Last $24.97 USD
Change Today +0.167 / 0.67%
Volume 13.3K
IAUGY On Other Exchanges
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Berlin
OTC US
OTC US
As of 9:30 AM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

insurance australia-unsp adr (IAUGY) Key Developments

Insurance Australia Group Limited Appoints Tom Pockett as Non-Executive Director, Effective January 1, 2015

Insurance Australia Group Limited announced the appointment of Tom Pockett to its board as a new non-executive director, effective January 1, 2015. Mr. Pockett is a non-executive director of Stockland Corporation Limited, a director of Sunnyfield Independence Association and O'Connell St Associates. He previously spent over 11 years as CFO and over seven years as Finance Director with Woolworths Limited, and retired from these roles in February 2014 and July 2014 respectively. Mr. Pockett has also held senior finance roles at the Commonwealth Bank, Lend Lease Corporation and Deloitte.

Insurance Australia Group Limited Announces Executive Changes, Effective from January 1, 2015

Insurance Australia Group Limited announced the appointment of Mr. Tom Pockett to the IAG Board, as a non-executive director effective January 1, 2015. Mr. Pockett is a non-executive director of Stockland Corporation Limited, a director of Sunnyfield Independence Association and O'Connell St Associates. He previously spent over 11 years as Chief Financial Officer and over seven years as Finance Director with Woolworths Limited, and retired from these roles in February 2014 and July 2014 respectively. Mr. Pockett has also held senior finance roles at the Commonwealth Bank, Lend Lease Corporation and Deloitte. The company also announced the retirement of non-executive director, Mr. Peter Bush, effective January 1, 2015.

Insurance Australia Group Limited Appoints Elizabeth Bryan Am as an Independent Non-Executive Director to Board

Insurance Australia Group Limited announced the appointment of Ms. Elizabeth Bryan AM to the IAG Board as an Independent Non-Executive Director. Ms. Bryan is Chairman of Caltex Australia and a Director of Westpac Banking Corporation. She is also a part-time member of the Takeovers Panel, a member of the ASIC Director Advisory Panel, the Australian Treasury Advisory Council and a trustee of the Museum of Applied Arts and Sciences. Ms. Bryan's appointment is effective immediately.

IAG to Close State Branches

IAG is planning to shut most of its 22 State-branded branches in New Zealand, which means 91 employees might lose their jobs. But it plans to keep its 65 AMI branches and invest in their refurbishment even though AMI had to be bailed out by a Government guarantee to meet all its Canterbury claims after the earthquakes. The company said that it would close all the State branches except Riccarton in Christchurch. Other parts of the South Island will be impacted by the proposal. The company intends to close State branches in Timaru, Nelson, Blenheim, Invercargill and Dunedin.

Insurance Australia Group Limited Announces Resignation of Nora Scheinkestel from the Board, Effective 16 September 2014

The Chairman of Insurance Australia Group Limited (IAG), Mr. Brian Schwartz, has announced the resignation of Dr. Nora Scheinkestel from the Board of IAG, effective 16 September 2014.

 

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DNB ASA 107.30 NOK -0.20
Lend Lease Group A$16.53 AUD -0.26
Macquarie Group Ltd A$61.55 AUD +0.26
QBE Insurance Group Ltd A$10.56 AUD +0.07
Suncorp Group Ltd A$14.40 AUD +0.05
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IAUGY

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Valuation IAUGY Industry Range
Price/Earnings 10.0x
Price/Sales 1.3x
Price/Book 1.9x
Price/Cash Flow 10.0x
TEV/Sales 0.8x
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