Adjusting group ANA to rebrand
06 May 2013
Australian Network Adjusters founder Jaye Kumar is to rebrand the Perth-based company as VRS ANA after winning a closed tender for the business following a split from his five partners…
Corporate
MGA adds strength in Victoria
06 May 2013
Acquisitive Adelaide-based national broker MGA has strengthened its presence in western Victoria with the purchase of Terry Grant Insurance Agencies…
Genworth Australia posts first-quarter profit
06 May 2013
Genworth Australia’s mortgage insurance business has reported net operating earnings of $US46 million ($44 million) for the first quarter, recovering from a $US21 million ($20 million) loss in the…
Avant prepares to reveal new CEO
06 May 2013
Medical defence group Avant’s search for a new CEO is “well under way”, with current head David Nathan due to step down on May 10…
ANA split gives rise to new loss adjuster network
29 April 2013
A new loss adjuster network has formed after the six partners of Australian Network Adjusters split up…
QBE offshoring gathers momentum
29 April 2013
QBE Australia has announced that 100 Australian IT staff will be “redeployed” while their jobs are moved to the insurer’s operations in India…
Oswald pushes up Suncorp claims
29 April 2013
Suncorp Group’s natural hazard claims totalled $537 million in the nine months to March 31, against a fiscal-year allowance of $520 million…
Steadfast-Rothbury deal raises NZ capacity
29 April 2013
New Zealand consumers will have access to more capacity following Rothbury Insurance Brokers’ decision to become the country’s founding member of Australian-based broker group Steadfast…
RACQ reveals underwriting decline and flags cyclone cost
29 April 2013
RACQ Insurance has reported an underwriting result of $33.92 million for the 2012 calendar year, down from $42.93 million in 2011…
Rate rises may slow, IAG NZ says
29 April 2013
IAG NZ expects future premium increases in the New Zealand market to be lower than in the past few years, after it raised home insurance rates by an average of 30% following the Canterbury earthquakes…
QBE in talks on SA builders’ warranty
29 April 2013
QBE and the SA Government are negotiating for the insurer to remain in the state’s builders’ warranty market for another year…
Calliden hails insurance book improvement
29 April 2013
Calliden says last year’s restructure has resulted in a more profitable insurance book…
IAG finalises sale of UK business
22 April 2013
IAG has completed the sale of its UK motor business after receiving all regulatory approvals, it announced today…
Humphreys to stay on in Australia for Lloyd’s
22 April 2013
Lloyd’s Australian General Representative Adrian Humphreys will remain in the position for a further two years, after having his contract extended…
Moody’s downgrades QBE debt ratings
22 April 2013
Moody’s Investors Service has downgraded some of QBE’s debt ratings because of weakened earnings, internal capital generation and debt servicing coverage…
Travel insurers offer SIM cards to cut roaming bills
22 April 2013
Two travel insurers are offering free global SIM cards with their policies, so customers can avoid expensive international roaming rates…
Insured Group shareholder withdraws listing application
22 April 2013
Mystery surrounds Priority One Network Group’s planned listing on the Australian Securities Exchange, after the application was withdrawn…
Union forms working group for IAG claims changes
22 April 2013
The Finance Sector Union is calling for members within IAG to join a working group to identify and resolve issues related to changes in the way the company processes claims…
Steadfast moves to go around Ebix over interface
15 April 2013
A long-running impasse between Steadfast and technology provider Ebix Australia took a sharp turn last weekend when the broker group’s members voted to effectively move to a single software solution…
Austbrokers expands in NSW and Queensland
15 April 2013
Austbrokers is continuing to expand through acquisition, with Austbrokers Holdings acquiring half of a Queensland brokerage and its Austbrokers Risk and Insurance Services business buying Team Insurance Agencies…