US review clouds QBE outlook: S&P
26 May 2014
Standard and Poor’s has affirmed its A+ insurer ratings for QBE, but the outlook remains negative as the insurer reviews its North American business…
Corporate
Insurance lifts Ruralco earnings
26 May 2014
Ruralco says its general insurance business delivered “solid” growth in its first half, contributing to an overall rise in company earnings…
Marshall moves into integration role
26 May 2014
Former Australis Group CEO Gary Marshall has been appointed Head of Integration and Transformation in Arthur J Gallagher Australia’s underwriting division…
Westpac’s Glossat joins Coverforce
26 May 2014
Commercial insurance broker Coverforce has appointed Jim Glossat as COO…
Calliden to roll out niche personal lines agency
26 May 2014
Calliden is on track to launch a personal lines agency in July, CEO Nick Kirk told the company’s annual general meeting last week…
S&P sings Ace’s praises as ratings rise a notch
26 May 2014
Standard & Poor’s has upgraded Swiss-based insurer Ace Group’s counterparty credit rating from A to A+…
Strong start for Genworth shares
26 May 2014
Shares in Genworth Mortgage Insurance were trading at $3.01 this morning after listing on the Australian Securities Exchange last week well above their $2.65 issue price…
Profit dips but Allianz makes most of claims experience
19 May 2014
Allianz Australia’s first-quarter profit fell 7% but it achieved underlying growth thanks to slight premium rises and a favourable claims environment…
Ebix global revenue down, but roadshow goes on
19 May 2014
Global insurance industry software and e-commerce services supplier Ebix has reported a 2% slide in revenue for the March quarter, mainly due to slowing business activity in Europe…
Genworth shares priced
19 May 2014
Investors will pay $2.65 per share in Genworth Lenders’ Mortgage Insurance, which is due to list on the Australian Securities Exchange tomorrow…
QBE buys remaining Elders stake
19 May 2014
QBE has taken total ownership of Elders Insurance after last year increasing its stake to 90%…
CommInsure business improving
19 May 2014
Commonwealth Bank says premiums for its general insurance and life businesses increased 1% during the March quarter…
No decision yet to expand to NZ: Youi
19 May 2014
South African personal lines insurer Youi says there has been “no fundamental decision yet” whether to enter the New Zealand insurance market…
Axa Australia takes remaining GI business to French subsidiary
19 May 2014
Axa Insurance Australia is planning to transfer its remaining general insurance business to the French-owned Axa Corporate Solutions Assurance…
IAG to broaden offering with Lumley NZ takeover
12 May 2014
IAG sees great scope to expand through the takeover of Lumley New Zealand, IAG NZ CEO Jacki Johnson says…
Liquidator tells court of brokerage’s embezzlement
12 May 2014
The NSW Supreme Court has been told of fictitious policies and embezzlement from the trust account of All Class Insurance Brokers…
Austbrokers targets ‘sweet spot’ of older brokers
12 May 2014
Older brokers present the ideal opportunity for Austbrokers as it continues to pursue acquisitions…
AFA moves underwriting to Allianz
12 May 2014
Underwriting agency AFA Insurance has switched underwriters from Lloyd’s and Hollard to Allianz Australia…
Services personnel fear DSHI axe
12 May 2014
Members of the armed services community would be “bitterly disappointed” if the Federal Government scraps the Defence Service Homes Insurance Scheme, according to…
Quake claims slow Western Pacific liquidation
12 May 2014
The liquidation of failed New Zealand insurer Western Pacific will take until at least 2016, as loss adjusters deal with Canterbury earthquake claims…