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Insurance Australia Group Limited ( (AU:IAG) ) has provided an update.
Insurance Australia Group Limited (IAG) announced the immediate retirement of David Armstrong from its Board of Directors due to medical reasons. Armstrong, who joined the board in September 2021, served as Chair of the Board Audit Committee and was a member of the Risk Committee. IAG Chair Tom Pockett praised Armstrong’s significant contributions, particularly his expertise in listed company operations and understanding of industry regulatory and risk challenges. This change may impact IAG’s board dynamics and strategic oversight, given Armstrong’s role in key committees.
The most recent analyst rating on (AU:IAG) stock is a Hold with a A$8.80 price target. To see the full list of analyst forecasts on Insurance Australia Group Limited stock, see the AU:IAG Stock Forecast page.
More about Insurance Australia Group Limited
IAG is the parent company of a general insurance group operating in Australia and New Zealand. It underwrites over $17 billion of insurance premiums annually through leading brands such as NRMA Insurance, RACV, CGU, and WFI in Australia, and NZI, State, AMI, and Lumley in New Zealand.
Average Trading Volume: 4,561,041
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$20.51B
Learn more about IAG stock on TipRanks’ Stock Analysis page.