Guild’s outlook drops over underwriting performance concerns
06 March 2017
AM Best has revised its outlook for Guild Insurance from positive to stable due to its high and volatile combined operating ratio and highly competitive market conditions…
Corporate
LMI Group asset calculator draws UK interest
06 March 2017
LMI Group’s new tool for calculating business assets has drawn interest from UK insurers, with an Australian version now under development…
New Sura office targets SA growth
06 March 2017
AUB-owned underwriting agency Sura has opened an office in Adelaide to support its growth plans in SA…
Broking drives Australian Unity result
06 March 2017
Australian Unity’s general insurance business earned $1.1 million in operating revenue for the half-year to December 31, up 31.7% from the corresponding period of 2015…
AUB reports growth ‘across all divisions’
27 February 2017
AUB Group has reported adjusted net profit of $14.5 million for the six months to December 31, up 12.7% on the corresponding period in 2015…
QBE profit rises as market ‘remains challenging’
27 February 2017
QBE says net profit grew 5% to $US844 million last year as premiums started to improve in the Australian and New Zealand markets…
SME rates on the rise, Steadfast says
27 February 2017
Gross written premium placed by Steadfast network brokers grew 12.7% to $2.46 billion in the six months to December 31, as signs emerge of rising rates in the SME sector…
IAG first-half earnings drop as catastrophe costs mount
27 February 2017
IAG’s earnings declined 4.3% in the six months to December 31 as the Kaikoura earthquake in New Zealand and storms on both sides of the Tasman raised catastrophe costs…
Suncorp joins fight for Tower takeover
27 February 2017
Suncorp has entered a battle with Canada’s Fairfax Financial Holdings to buy New Zealand insurer Tower, after last week acquiring an 11.14% stake in the company…
AAMI moves into health insurance
27 February 2017
Suncorp brand AAMI has unveiled a suite of private health insurance products…
Bulked-up PSC triples income
27 February 2017
Last year’s acquisitions have made a solid contribution to PSC Insurance Group’s profitability, with net income reported at $5 million for the half-year to December 31, up 304% on the corresponding period in 2015…
One-off costs, currency changes hit CBL profit
27 February 2017
New Zealand-based specialty insurer CBL Corporation posted a 13.5% fall in net profit to $NZ30.7 million last year, hit by one-off expenses and currency headwinds…
Centrepoint profits from premium funding sale
27 February 2017
Centrepoint Alliance made a $4.5 million profit from the $21.4 million sale of its premium funding arm to the Bank of Queensland…
Sports Underwriting scores AIG partnership
27 February 2017
AIG Australia will become Sports Underwriting’s new underwriting partner, replacing Great Lakes Australia from April 1…
Ensurance signs third insurer to platform
27 February 2017
Broker and insurance technology group Ensurance says a third insurer has joined its platform offering household cover policies…
NTI branding makeover reflects wider interests
27 February 2017
National Transport Insurance has unveiled a new logo that reflects its expansion in transport and logistics markets…
Regional broker merges with Adroit
27 February 2017
Gippsland broker McNair Hurle Latrobe will merge with Adroit Insurance Group to become Adroit MHL Insurance Brokers…
Youi boss takes CEO role at sister company
27 February 2017
Youi Insurance Australia and New Zealand CEO Danie Matthee will step down in July to become CEO of Outsurance in South Africa…
Zurich names commercial chief in regional shake-up
20 February 2017
Zurich’s Asia-Pacific commercial insurance business will be led by Chris Waterman as part of the company’s shift to a simplified structure…
NTI adds 60 staff for marine launch
20 February 2017
About 60 staff will join Brisbane-based heavy motor specialist National Transport Insurance as it undertakes a major expansion into the marine insurance market…