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Insurance Australia Group company logo
Corporation
FINANCIAL | Insurance / Property & Casualty
iag.com.au

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Investments

2

Portfolio Exits

4

Partners & Customers

10

About 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

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Insurance Australia Group Web Traffic

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Page Views per Million (PVPM)
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Insurance Australia Group Rank

Latest Insurance Australia Group News

IAG completes IIA leadership team with new appointments

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.

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Insurance Australia Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/22/2017

Series A

Hyper Anna

$12.7M

Yes

1

8/11/2016

Series B

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$99M

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10

Date

8/22/2017

8/11/2016

Round

Series A

Series B

Company

Hyper Anna

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Amount

$12.7M

$99M

New?

Yes

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Co-Investors

Sources

1

10

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

6/3/2019

Divestiture

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10

6/18/2018

Divestiture

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10

12/14/2012

Divestiture

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$99M

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10

Date

10/7/2021

6/3/2019

6/18/2018

12/14/2012

Exit

Acquired

Divestiture

Divestiture

Divestiture

Companies

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Valuation

$99M

Acquirer

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Sources

2

10

10

10

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

$99M

Acquired

1

7/16/2019

Debt

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$99M

$99M

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10

Date

11/20/2019

7/16/2019

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

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

Insurance Australia Group Selects AIR's New Earthquake Model for New Zealand to Help Manage Its Catastrophe Risk

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

University of Sydney, and Data61

Australia

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10

10/15/2018

Licensee

RMS

United States

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10

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

University of Sydney, and Data61

RMS

Country

United States

United States

Australia

Australia

United States

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 .

Insurance Australia Group Selects AIR's New Earthquake Model for New Zealand to Help Manage Its Catastrophe Risk

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 .

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Sources

2

2

2

10

10

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

Chief Financial Officer

Current

Alistair Smith

Chief Financial Officer

Current

Name

Stephen Beatty

Craig Olsen

Shawn Phillips

Sarah Boardman Jones

Alistair Smith

Work History

Title

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer, Owner

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Current

Current

Current

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