Dear policyholder/s,
There are some changes happening at CGU.
What’s happening?
Your policy with CGU is underwritten by the insurer Insurance Australia Limited (ABN 11 000 016 722) trading as CGU Insurance (IAL). As part of a strategic change, related company CGU Australia Pty Ltd (ABN 62 004 478 960) (CGUA) is applying with IAL to the Federal Court of Australia to transfer IAL’s intermediated insurance business into CGUA, on or about 1 October 2025 (the scheme). This will include CGU and your policy.
Transferring IAL’s intermediated insurance business into CGUA requires confirmation of the scheme by the Federal Court of Australia.
The scheme will not change the terms and cover provided by your policy. There will be no impact on claims, and policies will continue to operate and be renewed in the same way.
Click here for a copy of a Summary of Scheme document which provides you with further details of the proposed scheme and transfer of the intermediated insurance business.
You do not need to do anything if you have no objection to the scheme. Any further questions? If you have any questions please contact us or contact CGU on 1300 110 639 or email CGUALicence@iag.com.au.
