Underwriting agency Coverforce rebrands
18 August 2014
Sydney-based Coverforce Underwriting has changed its name to Quanta Insurance Group as part of an “aggressive strategy” to deliver greater value…
Corporate
CBA lifts insurance income
18 August 2014
Commonwealth Bank’s pre-tax insurance income grew 12% to $1.03 billion in the year to June 30, as the general and life divisions improved their results…
Victorian broker joins IBNA
18 August 2014
Ovens Valley Insurance Brokers of Myrtleford in northeast Victoria has joined the IBNA broker network…
Pen Underwriting signs on for growth
18 August 2014
Arthur J Gallagher’s new underwriting agency division will spend the next six months working on a consolidation and integration program it expects will make it more effective…
iSelect writes down trail commission revenue
18 August 2014
Comparator iSelect will wipe up to $14 million from its after-tax profit for last financial year, after trail commissions from health insurers were written down by $16-$20 million…
Zurich appoints commercial EGM
11 August 2014
Zurich Australia has appointed Adrian Riminton as EGM Commercial…
Steadfast takes stake in reinsurance broker
11 August 2014
Steadfast has bought a 50% stake in an Australian and New Zealand reinsurance brokerage previously owned by Canada’s Beach Capital Holdings…
WR Berkley rebrands
11 August 2014
WR Berkley’s local arm is to rebrand as Berkley Insurance Australia, in a bid to sharpen its positioning and focus…
QBE to ‘lobby hard’ on LMI capital relief
11 August 2014
QBE says it will campaign for big banks to be granted capital relief on lenders’ mortgage insurance…
Ex-Bankwest EGM joins Hollard holding company
11 August 2014
Hollard Australia Group has appointed former Bankwest EGM retail Mark Reid as CEO of its financial services holding company Greenstone…
Underwriter hits back over comparison site criticism
11 August 2014
The underwriter supporting a new car insurance comparison service has defended the project following criticism from major insurers…
Insured Group shareholder moves closer to takeover
11 August 2014
The takeover of Priority One Network Group has moved a step closer, with agricultural services company Conquest Agri completing due diligence on the company…
Broker boosts resources to launch comparison website
04 August 2014
Sydney-based broking and IT group Ensurance plans to launch a comparison website with the option of broker advice, after arranging a reverse takeover of a listed mining company…
QBE still a ‘buy’ despite lower profit forecast
04 August 2014
Analysts remain confident that QBE is a “buy” investment prospect despite its first-half profit forecast being lowered by 18% last week…
Top motor insurers attack comparison site
04 August 2014
Major insurers have demanded action against a new comparison website, which they allege has used their branding without permission…
Steadfast buys big stake in Ausure
04 August 2014
Steadfast Group has acquired 72.3% of Brisbane-based Ausure Insurance Brokers…
Austbrokers buys into WA broker, niche agency
04 August 2014
Austbrokers has bought 50% of Nexus Risk Services and a majority share in specialist underwriter Asia Mideast Insurance and Reinsurance…
Sportscover seeks new capital for Lloyd’s syndicate
04 August 2014
Melbourne-based international underwriting agency Sportscover has denied a UK media report that it will auction off its Lloyd's syndicate, but admits it is seeking new capital…
Opportunity knocks as IAG’s Indian partner plans share sale
04 August 2014
IAG could potentially profit from a decision by the State Bank of India to sell shares in its insurance and asset management units to meet tighter capital requirements…
FM Global announces structural change
04 August 2014
FM Global is to restructure its Australian operations as part of an international shake-up following a period of growth…