Suncorp hails bright first half
25 February 2013
Suncorp’s general insurance gross written premium and net profit soared in the six months to December 31, as the division “outperformed expectations”…
Corporate
Sunnier outlook as NZ business stabilises
25 February 2013
Vero New Zealand expects to return to pre-earthquake levels of profitability “pretty quickly”, according to CEO Gary Dransfield…
Coles’ car insurance campaign hits road
25 February 2013
Coles has launched a new car insurance marketing campaign…
QBE Re (Europe) scores A+ from Fitch
25 February 2013
Fitch has affirmed its ratings for the QBE group and given QBE Re (Europe) an A+ insurance financial strength rating…
Levinthal joins Experien
25 February 2013
Clive Levinthal has become CEO of Personal and General Insurance at Experien Insurance Services…
Chartis Australia rebrands to AIG today
18 February 2013
American International Group has signalled the dark days of the global financial crisis are behind it by today rebranding to AIG Australia, dropping the Chartis Australia brand and adopting a new global slogan…
Westpac reduces flood exposure by only insuring borrowers
18 February 2013
Westpac has withdrawn from offering home and contents insurance to people in high flood risk areas unless they have a mortgage with the bank…
Wesfarmers Insurance bounces back
18 February 2013
Wesfarmers Insurance has posted a first-half operating profit of $110 million for the six months to December 31 – a vast improvement on the $23 million the division made in the first half of the previous financial year…
Ansvar cutting jobs as part of restructure
18 February 2013
Ansvar is restructuring its management team and may reduce its 124 staff by 10% as it refocuses on its five core business segments…
Swiss Re looks at insuring WA crops
18 February 2013
Swiss Re has confirmed it is in “early discussions” with WA grain co-operative CBH Group to offer crop insurance next year…
Calliden’s nat cat costs ‘within expectations’
18 February 2013
Calliden Group’s natural catastrophe claims figures have exceeded its first-quarter allowance, but costs are still within annual expectations, it says…
NRMA strikes back at bullying claims
18 February 2013
NRMA Insurance says it has been forced to blacklist car repair shops due to fears for its staff’s safety, poor quality repair work and in some cases outright fraud…
CGU moves fast over flood claims
11 February 2013
CGU Insurance says it’s already on top of flood claims from customers in the Queensland city of Bundaberg and surrounding regions…
Willis takes Aon property team
11 February 2013
Willis is to form a dedicated real estate practice in Australia following the recruitment of four property specialists from Aon…
Vero uses brokers to speed up small flood claims
11 February 2013
Insurance brokers can now approve flood claims of up $7000 under a series of changes announced by Vero to more quickly clear small claims awaiting review…
Lockton moves into Victoria with Strategic buy
11 February 2013
US-based global broker Lockton has expanded its Australian reach with the acquisition of Melbourne broker Strategic Insurance & Risk Solutions…
Hyperion takes majority stake in FP Group
11 February 2013
UK-based broker and underwriting group Hyperion has acquired a 55% stake in specialist marine broker FP Group…
IAG pushes forward with Indonesia plans
11 February 2013
IAG is a step closer to its ambition of breaking into the Indonesian market, with the insurer opening a representative office in Jakarta…
Affiliated FM’s Drinnan heading to Singapore
11 February 2013
Affiliated FM Operations VP Glen Drinnan is moving to Singapore to head the group’s client service operations there…
Moody’s downgrades QBE and Genworth lenders’ mortgage businesses
11 February 2013
Moody’s has downgraded three lenders’ mortgage insurers – QBE LMI and two Genworth companies.