CGU Insurance

{{Short description|Australian insurance company}} {{Use dmy dates|date=July 2019}} {{Infobox company | name = CGU Insurance Limited | logo = | size = | type = Subsidiary | industry = Insurance | foundation = {{start date and age |1998}} (through a global merger; 1851 initial foundation date) | location_city = Melbourne | location_country = Australia | key_people = Peter Harmer (CEO) | area_served = Australia and New Zealand | products = General, commercial, rural, vehicle, home and contents insurance, workers compensation, consumer credit insurance (CCI) | revenue = | operating_income = | net_income = | num_employees = Approximately 4,000 | num_employees_year = 2023 | parent = IAG | subsid = Swann Insurance, Mutual Community General Insurance (51% shareholdership) | homepage = {{URL|www.cgu.com.au}} }}

'''CGU Insurance Limited''' is an Australian intermediary-based insurance company and forms part of Insurance Australia Group (IAG).<ref>{{Cite web |title=Who we are |url=https://www.cgu.com.au/about-cgu/who-we-are |access-date=2023-01-13 |website=CGU Insurance}}</ref>

==Formation== CGU Insurance was formed through the global merger of Commercial Union plc and NZI's parent company, General Accident plc.<ref>{{Cite web |date=1998-11-17 |title=Insurance giant emerges |url=https://www.afr.com/politics/insurance-giant-emerges-19981117-k8fox |access-date=2023-01-13 |website=Australian Financial Review |language=en}}</ref> 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.{{citation needed|date=January 2023}}

==See also== * Combined Insurance

==References== {{Reflist}}

==External links== *{{official website|http://www.cgu.com.au/}} *[https://redemont.com/expertise/insurance-and-risk/ Insurance Lawyer]

Category:Insurance companies of Australia Category:Financial services companies established in 1998