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…
Corporate
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…
Centrepoint returns to profit
25 August 2014
Centrepoint Alliance has emerged from three years of losses, reporting strong growth in premium funding…
Ecclesiastical reports turnaround in Ansvar
25 August 2014
Ansvar returned to profit in the first half and continues to improve, according to CEO Warren Hutcheon…
Ebix signs up nurses
25 August 2014
Ebix has signed a contract with the Australian Nursing & Midwifery Federation to provide continuing professional development courses to members…
Suncorp loses director to ANZ
25 August 2014
Suncorp non-executive director Ilana Atlas has resigned after more than three years on the board…
Suncorp ready to fight on all fronts: Snowball
18 August 2014
Suncorp is well placed to see off aggressive competition in domestic and commercial lines, according to CEO Patrick Snowball…
Zurich Australia GI secures record profit
18 August 2014
Zurich Australia General Insurance has reported a record half-year business operating profit of $99 million, aided by a benign catastrophe environment…
Gallagher restructures, appoints COO
18 August 2014
Arthur J Gallagher Australia has promoted Sarah Lyons to COO as it moves to integrate its Australian broking teams…
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…
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…