Underwriting purchases ‘on radar’ for Steadfast
24 February 2014
Steadfast is pursuing underwriting acquisitions and investigating a move into retail lines…
Corporate
Strong performance boosts IAG
24 February 2014
IAG’s profit grew to $642 million in the six months to December 31, up 39% on the corresponding period in 2012, with MD Mike Wilkins saying rate increases are slowing…
Macquarie resurrects Pacific premium funder brand
24 February 2014
Macquarie Premium Funding today rebranded as Macquarie Pacific Funding, a move CEO Stuart White says acknowledges its “dual heritage”…
Suncorp sets strategy to grab commercial business
24 February 2014
Suncorp Group will benefit from rising investment yields, lower reinsurance prices and market disruption this year, according to CEO Patrick Snowball…
Quake costs dent Wesfarmers Insurance earnings
24 February 2014
Wesfarmers Insurance earnings fell 4.8% to $99 million in the first half of this financial year, as Christchurch earthquake cost estimates increased…
The underdog days are over, says Premium Funding
24 February 2014
A privately owned premium funding company says it is “right up there with the majors” thanks to its investment in innovation and technology…
McKenzie takes Cerno operations role
24 February 2014
Cerno has appointed Don McKenzie as Acting COO, adding to his Executive Director – Transformation role as the loss adjuster overhauls its business…
Austbrokers diversifies with Procare acquisition
24 February 2014
Austbrokers has acquired 50% of Sydney-based workers’ compensation provider Procare, in the broker group’s first major acquisition of the year…
Hollard CEO Enthoven to focus on local market
24 February 2014
Hollard Australia CEO Richard Enthoven has stepped down from international roles to focus on the business he set up in Sydney 15 years ago…
BMS announces new CEO
24 February 2014
Broker BMS Group has appointed Brett Field as CEO of its Australian office…
Arch joins consortium with Singapore Lloyd’s syndicates
17 February 2014
Lloyd’s global underwriter Arch has joined four of the market’s Singapore-based syndicates to launch a consortium for Australian commercial property cover…
QBE drops loss adjuster Cerno
17 February 2014
QBE has removed Cerno from its loss adjusting panel following a review of external services…
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…
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…