CGU and NRMA are not structured so that one is under the other, but they are corporate sister companies operating under the exact same parent corporate entity, Insurance Australia Group (IAG). While NRMA primarily focuses on direct-to-consumer retail insurance lines across New South Wales and the ACT, CGU operates as a specialist commercial, rural, and broker-distributed insurance provider. Both share the ultimate financial stability and capital backing of the wider IAG group.
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