CGU Insurance
Encyclopedia
CGU Insurance Limited is an Australian intermediary
-based insurance company and forms part of Insurance Australia Group
(IAG).
CGU Insurance was formed through the global merger of Commercial Union plc and NZI
's parent company, General Accident plc. The global merger brought together two highly regarded insurers with almost 160 years of experience in Australia. 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. CGU employs over 4,000 employees located in over 75 branches and representative offices spread throughout Australia.
Intermediary
An intermediary is a third party that offers intermediation services between two trading parties. The intermediary acts as a conduit for goods or services offered by a supplier to a consumer...
-based insurance company and forms part of Insurance Australia Group
Insurance Australia Group
Insurance Australia Group Limited is an Australian publicly-listed company with its shares traded on the Australian Stock Exchange as ....
(IAG).
CGU Insurance was formed through the global merger of Commercial Union plc and NZI
NZI
NZI or New Zealand Insurance was formed in 1859 and is one of New Zealand's largest and longest-serving fire and general insurance brands. In January 2003 Insurance Australia Group purchased NZI when acquiring Aviva's general insurance business...
's parent company, General Accident plc. The global merger brought together two highly regarded insurers with almost 160 years of experience in Australia. 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. CGU employs over 4,000 employees located in over 75 branches and representative offices spread throughout Australia.