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August 2010

  • Aug

    27

    CGU welcomes Fire Services Levy reform

    CGU Insurance today welcomed the decision by the Brumby Government to remove the Fire Services Levy, a move that will make property insurance more affordable for all Victorians.

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  • Aug

    02

    CGU calls on State Government to act on fire services

    CGU Insurance has welcomed the Victorian Bushfires Royal Commission’s final report which calls for change to the way fire services are funded.

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July 2010

  • Jul

    21

    CGU's submission to the Victorian Government's Green Paper - Fire Services and The Non-Insured

    CGU Insurance submission to the Victorian Government's Green Paper - Fire Services and The Non-Insured.

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  • Jul

    21

    CGU demands fairer system for fire services funding

    CGU Insurance last week called upon the Victorian Government to implement a fairer funding model for fire services that does not discriminate against property insurance holders.

    » Read More

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CGU Insurance:

  • One of Australia’s largest intermediary-based general insurers
  • Approaching 160 years of providing insurance to Australians.
  • Insure over 500,000 Australian homes and one million private motor vehicles. In excess of three million policies in total.
  • To underpin the long term stability of our business, CGU holds capital over and above that
    required by Australia's Prudential Regulator (APRA).

CGU Insurance:

  • Network of over 75 branches throughout metropolitan, regional and rural Australia.
  • State offices located in Adelaide, Brisbane, Hobart, Launceston, Melbourne, Perth and Sydney.
    Major regional offices in Ballarat, Bendigo, Newcastle and Wollongong.
  • Australia's largest regional and rural insurer.

CGU Insurance:

  • Australia's largest provider of workers' compensation services.
  • Business partnerships with over 100 financial institutions and affinity groups.
  • Approximately 4,000 employees across Australia.

CGU is part of Insurance Australia Group (IAG):

  • Australasia's leading general insurance group and an ASX Top 50 company.
  • IAG’s businesses underwrite approximately $7.8 billion of premium every year and employ 15,000 people worldwide.

History of CGU Insurance:

  • 2003: Insurance Australia Group (IAG) acquired CGU from UK-based insurer, Aviva plc.
  • 2001: CGU acquired the Australian operations of international insurer, Fortis, which operated in Australia under the VACC Insurance, AIM Insurance and AMEV Insurance brands.
  • 1998: CGU was formed through the global merger of Commercial Union plc and NZI's parent company, General Accident plc. The global merger brought together two highly regarded insurers with almost 160 years of experience in Australia.

History of Commercial Union Insurance:

  • 1905: Hand in Hand became part of the Commercial union Group.
  • 1900: By the turn of the century, Commercial Union had offices in the United States, Canada, India, Germany and Singapore.
  • 1865: Commercial Union established its first Australian office.

History of Commercial Union Insurance continued:

  • 1861: Commercial Union founded in response to drastically increased insurance premiums following a huge dockland fire in London.
  • 1696: Hand in Hand Fire & Life Insurance Society was founded after the Great Fire of London. Its original name was the Amicable Contributionship for the Insurance of Houses against Fire. Today, Hand in Hand is the oldest active fire insurance provider in the world.

History of NZI Insurance:

  • 1984: New Zealand South British Group became known as NZI Corporation Limited.
  • 1981: NZI and the South British Insurance Company merged and became known as the New Zealand South British Group.
  • 1921-1936: NZI acquired Eagle, Star and the British Dominions Insurance Company, as well as a major interest in the United Scottish Insurance Company.

History of NZI Insurance continued:

  • 1905: NZI acquired the New Zealand Accident Insurance Company.
  • 1860s: NZI underwent a period of rapid expansion, establishing branches in most Australian capital cities as well as around the globe.
  • 1859: Australian arm of General Accident plc, the New Zealand Insurance Company (NZI) founded in Auckland, New Zealand.
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