MGA buys 40% stake in regional broker
10 November 2014
MGA Insurance Brokers has taken a 40% stake in Austbrokers RWA as it continues its expansion program and looks to increase its regional presence…
Corporate
Centrepoint rebrands mortgage unit
10 November 2014
Premium funder Centrepoint Alliance has renamed its mortgage broking division, as it looks to increase opportunities generated through the business…
QBE Re opens Bermuda branch
10 November 2014
QBE’s specialist reinsurance division is setting up an underwriting operation in Bermuda to write property and casualty treaty business…
Aon appoints growth MD
10 November 2014
Aon Risk Solutions Australia has appointed Giselle Walther as MD Growth Strategies…
Low rates, housing boom lift Genworth
10 November 2014
Lenders’ mortgage insurer Genworth expects to beat prospectus forecasts this year as low interest rates and a strong housing market lift profitability…
IAG ‘well placed’ to meet growth target
03 November 2014
IAG is confident it will meet its gross written premium growth forecast of 17-20% after a good start to the financial year and the continuing integration of the Wesfarmers insurance operations it acquired last December…
Steadfast aims to maintain growth
03 November 2014
Steadfast has changed “dramatically” in its first year as a publicly listed company, Chairman Frank O’Halloran told last week’s AGM in Sydney…
Zurich ‘needs to do better for brokers’
03 November 2014
Zurich Financial Services decided to restructure its underwriting operations because the present system does not serve brokers as well as it could, CEO Daniel Fogarty says…
Failed insurer’s claims blow out
03 November 2014
The estimated size of earthquake claims against failed New Zealand insurer Western Pacific has increased as assessments are finalised…
Westpac insurance income jumps
03 November 2014
Strong new business growth has underpinned a rise in general insurance earnings for Westpac, which today announced a $7.56 billion full-year group profit…
Expert report backs Steadfast bid for Calliden
03 November 2014
Independent expert Lonergan Edwards & Associates says Steadfast’s bid for Calliden is fair, reasonable and in the best interests of shareholders, in the absence of a better proposal…
Insurer revives full replacement house cover
03 November 2014
New Zealand insurer Tower says it will again offer full replacement cover for homes destroyed by fire with immediate effect…
Gallagher’s Pen Underwriting open for business
03 November 2014
Arthur J Gallagher’s new Pen Underwriting agency has been launched in Australia…
Lloyd’s Australia MD moves to Steadfast
03 November 2014
Lloyd’s Australia MD Adrian Humphreys will join major broker group Steadfast in January as GM Business Development…
Liberty grows surety business
03 November 2014
Liberty International Underwriters is to expand its Asia-Pacific surety operations…
Suncorp looks to build on growth
27 October 2014
Suncorp has targeted revenue growth of 4-6% this financial year after an excellent result last year and “good progress against our market commitments”, CEO Patrick Snowball says…
Steadfast confident Calliden bid will be supported
27 October 2014
Steadfast CEO Robert Kelly has urged Calliden shareholders concerned about a takeover offer from the broking group to wait until they have read official offer documents before making a judgement…
WA broker group eyes east coast expansion
27 October 2014
Former Allianz southern region commercial manager Tony Goldsmith has been appointed Head of Distribution and Sales for Perth-based diversified insurance company…
Brokers unite to form Steadfast hub
27 October 2014
Network Insurance Group has been launched as a Steadfast hub in Victoria after a series of acquisitions by broker GWS at the start of this year…
AIG adds travel products to aggregator
27 October 2014
AIG travel insurance quotes are now available on aggregator website compareinsurance.com.au, which features 22 travel cover brands and about 160 policies…