S&P lifts rating on IAG’s Malaysian reinsurer
02 December 2013
Standard & Poor’s has raised its long-term local-currency financial strength rating on IAG’s Malaysian captive reinsurer IAG Re Labuan…
Corporate
Austbrokers could target more Steadfast brokers
25 November 2013
Austbrokers Holdings says it may acquire more brokers from Steadfast following the rival cluster group’s float earlier this year…
Suncorp considers outsourcing IT jobs
25 November 2013
Suncorp Group is assessing the benefits of outsourcing up to 40 technology jobs…
Livestock prices rein in Ruralco insurance
25 November 2013
Ruralco Holdings’ insurance operations maintained profit at $5.6 million in the year to September 30 as transit insurance commission fell due to lower livestock and wool prices…
Mansions ditches Lloyd’s as underwriter
25 November 2013
Prestige home insurer Mansions of Australia has ended a 15-year relationship with Lloyd’s, switching to Ace Insurance as the carrier for its home and contents policies…
Sampson to chair Ace’s Australian board
25 November 2013
Ace Insurance has appointed Paul Sampson as Chairman of its Australian board of directors…
Hyperion forms global marine brokerage
25 November 2013
UK-based Hyperion Insurance Group is to merge its marine operations to create one global marine broking company…
Shareholders deliver blow to iSelect
25 November 2013
iSelect shareholders have delivered a first strike against the insurance comparator, challenging executive earnings following a tumultuous period since the company listed in June…
Vero changes claims process after storms
25 November 2013
Vero has simplified its claims process for customers and brokers as a result of recent weather events…
Publisher’s note:
25 November 2013
Last week insuranceNEWS.com.au published an article in the Corporate section headlined “Auditor expresses fear for Cerno following losses”…
Auditor expresses concern for Cerno following losses
18 November 2013
Major loss adjuster Cerno’s auditor fears for the business as a going concern after it reported a loss of $4.23 million last financial year – but the company’s MD says its new partnership with Stream Group will bring huge benefits…
Cover-More weighs up IPO
18 November 2013
Travel insurer Cover-More is considering an initial public offering that could take place before the new year…
IAG online volumes rise
18 November 2013
IAG’s online channel has recorded a 16% rise in volumes this year, with about 12% of new business now transacted online, CEO Mike Wilkins says…
Elders makes $5.6 million from insurance arm
18 November 2013
Elders has reported earnings of $5.6 million from the 25% of Elders Insurance it held until it sold down its stake to QBE…
Ironshore expands with new marine unit
18 November 2013
Specialty insurer Ironshore has entered the fine art, specie and cargo sectors in Australia with the creation of a new marine unit…
iSelect car cover business picks up
18 November 2013
iSelect says the underlying profitability of its car insurance business has improved over the past year, although Federal Government changes to health cover hit its car and health segment…
Cerno unveils new IT platform
18 November 2013
Loss adjuster Cerno has launched its new technology platform, AcClaim…
Wesfarmers’ insurance outlook ‘positive’
11 November 2013
Wesfarmers’ insurance division is tracking to plan this financial year and the outlook is positive provided there are no significant catastrophes, according to MD Richard Goyder…
Calliden slashes profit target
11 November 2013
Calliden remains “on the right track” despite a drastic downgrade in its profit target for this year, according to CEO Nick Kirk…
CBA pushes insurance in branches
11 November 2013
Commonwealth Bank says its general insurance and direct life businesses continue to benefit from sales through branches…