CGU is one of Australia’s largest general insurers.
They offer a wide range of commercial, rural and personal insurance products for individuals, families and large multi-national corporations.
They been protecting the Australian’s for over 140 years and have a proud tradition of supporting people through difficult times. Today, CGU is part of Insurance Australia Group – Australasia’s leading general insurance group. In December 2013 IAG announced the purchase of Wesfarmers underwriting businesses under it CGU umbrella, the units will be incorporated into the CGU, Chief Executive Officer, Peter Harmer, said the addition of WFI and Lumley confirms CGU’s position as the leading intermediated insurer in Australia.
He said the combined business would have enhanced scale and capability to meet the needs of its customers and partners, providing them with access to broader product offerings.
“These businesses have a lot in common, with long and proud histories, a heartland in regional and rural Australia, well known and respected brands, a strong presence in SME and a growing capability in the large corporates segment. The addition of WFI and Lumley also provides CGU with solid positions in attractive segments, such as commercial motor,” he said.
“WFI and Lumley have a lot in common with CGU, with long and proud histories, well known and respected brands, a strong presence in SME, and a growing capability in the large corporates segment.”
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