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…
Corporate
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…
QBE makes North America profit pledge
03 March 2014
QBE Group CEO John Neal says his priority is to “stabilise returns and offer a predictable return to our shareholders”, after assuring markets the company’s North American…
Peiris hails record profit for Allianz Australia
03 March 2014
Allianz Australia increased profit by 6% to a record $519 million in the year to December 31…
Premium funding arm lifts Centrepoint performance
03 March 2014
Centrepoint Alliance’s insurance premium funding division has reported a 32% rise in pre-tax profit to $2.5 million for the six months to December 31…
Calliden profit jumps on transformation
03 March 2014
Calliden has revealed plans to enter niche personal lines, after profit soared during its transition from underwriting only to a managing general agency-niche insurer model…
Austbrokers sets up for future growth
03 March 2014
Broker group Austbrokers is confident of a stronger full-year profit after recording an after-tax net profit of $12.8 million in the first half…
iSelect earnings rise as CEO search narrows
03 March 2014
Comparator iSelect has met revised first-half earnings forecasts thanks to higher insurance revenues, and has drawn up a shortlist of candidates for its vacant CEO position…
Partnerships lift Cover-More profit
03 March 2014
Travel insurer Cover-More says first-half profit has soared on premium growth, e-commerce ventures and strong distribution partnerships with agencies such as Flight Centre…
French comes home as Ace Australia-NZ chief
03 March 2014
John French will return to Australia, where he began his insurance career with Ace, to become the company’s Country President of Australia and New Zealand.…
QBE brings in regional underwriting chief
03 March 2014
QBE has appointed Todd Wilhelm as Head of Underwriting Asia-Pacific, to drive growth in the region…
CGU changes to ‘see it through’
03 March 2014
CGU has revised its brand, with blue being dropped from the logo to leave a single green colour, and the tagline “see it through”…
Xchanging posts 10.1% profit rise
03 March 2014
Outsourcing company Xchanging has reported a 10.1% rise in adjusted operating profit to £55.5 million ($103.37 million) for last year…
Insured Group delisted as directors quit
03 March 2014
Insured Group will be delisted by the New Zealand Stock Exchange on March 7…
Altiora changes name to HostSure
03 March 2014
Altiora Insurance Solutions has rebranded as HostSure…