IAG Finance (IAN)

Shares / Stock Code

IAN

Stock Exchange / Sharemarket

Australian Securities Exchange

IAG Finance (IAN) has the responsibility of raising finance for the New Zealand operations of the IAG Group, and for management of their ongoing treasury requirements. IAN is the issuer of Reset Exchangeable Securities (RES) and the proceeds of the issue are lent to IAG Portfolio Limited. The company was listed on the ASX on 12 January, 2005.

The Company intends to invest in companies in the financial services industry. As of December 31, 2008, the Company has neither engaged in any operations nor generated revenue. IAN is part of the IAG Group, which is one of the largest general insurance groups in Australia and New Zealand. Customers of IAN include small share funds, institutional and retail investors. IAN competes indirectly with the competitors of IAG such as AAMI and other general insurers.

The company has more than 2000 staff servicing a network of nationwide call centres, 28 sales centres and eight branches. Claims centres are located in Auckland, Hamilton, Wellington and Christchurch, with head offices in Auckland and Wellington.

IAG underwrites around $7.8 billion of insurance premiums each year. The Group employs around 13,500 people. In New Zealand, they offer the majority of their products under the State and NZI brands. State offers insurance cover for predominantly personal assets such as home and vehicle with policies sold directly to the public either via our 0800 number or at their sales centres around the country. NZI also specialises in providing business, rural and personal insurance through brokers.

IAG Finance (IAN) Products and Services

  • Raising finance for the New Zealand operations

IAG Finance (IAN) Locations and Subsidiaries

IAG Finance Head Office
Level 26, 388 George Street,
SYDNEY, NSW 2000
Phone: (02) 9292 9222
Fax: (02) 9292 8072

IAG Finance (IAN) Share Price

More about
Submitted by ASX Listed Company on 19 April, 2010 - 13:49

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