CommInsure GI business grows 9%
17 February 2014
CommInsure’s general insurance business has reported annual gross written premium of $650 million for the six months to December 31, up 9% on the corresponding period in 2012…
Corporate
AM Best raises Guild Insurance outlook
17 February 2014
AM Best has upgraded its outlook for Guild Insurance from stable to positive…
GIO scores AFL partnership
17 February 2014
GIO Business Insurance will display signs at Australian Football League venues as part of a new partnership…
Commission cut drives down iSelect shares
17 February 2014
Shares in online comparator iSelect slumped to their lowest level in more than two months after the company revealed a cut in commissions would reduce earnings…
Red Planet eyes Asian invasion
17 February 2014
Premium funding software supplier Red Planet Software says it aims to expand into Asia…
Whitbread appoints non-family CEO
17 February 2014
Whitbread Insurance Brokers has appointed Stephen Jones as CEO, ushering in a new era for the Melbourne company…
Meals on Wheels rolls out underwriting agency
17 February 2014
The NSW Meals on Wheels Association has launched an underwriting agency to insure more than 700 non-profit organisations across Australia…
QBE moves Emmett to executive role
10 February 2014
QBE has promoted Mike Emmett to the new role of Group Executive Officer, Operations, responsible for overseeing the group’s transformation program…
Tower Chairman warns of risk in IAG-Lumley deal
10 February 2014
IAG’s bid to buy Lumley from Wesfarmers will add significant risk to the New Zealand market, Tower Chairman Michael Stiassny says…
Assetinsure to stay independent after takeover
10 February 2014
Ironshore Australia staff will move into the Sydney offices of acquisition target Assetinsure once the deal is approved by the regulator, but the two companies will continue to operate separately…
Austbrokers buys Magic Millions insurance operation
10 February 2014
Austbrokers has bought the insurance arm of thoroughbred auction house Magic Millions, which will be incorporated into specialist bloodstock insurer HQ Insurance…
iSelect cuts commissions in deal with insurer
10 February 2014
Online comparator iSelect has signed a two-year distribution agreement with Auto & General Services that cuts commission rates while allowing it to sell a wider range of products…
Broker joins forces with accountants Bell
10 February 2014
MGA Insurance Brokers and accountancy firm Bell Partners have launched a joint venture…
Engineer shortage slows Western Pacific liquidation
10 February 2014
A shortage of engineers is hampering claims assessment for the liquidators of New Zealand insurer Western Pacific, which failed in 2011 after the Canterbury earthquakes…
Tower predicts stronger growth in New Zealand
10 February 2014
Tower CEO David Hancock says gross written premium growth in New Zealand is returning to about 5%, last seen before the Canterbury earthquakes…
Genworth hopeful on Australian IPO
10 February 2014
US-based Genworth is “optimistic” market conditions will allow it to proceed this year with an initial public offering on up to 40% of its Australian mortgage insurance business…
Ebix settles class action to ‘eliminate uncertainties’
10 February 2014
Insurance technology specialist Ebix has agreed to pay $US6.5 million ($7.2 million) to settle all claims in a shareholder class action filed in 2011.…
Allianz Global Assistance names technical chief
10 February 2014
Allianz Global Assistance has appointed Matthew Clayton as Chief Technical Officer for its Australian business…
Austbrokers absorbs IAA agencies
03 February 2014
Austbrokers subsidiary Austagencies has entered into an exclusive heads of agreement to acquire underwriting agencies operated by member company Insurance Advisernet…
Stream listing bolsters Cerno transformation
03 February 2014
Claims services company Stream is to list on the Australian Securities Exchange next month as it progresses its integration with major loss adjuster Cerno…