing Christa Marjoribanks as EGM product pricing and governance. O’Connell will commence his new role on February 01, 2022. He joins IAG from Suncorp , where he led the commercial and intermediated portfolio, responsible for pricing, and profitable growth strategies. Meanwhile, Marjoribanks, who joined IAG as a consultant from PwC in early 2020, has been acting as the EGM product pricing and governance since late 2020 but will permanently move into the role this month. IAG has been trying to complete the IIA leadership team for months, appointing several EGMs in April 2021 , with three of them already acting in their roles since IAG CEO Nick Hawkins announced leadership changes in the group in 2020.
Insurance Australia Group Investments
2 Investments
Insurance Australia Group has made 2 investments. Their latest investment was in Hyper Anna as part of their Series A on August 8, 2017.
Insurance Australia Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/22/2017 | Series A | Hyper Anna | $12.7M | Yes | 1 | |
8/11/2016 | Series B |
Date | 8/22/2017 | 8/11/2016 |
|---|---|---|
Round | Series A | Series B |
Company | Hyper Anna | |
Amount | $12.7M | |
New? | Yes | |
Co-Investors | ||
Sources | 1 |
Insurance Australia Group Portfolio Exits
4 Portfolio Exits
Insurance Australia Group has 4 portfolio exits. Their latest portfolio exit was Hyper Anna on October 07, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
10/7/2021 | Acquired | 2 | |||
Date | 10/7/2021 | |||
|---|---|---|---|---|
Exit | Acquired | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 2 |
Insurance Australia Group Acquisitions
2 Acquisitions
Insurance Australia Group acquired 2 companies. Their latest acquisition was NRMA on November 20, 2019.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/20/2019 | Acquired | 1 | ||||
7/16/2019 | Debt |
Date | 11/20/2019 | 7/16/2019 |
|---|---|---|
Investment Stage | Debt | |
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources | 1 |
Insurance Australia Group Partners & Customers
10 Partners and customers
Insurance Australia Group has 10 strategic partners and customers. Insurance Australia Group recently partnered with Socotra on June 6, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
6/1/2020 | Vendor | Socotra | United States | Australia’s largest insurer partners with Socotra to power newly-launched direct-to-consumer product IAG Executive Manager Phil Wilson-Brown said the partnership with Socotra has enabled them to deliver an innovative insurance service through Poncho Insurance . | 2 |
9/3/2019 | Vendor | AIR Worldwide | United States | 03 , 2019 -- Sept. 3 , 2019 -- Catastrophe modeling firm AIR Worldwide announced that Insurance Australia Group , the largest general insurance company in Australia and New Zealand , has licensed AIR Worldwide 's new Earthquake Model for New Zealand to help manage its catastrophe risk . | 2 |
12/13/2018 | Partner | Data61 | Australia | IAG teams up with Data61, USyd over AI ethics institute Insurance Australia Group has today unveiled a new partnership with the CSIRO 's Data61 and University of Sydney to launch a research and advocacy institute concerned with the ethical use of artificial intelligence . | 2 |
12/13/2018 | Partner | ||||
10/15/2018 | Licensee |
Date | 6/1/2020 | 9/3/2019 | 12/13/2018 | 12/13/2018 | 10/15/2018 |
|---|---|---|---|---|---|
Type | Vendor | Vendor | Partner | Partner | Licensee |
Business Partner | Socotra | AIR Worldwide | Data61 | ||
Country | United States | United States | Australia | ||
News Snippet | Australia’s largest insurer partners with Socotra to power newly-launched direct-to-consumer product IAG Executive Manager Phil Wilson-Brown said the partnership with Socotra has enabled them to deliver an innovative insurance service through Poncho Insurance . | 03 , 2019 -- Sept. 3 , 2019 -- Catastrophe modeling firm AIR Worldwide announced that Insurance Australia Group , the largest general insurance company in Australia and New Zealand , has licensed AIR Worldwide 's new Earthquake Model for New Zealand to help manage its catastrophe risk . | IAG teams up with Data61, USyd over AI ethics institute Insurance Australia Group has today unveiled a new partnership with the CSIRO 's Data61 and University of Sydney to launch a research and advocacy institute concerned with the ethical use of artificial intelligence . | ||
Sources | 2 | 2 | 2 |
Insurance Australia Group Team
18 Team Members
Insurance Australia Group has 18 team members, including current Chief Executive Officer, Stephen Beatty.
Name | Work History | Title | Status |
|---|---|---|---|
Stephen Beatty | Chief Executive Officer | Current | |
Craig Olsen | Chief Executive Officer | Current | |
Shawn Phillips | Chief Executive Officer, Owner | Current | |
Sarah Boardman Jones | Westpac NZ, and Chapman Tripp | Chief Financial Officer | Current |
Alistair Smith | Chief Financial Officer | Current |
Name | Stephen Beatty | Craig Olsen | Shawn Phillips | Sarah Boardman Jones | Alistair Smith |
|---|---|---|---|---|---|
Work History | Westpac NZ, and Chapman Tripp | ||||
Title | Chief Executive Officer | Chief Executive Officer | Chief Executive Officer, Owner | Chief Financial Officer | Chief Financial Officer |
Status | Current | Current | Current | Current | Current |