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…
Corporate
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…
Date set for Suncorp CEO handover
24 August 2015
Incoming Suncorp CEO Michael Cameron will take up the role on October 1…
QBE to increase stake in Indian venture
24 August 2015
QBE Group is to raise its stake in Indian joint venture Raheja QBE General Insurance Company to 49%, buying an extra 23% from partner Prism Cement for $21.5 million…
Asian expansion pushes up Cover-More profit
24 August 2015
Travel insurer Cover-More has reported net profit of $25.8 million for the year to June 30, up 13.7% thanks to expansion in Asia…
Technology expert to join IAG’s digital drive
24 August 2015
Former NBN Co chief information officer Claire Rawlins has been appointed Group Chief Information Officer at IAG…
New CRO leads senior appointments at Ansvar
24 August 2015
Ansvar Insurance has appointed former Ernst & Young executive director of financial services Vito Giudice as Chief Risk Officer…
Allianz appoints new head of TIO
17 August 2015
Allianz has appointed Daryl Madden as CEO of the Territory Insurance Office, effective from August 31…
Severe weather hits CommInsure result
17 August 2015
CommInsure says severe weather in NSW and Queensland contributed to a general insurance operating loss of $19 million for the year to June 30…
Steadfast expands debt capacity
17 August 2015
Steadfast has entered into a $285 million syndicated loan facility to expand its debt capacity…
SBI prepares for IAG deal
17 August 2015
IAG’s stake in a major Indian general insurance operation may be substantially increased before the end of the year…
Z.stream adds SME management liability
17 August 2015
Zurich has introduced a new commercial management liability product designed for SMEs with annual turnover of up to $50 million…
Tokio Marine moves into consumer travel
17 August 2015
Tokio Marine’s local arm has introduced an online consumer travel insurance brand to capitalise on Australians visiting Japan before the 2020 Olympic Games there…
Wesfarmers promotes former insurance chief
17 August 2015
Former Wesfarmers Insurance MD Rob Scott has been promoted to lead a new industrials division that combines the conglomerate’s chemicals, energy, resources and industrial safety businesses…
IAG recruits former Westpac exec to board
17 August 2015
IAG has appointed Westpac Foundation Chairman Jonathan Nicholson as an independent non-executive director, effective from September 1…
NZ auction website moves into insurance
17 August 2015
Trade Me, New Zealand’s biggest internet auction site, has teamed up with major insurer Tower on a new direct insurance offering…
Suncorp posts $1.13 billion profit
10 August 2015
Suncorp has reported net income of $1.13 billion for the year to June 30, up 55.2% on the previous year despite a huge hit from catastrophes…
Brokers to see ‘little impact’ from Berkshire deal: IAG
10 August 2015
IAG will not quit large commercial business following its partnership with Warren Buffett’s Berkshire Hathaway, a spokesman has told insuranceNEWS.com.au…
Austbrokers diversifies further with Allied Health deal
10 August 2015
Austbrokers has paid $8.6 million for a 60% stake in work health and safety rehabilitation service provider Allied Health Australia…
JLT names new country chairman
10 August 2015
JLT Australia has appointed Executive Director André Louw as its new Chairman…