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Corporate

Law change lets CBL step in to help builders

05 June 2017

New Zealand-based CBL Corporation is offering retention bonds to building companies following changes to rules governing retention payments in the construction industry…

Tower suffers first-half loss as catastrophes bite

29 May 2017

Takeover target Tower has reported a half-year loss of $NZ8.2 million, with its result hit by the Canterbury and Kaikoura earthquakes, the “Tasman Tempest” storms and Port Hills fires…

Swiss Re opens P&C underwriting hub

29 May 2017

Swiss Re has set up a combined property and casualty underwriting hub for Asia-Pacific, to tap into the region’s well-documented growth prospects…

S&P positive about ‘very strong’ QBE

29 May 2017

S&P Global Ratings retains a positive outlook for QBE based on an improvement in the group’s operating performance over the past 12 months and its “very strong” capital position…

Suncorp opens second concept store

29 May 2017

Suncorp has chosen the Brisbane suburb of Carindale as the site of its second concept store, after last December introducing the retail format at Sydney’s Parramatta Westfield centre…

QBE to improve smash repair network

22 May 2017

After a review of its motor claims division, QBE has released a “request for proposal” for smash repairers to join its network in metropolitan Sydney, Melbourne, Brisbane and Canberra…

Ruralco’s stake in Ausure pays off

22 May 2017

Agribusiness Ruralco, which owns a 50% interest in joint venture Ausure Consolidated Brokers, grew its net profit by 15% to $12.4 million in the half-year to March 31…

Stream reports $14 million loss

22 May 2017

Troubled claims services company Stream Group has reported a net loss of $14.25 million for the 12 months to June 30 last year…