CBL changes ASX listing status
12 September 2016
New Zealand-based credit and financial risk insurer CBL Corporation has changed its Australian Securities Exchange listing category to “foreign exempt issuer”…
Corporate
Claims blowout forces Tower to lift Canterbury provisions
12 September 2016
Tower expects to increase its Canterbury claims provisions after a Deloitte review found its costs have blown out due to unexpected increases in new Earthquake Commission claims and growing litigation and disputes…
Youi fraud accusations ‘risk damaging industry brand’
05 September 2016
Allegations that Youi staff in Australia used unscrupulous sales tactics have triggered industry concerns about the severity of the issue and its wider ramifications for other insurers…
AIG sells its PNG operation
05 September 2016
AIG has sold its Papua New Guinea operations in a management buyout…
Centrepoint helps charities through fee donations
05 September 2016
Premium funder Centrepoint Alliance will make donations to two aligned charities in a program linked to application fees…
JLT chief sees upbeat future for diligent small brokers
05 September 2016
Small business brokers will have a positive future in the insurance industry if they continue to focus on clients’ needs, according to JLT Group CEO Dominic Burke…
Tesla’s electric cars in Australia get unique insurance
05 September 2016
Tesla Motors has begun offering insurance products designed for its electric cars in Australia – the second Asia-Pacific market after Hong Kong to offer the after-sales service…
QUS acts on NSW strata legislation
05 September 2016
Strata insurer QUS will offer $20 million public liability cover for all NSW strata risks from the end of November, in response to new legislation…
iSelect makes gains in insurance revenue
05 September 2016
Comparator iSelect’s life and general insurance operating revenue grew 33% to $32 million in the year to June 30…
Ensurance cuts loss, but running costs blow out
05 September 2016
Broker and insurance technology group Ensurance made a $1.75 million net loss for the year to June 30 as higher running costs negated a rise in revenue…
Genworth announces new company secretary
05 September 2016
Genworth Mortgage Insurance Australia has appointed General Counsel Prudence Milne as Company Secretary following the resignation of Luke Oxenham from the position…
AUB hails diversification strategy as profit rises
29 August 2016
AUB Group has reported net income of $42 million for the year to June 30, up 20.4% on the previous year…
Steadfast announces strong result, Singapore cluster launch
29 August 2016
Broker network Steadfast has unveiled a significant increase in net income despite challenging market conditions, and will set up a Singapore cluster group within weeks as it targets further growth in Asia…
PSC full-year result exceeds expectations
29 August 2016
Organic growth, cost reductions and increasing scale were major contributors to PSC Insurance Group’s 70% profit surge last financial year…
Centrepoint premium funding rises above tough landscape
29 August 2016
Centrepoint Alliance’s insurance premium funding arm overcame tough business conditions to record a 22% rise in pre-tax net profit to $2.5 million for the year to June 30…
Ansvar records first-half loss amid claims reserves impact
29 August 2016
Church and heritage insurer Ecclesiastical says its Australian Ansvar business posted a £1.3 million first-half underwriting loss after interest rates weakened, despite consistent performance in the underlying operations…
AUB reveals latest risk services acquisition
29 August 2016
AUB’s equity partner Altius Group has acquired WA injury management specialist PeopleSense…
CBL eyes growth in Australia as profit dips
29 August 2016
New Zealand-based CBL Corporation expects Australia and other foreign markets including southeast Asia to drive earnings after reporting a decline in half-year profit…
Chubb enhances mobile P&E cover
29 August 2016
General liability is among the latest inclusions in Chubb’s mobile plant and equipment cover…
Niche dominance supports QBE LMI rating
29 August 2016
Fitch has affirmed its rating and stable outlook for QBE’s lenders’ mortgage insurance business, despite expecting absolute profit to fall…