CBL profit soars on underwriting gains
29 February 2016
New Zealand-based CBL Corporation has posted an 83% rise in net profit to $NZ35.5 million for last year, bolstered by strong underwriting results and improved claims management…
Corporate
Growing branch network helps PSC profit rise
29 February 2016
A combination of mature and start-up businesses have helped PSC Insurance Group report a half-year profit rise of 30% to $3.7 million, according to COO Rohan Stewart…
Lower rates hit Centrepoint Alliance
29 February 2016
Centrepoint Alliance’s insurance premium funding arm suffered a 15% drop in underlying pre-tax profit to $1.4 million for the six months to December 31, dragged down by lower commercial rates…
Western Pacific liquidation to ‘complete this year’
29 February 2016
The liquidator of New Zealand insurer Western Pacific expects to finish loss assessment on Canterbury earthquake claims by today – several months after its September 30 deadline…
New Lloyd’s coverholder takes to skies
29 February 2016
Catalyst Aviation Insurance, a new Lloyd’s coverholder in Australia, has been set up to focus on the aviation sector across the Asia-Pacific region…
iSelect reports growth in insurance comparisons
29 February 2016
iSelect says operating revenue for its general and life insurance business grew 20% to $13.3 million in the six months to December 31…
New agency takes on owner-builder market
29 February 2016
New underwriting agency Qiducia, led by industry veteran Sam Greco, is confident it can hold its own in the tough owner-builder warranty insurance market…
Coastal launches risk advisory practice
29 February 2016
Coastal Financial Services has opened a corporate and risk advisory business led by one of its directors, Derek Wickett…
Suncorp creates single insurance business
22 February 2016
Anthony Day is the big winner in the reorganisation of Suncorp’s operating model into three business units: Banking & Wealth, Insurance Australia and Insurance New Zealand…
IAG profit falls, but Harmer eyes brighter future
22 February 2016
IAG has reported profit of $466 million for the six months to December 31, down 19.5% on the corresponding period in 2014…
Zurich announces new commercial manager
22 February 2016
Zurich has appointed Steven Ord as EGM Commercial in Australia…
QBE names new NZ manager
22 February 2016
QBE has announced Bill Donovan will replace Ross Chapman as GM New Zealand from February 29…
IAG names new chairman
22 February 2016
Elizabeth Bryan has been appointed Chairman of the IAG board, taking over from Brian Schwartz from March 31…
Ash clouds smother Cover-More profit
22 February 2016
Travel insurer Cover-More’s net profit fell 31.1% to $8.2 million in the half-year to December 31, as volcanic ash disruption in Bali and a weak currency hit earnings…
CGU offers medical advice to rural customers
22 February 2016
CGU’s rural policyholders will benefit from a new partnership offering free access to medical second opinions…
Aon promotes Australasian chiefs
22 February 2016
Aon Risk Solutions has announced a new Pacific executive board structure designed to more closely align its Australian and New Zealand…
Gallagher CFO moves to Westpac
22 February 2016
Arthur J Gallagher CFO Sue Houghton is to become GM Insurance at BT Financial Group, Westpac’s wealth management arm…
World Nomads delivers $4.2 million profit for new owner Nib
22 February 2016
World Nomads Group has recorded an underlying operating profit of $4.2 million for the five months to December 31…
Combined to stop writing new business
15 February 2016
Combined Insurance will cease writing new business in Australia and New Zealand, its parent company has announced…
Suncorp calls ‘code red’ on claims costs after poor half-year
15 February 2016
Suncorp Group has reported a net profit of $530 million for the six months to December 31, down 16% on the previous corresponding period…