Stream posts loss as rapid expansion backfires
07 September 2015
Claims services provider Stream Group has reported a net loss of $12.82 million for the year to June 30, as bad investments took their toll…
Corporate
CBL acquisition ‘opens doors’ for Assetinsure
07 September 2015
Assetinsure, the largest surety bond insurer in Australia, has been acquired by New Zealand-based specialty insurance and reinsurance group CBL Corporation…
Sports Underwriting teams up with Great Lakes
07 September 2015
Sports Underwriting Australia has struck an agency agreement with Great Lakes Australia after nine years with Calliden as its underwriting security provider…
Ironshore helps lift Fosun profits
07 September 2015
Fosun International’s insurance business made a net profit of 1.79 billion yuan in the half-year to June 30, up from 114.5 million yuan in the corresponding period last year…
AIG Australia holds rating
07 September 2015
Moody’s has affirmed the A2 insurance financial strength ratings of AIG’s Asia-Pacific subsidiaries, including AIG Australia…
MDA National teams up with AMA Queensland
07 September 2015
Medical defence mutual MDA National has announced a strategic alliance formalising it as the preferred medical indemnity insurer for the Australian Medical Association Queensland…
Genworth names new risk chief
07 September 2015
Genworth Australia has appointed Andrew Cormack as Chief Risk Officer, effective from October 1…
Austbrokers builds on non-broker assets
31 August 2015
Austbrokers has recorded a 2.5% increase in adjusted net profit after tax to $36.3 million, saying 23% of its profit is now derived from non-broking sources…
Steadfast eyes Asia as acquisitions drive growth
31 August 2015
Broker group Steadfast is looking to Asia after acquisitions pushed net profit up 68% to $42.1 million for the year to June 30…
Austbrokers acquires corporate broker
31 August 2015
Austbrokers has announced a partnership with corporate broker and risk adviser KJ Risk Group, as it continues to step up its growth strategy…
Ansvar helps UK parent post profit surge
31 August 2015
UK-based faith insurer Ecclesiastical Insurance Office nearly doubled its profit after tax to £35.3 million in the first half of this year, partly driven by its Ansvar Australia unit…
Moody’s may upgrade QBE ratings
31 August 2015
Moody’s has placed QBE Insurance Group’s Baa2 stable rating under review for an upgrade after action by the insurer to reduce financial leverage and lift earnings and profitability…
Move into general insurance pays off for Australian Unity
31 August 2015
Australian Unity’s general insurance revenue increased 46% to $1.8 million in 2014/15…
Humphreys takes helm at Steadfast IRS
31 August 2015
Steadfast GM Business Development Adrian Humphreys has taken over as MD of Steadfast IRS, the group’s Sydney hub…
iSelect profit jumps on diversified strategy
31 August 2015
iSelect has reported a 54% rise in net profit to $9.6 million for the year to June 30, driven by higher health insurance revenue and new businesses growth…
NZ tourism group partners with JLT, AIG
31 August 2015
New Zealand’s Tourism Industry Association has selected JLT and AIG as its preferred insurance and risk services partners for the next three years…
Windswept IAG records 41% profit plunge
24 August 2015
IAG’s net profit for the year to June 30 fell 41% to $728 million, reflecting a year of heavy storm activity on the east coast, including Tropical Cyclone Marcia in Queensland…
QBE ready to grow as profits soar
24 August 2015
QBE is in “better shape” and looking to grow, having transformed its operations and recorded a first-half profit increase…
Soft market hits Centrepoint premium funding
24 August 2015
Centrepoint Alliance’s insurance premium funding business has posted an underlying profit of $2.5 million for the year to June 30, down 52% amid a soft insurance market…
Willis targets resource sector with WA acquisition
24 August 2015
Willis Group Holdings has gained a foothold in the mining and resources sector with the acquisition of independent WA insurance broker CKA Risk Solutions…