IAG restates profit after restructure
01 December 2014
IAG has restated its profit to reflect the company’s takeover of Wesfarmers Insurance’s underwriting business in July…
Corporate
Centrepoint hails eastern promise
01 December 2014
Centrepoint Alliance’s premium funding volumes in the eastern states are up 31% so far this financial year, the company’s AGM heard last week…
Tower profit falls following divestments
01 December 2014
New Zealand insurer Tower’s net profit fell 32% to $NZ23.6 million ($21.71 million) in the year to September 30, reflecting abnormals and the sale of businesses…
Ironshore extends terrorism capacity
01 December 2014
Ironshore Australia can now offer terrorism and sabotage coverage of more than $300 million, after gaining access to the group’s global program…
Calliden cuts profit target
01 December 2014
Calliden has reduced this year’s net profit target to $6-$7 million, before transaction costs relating to the proposed takeover by broker cluster group Steadfast…
Manheim appoints Australasia MD
01 December 2014
Vehicle auctioneer Manheim has appointed Campbell Jones to the new position of MD of Manheim Australia and New Zealand…
Some premiums will rise as Allianz takes over TIO
24 November 2014
Premiums for higher-risk properties in the Northern Territory will almost certainly rise once the Territory Insurance Office is privatised, industry sources have told insuranceNEWS.com.au…
Three-horse race for QBE underwriting agencies
24 November 2014
Steadfast, Austbrokers and Arthur J Gallagher are understood to be at the forefront of bidders for QBE’s underwriting agencies…
Resilium broking arm welcomes first adviser
24 November 2014
Resilium Insurance Broking has signed up its first authorised representative practice, Brisbane-based Goldsworthy Investments…
Lloyd’s underwriter Talbot opens Australian operation
24 November 2014
Talbot Underwriting will look to replicate its specialty business when it opens an Australian office on January 28…
IAG names NZI management line-up
24 November 2014
IAG has announced its New Zealand intermediated leadership team, after taking over Lumley through the Wesfarmers Insurance acquisition…
Gardian Insurance signs up with IBNA
24 November 2014
Gardian Insurance Services, based in Mackay, Queensland, will join Insurance Brokers Network Australia on December 8…
Sportscover targets growth after Hamilton deal
24 November 2014
Melbourne-based Sportscover is seeking acquisitions after agreeing to sell control of its Lloyd’s managing general agency Syndicate 3334 to Bermudian company Hamilton Insurance…
Ruralco insurance profit rises
24 November 2014
Ruralco says its insurance operations performed well in the year to September 30, helping to offset weakness in its financial services division…
CGU appoints state managers
17 November 2014
CGU has named state managers in its broker business and announced a number of national appointments as it reorganises following parent IAG’s Wesfarmers Insurance acquisition…
New leadership team moves up at EBM
17 November 2014
EBM Insurance Brokers has announced a new leadership team to take the company into its 40th anniversary next year…
Stream, Cerno announce joint branding
17 November 2014
Claims service provider Stream and loss adjuster Cerno will unite under a single brand after the expected completion of their financial merger…
Acquisition doubles Arch’s Australian presence
17 November 2014
Arch Insurance Europe has acquired Melbourne-based managing general agent Resource Underwriting Pacific…
Meerkat eyes north Queensland move
17 November 2014
Compare the Market says it can design a comparison website for north Queensland home and contents insurance within the Federal Government’s tight timeframe…
AIG expands D&O cover
17 November 2014
AIG has made its broadest directors’ and officers’ liability cover available to financial institution clients following three years of research into the claims environment…