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…
Corporate
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…
HDI-Gerling adds to Victorian branch
09 February 2015
HDI-Gerling has assembled an underwriting team led by industry veterans at its new Melbourne office, which opened today…
QBE announces reporting changes, US expansion
09 February 2015
QBE is set to report its divisional performance prior to the impact of quota share cessions to captive reinsurer, Equator Re…
AIG Singapore CEO switches to NZ
09 February 2015
Mike Raines is the new CEO of AIG Insurance New Zealand…
New CFO joins Cover-More
09 February 2015
Mark Steinberg has taken up the position of CFO and Company Secretary at travel insurer Cover-More…
Top managers move as Berkshire insurer sets up
02 February 2015
Berkshire Hathaway Specialty Insurance Australia and New Zealand has made an impact in the local market even before it obtains an operating licence, poaching key managers from rival companies…
Austbrokers warns of weaker earnings, Steadfast confident
02 February 2015
The share prices of both Austbrokers and Steadfast have been hit after the former warned of weaker earnings in the year ahead…
AIMS GM to step down
02 February 2015
Martin McAvenna will retire as GM of Austbrokers & IBNA Member Services on June 30 after almost six years in the role and more than 40 years in the insurance industry…
QBE parts with US businesses
02 February 2015
US specialty insurance broker Alliant Insurance Services is to acquire the three managing general agents that comprise QBE US Agencies…
New Lloyd’s Australia chief takes reins
02 February 2015
Lloyd’s new General Representative for Australia Chris Mackinnon starts in the role this week…