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Insurance Australia Group Limited ( (AU:IAG) ) just unveiled an update.
Insurance Australia Group Limited (IAG) has activated its Major Event Response and Natural Perils teams in anticipation of Tropical Cyclone Alfred, which is expected to impact South East Queensland and Northern New South Wales. IAG’s CEO, Nick Hawkins, emphasized the importance of safety and following emergency authorities’ advice. The company is prepared to assist affected customers with claims, temporary accommodation, and emergency financial assistance. IAG also highlighted its robust reinsurance program, including a Federal Government Cyclone Reinsurance Pool and various covers, to manage potential losses effectively.
More about Insurance Australia Group Limited
IAG, or Insurance Australia Group Limited, is a leading general insurance company operating in Australia and New Zealand. The company underwrites over $16 billion in insurance premiums annually through several prominent brands, including NRMA Insurance, RACV, CGU, and WFI in Australia, as well as NZI, State, AMI, and Lumley in New Zealand.
YTD Price Performance: -4.74%
Average Trading Volume: 3,663
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.64B
For an in-depth examination of IAG stock, go to TipRanks’ Stock Analysis page.