Marsh set for big move into SME space
02 December 2013
Global broker Marsh has launched an Australia-wide division aimed at the SME business market…
Corporate
CGU launches direct offering for micro-businesses
02 December 2013
CGU is set to pilot a direct offering for micro-businesses…
Aon wants to expand Australia broker network
02 December 2013
Aon plans to increase its Australian broker network through acquisitions and opening new offices as it targets expansion in the SME segment of the market…
Achmea gets licence for Australian operations
02 December 2013
Dutch insurer Achmea has launched its operations in Australia after being licensed by the Australian Prudential Regulation Authority…
Cover-More launches $521 million IPO
02 December 2013
Travel insurer Cover-More plans to raise $521.2 million in an initial public offering, according to a prospectus released this afternoon…
‘Focused strategy’ drives Centrepoint growth
02 December 2013
Centrepoint Alliance says its insurance premium funding business achieved strong growth last financial year thanks to a clear, focused strategy and an experienced team…
Tower profit falls on asset sales
02 December 2013
Tower Group’s year of asset sales led to a 38% fall in profit to $NZ34.2 million ($30.6 million) in the year to September 30, although revenue grew…
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…
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…