CGU Insurance Limited is an Australian intermediary-based insurance company and forms part of Insurance Australia Group (IAG).[1]
Formation
CGU Insurance was formed through the global merger of Commercial Union plc and NZI's parent company, General Accident plc.[2] The global merger brought together two highly regarded insurers with almost 160 years of experience in Australia and New Zealand. The acronyms of those two insurers were melded together to form CGU which is subsequently no longer an acronym.
Operation
CGU Insurance sells its insurance products through a network of over 1,000 intermediaries, and more than 100 business partners. As of November 2024, CGU Insurance employs approximately 1,442 individuals across Australia and New Zealand.
See also
- Combined Insurance
External links
References
- Who we are CGU Insurance, retrieved 2023-01-13^
- Insurance giant emerges Australian Financial Review, 1998-11-17, retrieved 2023-01-13^