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…
Corporate
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…
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…