Ebix profit up despite currency headwinds
16 March 2015
Technology company Ebix has reported a 7% increase in profit for last year, despite the stronger US dollar affecting income from its Australian and Brazilian operations…
Corporate
Harmer to give IAG a technology focus
16 March 2015
The surprise temporary move by high-profile IAG executive Peter Harmer from CEO Commercial to a new role will see technology coming into sharper focus at the giant insurer…
Langham takes top regional post at XL Catlin
16 March 2015
XL’s Craig Langham will head up insurance in the region for the merged XL Catlin…
Youi predicts strong premium growth
16 March 2015
Youi is expected to deliver strong premium growth and achieve economies of scale this year after more than doubling earnings in the six months to December 31, according to South African parent Rand Merchant Insurance…
Steadfast completes $300 million fundraising
16 March 2015
Steadfast has raised $114 million from retail investors at $1.26 per share as part of a $300 million entitlement offer…
S&P cuts rating on QBE LMI
16 March 2015
Standard & Poor’s has downgraded its insurer financial strength and issuer credit ratings on QBE Lenders’ Mortgage Insurance to A+ from AA-…
Rural specialist Achmea expands
16 March 2015
Dutch insurer Achmea expects to sharply increase premiums written in Australia, according to its profit report for last year…
Strata Unit Underwriters replaces national chief
16 March 2015
IAG Commercial has appointed Ryan Houston as National Manager of Strata Unit Underwriters, the insurer’s specialist strata underwriting agency…
Clarification: JLT results
16 March 2015
An article in last week’s bulletin reporting on JLT’s financial results was incomplete and therefore inaccurate…
IAG executive joins move to Berkshire start-up
09 March 2015
Berkshire Hathaway Specialty Insurance Australia and New Zealand continues to attract top-level managers, with several more making the jump from established insurers…
Zurich targets mid-market with Z.stream upgrade
09 March 2015
Zurich has unveiled its Z.stream Commercial online platform, which lets brokers offer single or bundled solutions for industrial special risks and liability, commercial motor and motor fleet…
West becomes Hollard Chairman
09 March 2015
Industry leader Duncan West has been appointed Chairman of Hollard Australia…
Currency dip hits JLT’s Australasian operation
09 March 2015
The risk and insurance arm of JLT Australia and New Zealand has reported an 8% drop in total revenue to £114.1 million for last year, mainly due to the lower Australian dollar…
Zurich Australia names new Chairman
09 March 2015
Paul Bedbrook has been appointed Chairman of Zurich Financial Services Australia. He replaces Terry Paradine who will retire on March 31…
Lloyd’s appoints regional market development manager
09 March 2015
Lloyd’s has appointed Christopher Rummery to the new role of Senior Market Development Manager for the Asia-Pacific region…
Vero freshens up broker portal
09 March 2015
Vero has added new features to its broker portal after in-depth consultation with the industry…
Western Pacific pays out on quake claims
09 March 2015
Failed New Zealand insurer Western Pacific has allocated all its notified Canterbury earthquake claims to loss adjusters – a further step in liquidating the company…
Insurance House extends reach in NSW
09 March 2015
Broker Insurance House Group has expanded its northern NSW operations with the acquisition of RNB Insurance Brokers in Narrabri…
JLT expands rehab reach with Recovre deal
09 March 2015
JLT Australia’s acquisition of the Recovre Group gives the broker national coverage in workplace rehabilitation for the first time, plus a “significant” revenue increase, according to CEO Leo Demer…
Australian Reliance buys Centric GI portfolio
09 March 2015
Corporate insurance broker Australian Reliance has acquired the Centric General Insurance Services portfolio…