IAG releases property, motor repair quality report
05 March 2018
IAG carried out 43,478 inspections of motor vehicle repairs and 6200 inspections of property repairs in 2016/17…
Corporate
Sinking CBL appoints voluntary administrators
26 February 2018
CBL Corporation, which has been ordered into interim liquidation by the New Zealand High Court, has appointed KordaMentha as voluntary administrators…
AUB cashes in on hardening market
26 February 2018
AUB Group has reported a net profit of $23.8 million for the six months to December 31, up 91.5% on the corresponding period in 2016…
QBE parts with Latin American business, reports loss
26 February 2018
QBE will sell its Latin American business to Zurich Insurance Group for $US409 million as part of a wider overhaul to improve group performance…
Rate rises, expansion push up Steadfast profit
26 February 2018
Steadfast says profit grew 8.4% in the first half, driven by rising premiums, acquisitions and underwriting agency gains…
Acquisitions lift PSC half-year results
26 February 2018
PSC Insurance Group has reported a sharp rise in first-half net profit, up to $20.3 million from $5.2 million in the corresponding period of 2016, powered by solid performances from acquisitions made last year…
New Aon chief targets data benefits, emerging risks
26 February 2018
Aon’s incoming Australian CEO James Baum says analytics and emerging risks will be among his key areas of focus…
IAG names group technology chief
26 February 2018
Neil Morgan has been appointed to the newly created role of Group Executive Technology at IAG, responsible for tech strategy across the company…
Stream returns to profit
26 February 2018
Claims services company Stream made a net profit of $46,453 in the six months to December 31, compared with a loss of $343,492 in the corresponding period of 2016…
Crawford adds workers’ comp to Australian offering
26 February 2018
US-based claims management group Crawford & Company has added workers’ compensation to its service portfolio in Australia…
IAG raises guidance, flags retreat from Asia
19 February 2018
IAG has increased its margin guidance after first-half net profit grew 23.5% to $551 million, and has signalled its Asian businesses may be divested following a strategic review…
Suncorp blames storms, reforms for half-year profit dip
19 February 2018
Suncorp says investment in strategic programs, Victorian hailstorms and increased regulatory costs are to blame for a 15.8% drop in first-half profit to $452 million…
Allianz names broking team state bosses
19 February 2018
Allianz GM Broker Distribution Glen Drinnan has named new managers for the group’s broker and agency distribution team…
Ebix co-founder sets up IT consultancy
19 February 2018
Former Ebix Australia COO Simon Agar has left the insurance technology provider to start a consulting business…
CBL to ditch French business
19 February 2018
CBL Corporation is reviewing all “exit options” for its French construction insurance business and seeking legal recourse from the business’ vendors just over a year after sealing the €94.5 million purchase…
QBE splits off Asia-Pacific, Latin American results
19 February 2018
QBE will separately report results from its Asia-Pacific and Latin American operations in its annual earnings release next Monday…
General insurance shines for iSelect
19 February 2018
iSelect’s general insurance business enjoyed strong revenue growth in the half-year to December 31…
Whitbread moves ahead with new CEO, Chairman
19 February 2018
Whitbread Insurance Brokers has started the year with a new CEO and Chairman following its $95 million acquisition by Steadfast in December…
Zurich-backed insurtech start-up ‘well received’
19 February 2018
Former QBE senior executives Colin Fagen and Blair Nicholls have teamed up to establish a new underwriting agency aimed at bringing personal lines back to brokers…
Aon names new Australian chief
19 February 2018
Aon Risk Solutions Australia says James Baum will take over as CEO in the second quarter from Lambros Lambrou, who will move into a broader role with the global business…