PSC acquisitions continue with healthcare group
21 August 2017
PSC Insurance Group is acquiring Brisbane-based broker Insurance Marketing Group of Australia and its related underwriting agency Medisure Indemnity Australia for more than $8 million…
Corporate
PSC appoints broking CEO
21 August 2017
PSC has promoted Patrick Miller to lead its wholly owned broking operation in Australia…
General insurance lifts iSelect result
21 August 2017
iSelect’s general insurance business recorded a solid performance in the year to June 30, to cushion the impact from subdued business in the life segment…
CBL’s reserve strengthening to hit profit
21 August 2017
CBL Corporation says first-half operating profit will miss company expectations by $NZ17.5 million due to a strengthening of insurance reserves…
AM Best revises Tower rating down
21 August 2017
AM Best has reaffirmed Tower Insurance Limited’s financial strength rating at A- but revised its under-review rating from “developing” to “negative implications”…
Record claims push FMG into the red
21 August 2017
New Zealand-based FMG recorded a $NZ3.25 million loss in the year to March 31 as high claims costs, including $NZ18 million from the Kaikoura earthquake, took a toll…
Loss adjuster sets up his own shop
21 August 2017
Experienced loss adjuster Terry Hogan has started his own specialist company, after 26 years in the business…
Airtasker offers flexible income protection
21 August 2017
Online jobs marketplace Airtasker has joined forces with Roobyx to offer income protection insurance underwritten by Lloyd’s for freelancers using the site…
SME cyber package tackles threat ‘head on’
21 August 2017
Cyber Plus has introduced a product offering small businesses complete coverage for cyber attacks, from preparation through to response…
Vero adds SME packages to online platform
14 August 2017
Vero has given brokers access to SME packages on the VeroEdge online platform…
Allianz’s Australian P&C profit jumps
14 August 2017
Allianz’s property and casualty operating earnings from Australia grew by one-third in the second quarter, according to figures in the parent company’s financial results…
AR network gathers under new brand
14 August 2017
The NAS/Westcourt group, Australia’s largest authorised representative network, has met for the first time under its new brand, Community Broker Network…
Ebix records strong Q2
14 August 2017
Ebix Australia has posted a strong second quarter and expects revenue to increasingly flow from new initiatives, MD Leon d’Apice says…
CommInsure GI income rises
14 August 2017
CommInsure’s general insurance income grew 9% last financial year, with higher renewals partly offset by increased weather-related claims…
Hannover Re renewal premiums slide on loss-free programs
14 August 2017
Hannover Re says property and casualty renewals were highly competitive for the mid-year period, with Australian and New Zealand price directions varying widely depending on loss experience…
Suncorp prices five-year debt transaction
14 August 2017
Suncorp says a $500 million debt transaction in the local market has been priced at a favourable level, with good support from investors after the company’s positive annual results…
Suncorp profit rises on Australian GI gains
07 August 2017
Suncorp’s earnings increased 3.6% to $1.08 billion last financial year after a jump in profit from the Australian insurance division due to pricing improvements and lower claims costs…
Swiss Re enters primary financial lines, casualty market
07 August 2017
Swiss Re Corporate Solutions is expanding into the primary Australian market for financial lines and casualty insurance…
Genworth first-half profit drops
07 August 2017
Genworth Mortgage Insurance’s first-half net profit fell 34.7% to $88.7 million, reflecting lower sales and revenue…
Tower ‘can survive’ without Vero deal
07 August 2017
New Zealand’s Commerce Commission has released the detailed reasoning for its decision to block Vero’s acquisition of Tower, saying there are other viable options for the target group…