SGIO (Western Australia)

SGIO is an insurance brand of Insurance Australia Group trading in Western Australia.[1]

For the insurance business in Queensland, see State Government Insurance Office (Queensland).

History

On 15 June 1926, the Western Australian Government established the State Government Insurance Office (SGIO) to provide workers’ compensation insurance to miners in the Kalgoorlie goldfields. Subsequently, other forms of insurance were offered through SGIO.[2]

In August 1992, the Lawrence government announced the SGIO was to be sold.[3] This was completed by the Court government in 1994.[4] In September 1998, Wesfarmers launched a takeover offer for SGIO having acquired a 15% shareholding.[5] The offer was withdrawn the next month, with Wesfarmers selling its shares to the NRMA.[6][7] In 1998, IAG purchased SGIO.[8]

Sponsorships

From 1988 until 2018, SGIO was a major sponsor of the West Coast Eagles.[9]

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References
  1. "Corporate information". SGIO Insurance. 21 April 2016. Archived from the original on 14 March 2018. Retrieved 28 April 2018.
  2. "History Timeline" (PDF). Western Australian Government. Archived (PDF) from the original on 13 March 2018. Retrieved 28 April 2018.
  3. SGIO to be sold by a public share float Premier of Western Australia 4 August 1992
  4. Public SGIO float fully underwritten Premier of Western Australia 7 February 1994
  5. Wesfarmers announces cash takeover offer for SGIO Insurance Limited Wesfarmers 10 September 1998
  6. Wesfarmers withdraws SGIO offer Wesfarmers 22 October 1998
  7. Wesfarmers sells SGIO shareholding Wesfarmers 23 October 1998
  8. "Our history | IAG Limited". www.iag.com.au. Archived from the original on 13 March 2018. Retrieved 28 April 2018.
  9. Newell, Daniel (15 June 2018). "WA insurer SGIO pulls major sponsorship deal with West Coast Eagles after 30-year partnership". The West Australian. Retrieved 16 August 2018.


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