MDA records ‘solid’ result before CEO departs
09 December 2013
MDA National has produced a “commercially solid result”, outgoing CEO Peter Forbes told the group’s annual general meeting in Perth last week…
Corporate
HCF steps up pet and travel cover sales
09 December 2013
HCF is selling more travel and pet insurance as part of its diversification strategy…
ME Bank launches insurance tie-up with QBE
09 December 2013
ME Bank is giving its 290,000 customers access to consumer insurance products under a referrer model with QBE…
Steadfast splits first hub, decides on two for Sydney
02 December 2013
Steadfast has called a halt to its first “broker hub”, announcing new plans to now have two hubs operating in Sydney instead…
Vero slashes 7.5% off home cover commission
02 December 2013
Brokers have reacted angrily to a plan by Vero to cut commissions on personal insurance home cover from 22.5% to 15%…
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…
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…