Steadfast to start underwriting agencies after Calliden deal
01 September 2014
Steadfast aims to launch two more underwriting agencies after last week’s announcement that it will acquire Calliden’s eight agency businesses…
Corporate
Calliden profit rises as takeover decision looms
01 September 2014
Calliden says net profit grew 37% to $2.8 million in the first half, ahead of a shareholder vote on a takeover bid from Steadfast…
Resilium creates a spare RIB brokerage
01 September 2014
Suncorp-owned authorised representative distributor Resilium says its new broking arm, Resilium Insurance Broking, will provide clients with access to “out of the ordinary”…
Steadfast brokers hold onto their shares
01 September 2014
About 1.066 million Steadfast shares will be sold on market over the next 10 days after the company set up a facility for brokers to sell stock they acquired during its listing last year…
Centrepoint links with Steadfast
01 September 2014
Centrepoint Alliance has become a Steadfast preferred partner for supplying premium funding…
QBE raises $650 million
01 September 2014
QBE has raised $US600 million ($650 million) by issuing 64 million shares to institutional investors…
Cover-More targets Asia as profit soars
01 September 2014
Travel insurer Cover-More has reported net profit of $25.1 million for the year to June 30, up more than 50% on the previous year…
iSelect profit plunges after commission writedown
01 September 2014
Comparison website iSelect has reported a 53% drop in income due to a writedown of trail commission revenue…
QBE to cover flight examiners
01 September 2014
QBE Australia is to offer professional indemnity cover for Civil Aviation Safety Authority flight-testing officers…
Cerno farms out agriculture business
01 September 2014
Loss adjuster Cerno has sold its agricultural claims business as it continues to overhaul its operations…
IAG names commercial leadership line-up
25 August 2014
IAG has announced a new commercial insurance leadership team following its Wesfarmers acquisition and reorganisation of the Australian business…
Steadfast gears up for sell-down
25 August 2014
Steadfast has begun planning for September 1 and the possibility of millions of its shares being put up for sale…
Austbrokers takes stake in risk management group
25 August 2014
Austbrokers has acquired a 50% stake in risk management consultancy Risk Strategies, completing a second services acquisition for the cluster group’s insurance and risk services division…
Gallagher eyes agency growth
25 August 2014
Arthur J Gallagher sees opportunities to expand its underwriting agency business in Australia and may consider joint ventures announced by QBE last week…
Lower costs to curb premium rises: IAG
25 August 2014
IAG expects moderate premium rate growth this financial year, as a competitive market and subdued cost pressures curb increases…
QBE profit drops after Latin America struggle
25 August 2014
QBE’s first-half profit fell 18% to $US392 million ($365 million), in line with the company’s recent market warning, due mainly to claims reserve strengthening related…
QBE to cut stakes in LMI, agency businesses
25 August 2014
QBE will spin off its Australian lenders’ mortgage insurance (LMI) division and create joint ventures for two local agencies as part of a wider capital management plan…
Steadfast IRS recruits JLT’s ‘go-to guy’
25 August 2014
Steadfast IRS has appointed Harry Georgoulas as COO…
Allianz to provide capacity for Strata Community
25 August 2014
Allianz Australia has established a strategic venture with new underwriting agency Strata Community Insurance, with plans to grow its underwriting business in the sector…
Wesfarmers quits insurance on a high
25 August 2014
Wesfarmers’ insurance operation delivered a record performance in its final year under the group’s ownership, according to divisional MD Anthony Gianotti…