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…
Corporate
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…
IMA reports improved margins
11 November 2013
IAG and RACV Insurance joint venture Insurance Manufacturers of Australia has reported strong profitability last financial year…
Johnston becomes CFO as Suncorp banks on Nesbitt
11 November 2013
Suncorp Group CFO John Nesbitt will become CEO of Suncorp Bank next month, replacing David Foster, who is to leave the company after 10 years’ service…
Architects’ insurer takes new name
11 November 2013
Planned Professional Risk Services, which is owned by the Australian Institute of Architects, has changed its name to Planned Cover as it expands into new markets and products…
Bugg Goninon switches name
11 November 2013
Tasmanian brokerage Bugg Goninon has begun trading under the new name of Capital Innovation Insurance Group…
Wesfarmers ‘not selling brokerages to Zurich’
04 November 2013
Zurich’s bid for Wesfarmers’ insurance assets does not include the broking side of the business, insuranceNEWS.com.au understands…
Calliden signs BWI reinsurance deal in WA
04 November 2013
Calliden will continue to provide builders’ warranty insurance in WA after agreeing a reinsurance deal with the State Government…
Solid performance puts IAG on target for growth
04 November 2013
IAG says it is on course to meet its premium growth forecast of 5-7% this fiscal year, after a “solid” performance in the opening months…
MGA branches out in Cambodia
04 November 2013
MGA Insurance Brokers is to open its first overseas office in Cambodia, becoming only the second foreign broker in the capital Phnom Penh…
Centrepoint grows premium funding profits
04 November 2013
Centrepoint Alliance’s insurance premium funding business continues to grow through existing and new broker relationships, Chairman Rick Nelson says…
EML opens self-insurance division with Woolies deal
04 November 2013
Workers’ compensation specialist Employers Mutual has launched a national self-insurance division…
Hollard restructure ‘simplifies operations’
04 November 2013
Hollard has announced an internal restructure aimed at simplifying operations and giving better support to partners…
Steadfast weighs up new acquisition candidates
28 October 2013
Steadfast is on the hunt for more acquisitions, including brokers it considered before floating on the Australian Securities Exchange, MD Robert Kelly says…
Berkshire Hathaway joins Willis sidecar
28 October 2013
Willis says Berkshire Hathaway, Hiscox and the People’s Insurance Company of China have agreed to participate in its Global 360 sidecar…