Ansvar reverses centralisation
08 September 2014
Faith and community care specialist Ansvar is to decentralise its operations and give more authority to relationship managers working with brokers…
Corporate
SUA grows plant and equipment
08 September 2014
Specialist Underwriting Agencies is rolling out mobile plant and equipment insurance after a gradual introduction to brokers…
Tasmania’s Scope joins IBNA
08 September 2014
Launceston-based Scope Insurance Brokers has joined Insurance Brokers Network Australia…
Austbrokers dips but lifts underlying profit
01 September 2014
Austbrokers has forecast profit growth of 5-10% for this financial year, after posting a 16% drop in statutory profit to $34.7 million for the year to June 30…
Steadfast to start underwriting agencies after Calliden deal
01 September 2014
Steadfast aims to launch two more underwriting agencies after last week’s announcement that it will acquire Calliden’s eight agency businesses…
Calliden profit rises as takeover decision looms
01 September 2014
Calliden says net profit grew 37% to $2.8 million in the first half, ahead of a shareholder vote on a takeover bid from Steadfast…
Resilium creates a spare RIB brokerage
01 September 2014
Suncorp-owned authorised representative distributor Resilium says its new broking arm, Resilium Insurance Broking, will provide clients with access to “out of the ordinary”…
Steadfast brokers hold onto their shares
01 September 2014
About 1.066 million Steadfast shares will be sold on market over the next 10 days after the company set up a facility for brokers to sell stock they acquired during its listing last year…
Centrepoint links with Steadfast
01 September 2014
Centrepoint Alliance has become a Steadfast preferred partner for supplying premium funding…
QBE raises $650 million
01 September 2014
QBE has raised $US600 million ($650 million) by issuing 64 million shares to institutional investors…
Cover-More targets Asia as profit soars
01 September 2014
Travel insurer Cover-More has reported net profit of $25.1 million for the year to June 30, up more than 50% on the previous year…
iSelect profit plunges after commission writedown
01 September 2014
Comparison website iSelect has reported a 53% drop in income due to a writedown of trail commission revenue…
QBE to cover flight examiners
01 September 2014
QBE Australia is to offer professional indemnity cover for Civil Aviation Safety Authority flight-testing officers…
Cerno farms out agriculture business
01 September 2014
Loss adjuster Cerno has sold its agricultural claims business as it continues to overhaul its operations…
IAG names commercial leadership line-up
25 August 2014
IAG has announced a new commercial insurance leadership team following its Wesfarmers acquisition and reorganisation of the Australian business…
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…
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…