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CGU Insurance Limited
Company type
Subsidiary
Industry
Insurance
Founded
1998; 26 years ago (1998) (through a global merger; 1851 initial foundation date)
Headquarters
Melbourne
,
Australia
Area served
Australia and New Zealand
Key people
Peter Harmer (CEO)
Products
General, commercial, rural, vehicle, home and contents insurance, workers compensation, consumer credit insurance (CCI)
Number of employees
Approximately 4,000 (2023)
Parent
IAG
Subsidiaries
Swann Insurance, Mutual Community General Insurance (51% shareholdership)
Website
www.cgu.com.au
CGU Insurance Limited is an Australian intermediary-based insurance company and forms part of Insurance Australia Group (IAG).[1]
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.
CGU Insurance sells its insurance products through a network of over 1,000 intermediaries, and more than 100 business partners. As of 2013[update], CGU employed over 4,000 employees located in over 75 branches and representative offices spread throughout Australia and New Zealand.[3]
^"Who we are". CGU Insurance. Retrieved 13 January 2023.
^"Insurance giant emerges". Australian Financial Review. 17 November 1998. Retrieved 13 January 2023.
^insurancebusinessmag.com: „BREAKING NEWS: BREAKING NEWS: Major insurer reveals latest acquisition“
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