Rates unlikely to harden this year: IAG
23 February 2015
IAG does not expect significant upward pricing pressure in the next six months, MD and CEO Mike Wilkins says…
Corporate
Genworth shares down after Westpac cancels deal
23 February 2015
Genworth Mortgage Insurance Australia’s shares have slumped more than 20% to $3.305 after it announced the loss of a major contract…
Cover-More profits rise as expansion pays off
23 February 2015
Travel insurer Cover-More has reported a 26.6% rise in net profit after tax to $11.9 million for the six months to December 31…
Steadfast launches retail offer after raising $186 million
23 February 2015
Steadfast has completed an $89 million placement to institutional investors and a $97 million institutional entitlement offer…
IAG picks Cover-More as NZ insurance partner
23 February 2015
Cover-More has secured a deal to provide IAG customers with travel insurance and medical assistance in New Zealand…
Steadfast builds as it announces revenue jump
16 February 2015
Steadfast has surprised the local market with today’s $300 million-plus swoop on QBE’s underwriting agencies, a related brokerage and most of the substantial assets of founding member IC Frith…
Suncorp warns of impact from economic slowdown
16 February 2015
Suncorp Group CEO Patrick Snowball says a slower economy will lead to lower growth in coming months…
Zurich names new Asia-Pacific Chairman
16 February 2015
Zurich Insurance Group Chief Investment Officer Cecilia Reyes will take on the additional role of Regional Chairman Asia-Pacific, replacing Geoff Riddell from April 1…
Latevo seeks agents for crop cover
16 February 2015
Crop insurer Latevo International is seeking more brokers to distribute its product nationally, having decided to abandon its former direct market approach…
Brisbane storm tears chunk from Commonwealth result
16 February 2015
Commonwealth Bank recorded insurance income of $416 million for the half-year to December 31, up 8% on the corresponding period in 2013…
Genworth builds profit, warns over unemployment
16 February 2015
Genworth Mortgage Insurance Australia has urged caution for this year, despite exceeding profit expectations since floating last May…
Vero joins Qantas rewards scheme
16 February 2015
Vero has partnered with Qantas to let SME customers buying insurance products to earn loyalty points linked to the airline’s Aquire rewards program…
Chinese investor finalises Ironshore stake
16 February 2015
Investment group Fosun has finalised the purchase of a 20% stake in Bermuda-based insurer Ironshore for $US463.83 million ($597.48 million)…
Club Marine fills new COO role
16 February 2015
Nora Watkins has been appointed to the new position of COO at recreational boat insurer Club Marine…
Viewers go ape, but insurers’ ads stay on air
16 February 2015
Media regulators have dismissed consumer complaints about adverts for Budget Direct and Bingle, and the insurers will not be taking their campaigns off the air.…
Sterling announces new CEO
09 February 2015
Sterling Insurance has promoted Chris Dardaneliotis to CEO, replacing Tony Parington, who has become Chairman…
NM targets commercial marine market
09 February 2015
NM Insurance has expanded its commercial marine offering with the launch of the new brand, Proteus Marine…
Snowball faces fresh scrutiny over departure date
09 February 2015
Suncorp Group CEO Patrick Snowball is likely to face questions on the timing of his departure at Wednesday’s half-year results briefing…
Stream completes Cerno merger
09 February 2015
Stream Claims Services has finalised its merger with Cerno by issuing more than 6 million class-A performance shares to the loss adjuster’s shareholders…
Internal change gives WR Berkley a boost
09 February 2015
US-based insurance and reinsurance group WR Berkley has reported a net profit of $US648.9 million ($833 million) for last year, with the group’s Australian operations reporting “increased traction in the marketplace” as the result of an important internal change…