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…
Corporate
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…
JLT defies soft market to post solid result
04 August 2014
The stronger UK currency has resulted in a 6% rise in first-half profit for JLT Australia/New Zealand being translated into an 11% drop for the division in the London-based parent’s latest report…
Bumper housing market lifts Genworth
04 August 2014
Genworth Mortgage Insurance Australia has reported an underlying net profit of $133.1 million for the half-year to June 30 – a 40.7% increase on the previous corresponding period…
Premium funder responds to ‘shifting landscape’
04 August 2014
Centrepoint Alliance Premium Funding has announced four appointments as new entrants and market consolidation continue to alter the industry landscape…
Youi launches $60 million NZ drive
04 August 2014
Youi aims to shake up the New Zealand personal lines market with a $60 million investment in the country after obtaining its operating licence last week…
IAG lifts insurance margin prediction
28 July 2014
IAG has increased its insurance margin forecast after lower-than-expected natural peril claims, but it says gross written premium growth will be at the bottom of a previously flagged range…
Gen Re reshuffles Asia-Pacific managers
28 July 2014
General Reinsurance Australia MD Pietro Toffanello has taken on the additional role of Gen Re Property/Casualty Regional Manager for Asia-Pacific, as part of a regional restructure…
IAG creates New Zealand CRO role
28 July 2014
IAG has appointed Karl Armstrong to the new role of New Zealand Chief Risk Officer, while Travis Atkinson will return to the country to fill the vacated EGM NZI position…
Aon to advise school administrators on risk
28 July 2014
Aon Australia has signed a five-year agreement with the Association of School Business Administrators to raise the profile of risk management in the education sector…
Swiss Re names advisory board chairman
28 July 2014
Jillian Broadbent has become Chairman of the advisory board for Swiss Re Australia and joined the board of Swiss Re Life & Health Australia…
Capitalisation, new business aid Tower rating
28 July 2014
AM Best has awarded Tower Group a financial strength rating of A- for its general, life and health insurance businesses…
Lehane resigns from Zurich
21 July 2014
Zurich EGM Commercial Bobby Lehane has left the company, with CEO Daniel Fogarty saying a replacement will be named shortly…
Cutter leaves OAMPS as Godden begins Gallagher era
21 July 2014
Andrew Godden has been made CEO of US broker Arthur J Gallagher’s broking operations in Australia, including Gallagher Australia and the recently acquired OAMPS…
Assetinsure exits heavy motor
21 July 2014
Assetinsure has stopped providing heavy motor fleet cover to Specialist Underwriting Agencies…