Youi GWP soars ahead of expansion bid
24 March 2014
Direct insurer Youi has reported a 70% rise in gross written premium for the six months to December 31, while its South African parent has flagged plans to expand the brand…
Corporate
S&P affirms IAG’s debt ratings
24 March 2014
Standard & Poor’s has affirmed IAG’s issuer credit rating at A and its subsidiaries’ financial strength and issuer credit ratings at AA. Their outlooks remain stable…
Wesfarmers still not committed to selling brokerages
17 March 2014
The sale of Wesfarmers’ insurance broking operations has not yet been decided, although the signs are clear that the conglomerate is keen to sell if it can reap a substantial profit…
Suncorp slams IAG purchase of Lumley NZ
17 March 2014
Suncorp has urged New Zealand’s Competition Commission to refuse IAG’s proposed acquisition of Lumley NZ…
Higher greenback hurts Ebix
17 March 2014
Software provider Ebix Australia performed well last year, CEO Leon d’Apice told insuranceNEWS.com.au after the release of the parent company’s annual profit…
Ansvar recruits new CEO
17 March 2014
Ansvar Insurance has appointed Warren Hutcheon as CEO…
Sportscover denies Lloyd’s capacity troubles
17 March 2014
Sportscover has denied a London media report suggesting the syndicate owned by the Melbourne-based underwriting agency may have difficulties with maintaining its capacity at Lloyd’s…
West joins Hollard board
17 March 2014
Duncan West has joined the board of Hollard Insurance…
QBE recruits Woolworths company secretary
17 March 2014
QBE has appointed Woolworths executive Peter Horton as Group General Counsel and Company Secretary…
IAG raises $350 million for Wesfarmers deal
17 March 2014
IAG has raised $350 million from institutional investors to help fund its acquisition of Wesfarmers Insurance’s underwriting business…
iSelect appoints ex-surgeon as CEO
17 March 2014
Comparison website iSelect has appointed Alex Stevens as CEO…
QBE reduces Elders stake to 7.95%
17 March 2014
QBE has cut its stake in Elders to 7.95% from 10.23% through a series of sharemarket trades…
One GI role goes in Centric Wealth job cuts
17 March 2014
Financial Index Wealth Accountants has cut 45 jobs at Centric Wealth – including one position in the general insurance division – following its takeover of the business…
Wesfarmers to float broker business, says newspaper
10 March 2014
A weekend newspaper report says Wesfarmers is poised to float its insurance broking business on the Australian Securities Exchange, valuing the asset at more than $1 billion…
Honan gains Singapore broking licence
10 March 2014
Honan Insurance Group has been granted a broking licence from the Monetary Authority of Singapore, paving the way for the company to expand in the Asian financial centre…
Organic growth lifts JLT Australia profit
10 March 2014
JLT Australia’s profit grew 6.5% to $62.4 million last year on organic growth across the business…
Cairns broker attracts new capacity
10 March 2014
There are signs more capacity is entering the north Queensland market, with Joe Vella Insurance Brokers launching a new specialist broker to write commercial cover…
Loss adjuster McLarens to reopen in Australia
10 March 2014
International loss adjuster McLarens is returning to the Australian market…
Bidmead to lead Marsh’s multinational service
10 March 2014
Former Marsh Australia CEO David Bidmead will become the company’s Global Multinational Client Service Leader and chairman of its multinational executive committee…
Triton bulks up Australian team
10 March 2014
Triton Global is to launch a new loss adjusting operation at its Sydney office…