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…
Corporate
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…
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…