Extreme weather puts dent in Tower’s half-year profits
02 June 2014
NZ insurer Tower recorded a net profit of $NZ13.14 million ($12.1 million) in the half-year to March 31 – down more than 70% on the previous corresponding period…
Corporate
Apia offers health cover in tie-up with Nib
02 June 2014
Suncorp brand Apia has signed a distribution alliance with health insurer Nib in a drive to capture new markets…
CGU expects business as usual under IAG restructure
26 May 2014
Brokers and authorised representatives will notice little change under IAG’s organisational restructure, according to CGU CEO Peter Harmer…
Suncorp buys MTA Insurance
26 May 2014
Suncorp is to expand its motor reach with the acquisition of MTA Insurance, which sells motor and consumer credit cover through vehicle dealers…
JLT sets up China desk in Australia
26 May 2014
JLT has launched a “China Desk” to target Australian and Chinese companies…
Steadfast joins S&P/ASX 200 rich list
26 May 2014
Steadfast will be placed on the prestigious S&P/ASX 200 index tomorrow after listing on the Australian Securities Exchange less than 12 months ago…
Planned Cover launches Focus Underwriting
26 May 2014
Construction and professional risk specialist Planned Cover has launched the Focus Underwriting agency, with a professional office and medical pack as its first product…
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…
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…