GI delivers strong growth for Commonwealth
19 August 2013
Insurance has contributed $1.03 billion to Commonwealth Bank’s annual profit, up 8% as CommInsure’s general insurance income grew 40%…
Corporate
QBE pulls plug on NZ LMI
19 August 2013
QBE has announced it will no longer underwrite lenders’ mortgage insurance in New Zealand…
Queensland broker expands through acquisition
19 August 2013
Corporate insurance broker Michael Parker has acquired Toowoomba-based Holland Insurance Brokers…
Suncorp imports motor repair database
19 August 2013
Suncorp has teamed up with UK research group Thatcham to bring online vehicle repair information system Escribe to Australia and New Zealand…
Marsh to unleash SME broker
12 August 2013
Marsh Australia will step up its efforts in the small and medium enterprise space with the launch of a brokerage specifically targeting the market…
Steadfast launches underwriting arm, completes acquisitions
12 August 2013
Steadfast has consolidated its underwriting interests into a new agency business called Steadfast Underwriting Agencies…
Ebix grows international business
12 August 2013
Software provider Ebix says international revenue – including Australia – increased 31.5% in the six months to June 30…
Hannover Re predicts Australian growth amid capital reforms
12 August 2013
Hannover Re expects to write more business in Australia as insurers add cover to meet the new life and general insurance capital requirements…
Harden to take over at Willis Re Bermuda
12 August 2013
Willis Re Australia Chairman Michael Harden has been appointed CEO of the reinsurance broker’s Bermuda operation…
P&C aids strong first-half growth for Allianz Asia
12 August 2013
Allianz has reported strong growth from Asian operations in the first half, with operating profit up 34% to €289 million ($418.84 million)…
Budget Direct rebrands in line with ‘growth trajectory’
12 August 2013
Budget Direct plans to double in size in the next few years and is soon to unveil a new life insurance offering…
Steadfast shares make strong start
05 August 2013
Steadfast shares jumped on listing with the Australian Securities Exchange on Friday morning, and have maintained their gains into today…
Suncorp’s GI earnings jump
05 August 2013
Suncorp says its general insurance net profit has grown following premium increases across all portfolios and despite higher-than-expected natural disaster costs…
QBE underwriting to stay local: Neal
05 August 2013
Underwriting at QBE will remain locally based as the company pursues a global “matrix” approach to improve costs and efficiency, according to CEO John Neal…
Fisher leaves Club Marine to concentrate on recovery
05 August 2013
Club Marine CEO Greg Fisher will retire this month to focus on recovering from a serious cycling accident…
Genworth remains cautious on Australian IPO
05 August 2013
US-based insurer Genworth is targetting “the fourth quarter of this year or later” for an initial public offering on its Australian mortgage insurance business, but says it will keep a close eye on market conditions…
MGA targets NZ expansion
29 July 2013
Adelaide-based national broker MGA aims to expand in New Zealand, either by acquisition or by forming joint ventures…
Workers’ comp data will stay in Australia: QBE
29 July 2013
While QBE continues to focus on moving some jobs offshore, it says workers’ compensation data will remain in Australia…
JLT appoints Fijan as CFO
29 July 2013
JLT Australia has appointed Igor Fijan as CFO following the retirement of Bruno Codemo…
Central sells franchised teams
29 July 2013
Central Insurance Brokers has sold about half of its franchised teams…