Cowan appointed Cunningham Lindsey NZ CEO
04 March 2013
Darryl Cowan is the new CEO of Cunningham Lindsey New Zealand, replacing Martyn Norrie, who retired last week…
Corporate
Tower sells investment business
04 March 2013
New Zealand insurer Tower has offloaded funds management business Tower Investments to Fisher Funds for $NZ79 million ($63.78 million)…
Insured Group replaces auditor, makes another loss
04 March 2013
Insured Group has approved the replacement of its auditor Grant Thornton…
Acquisitions drive Austbrokers profit
25 February 2013
Acquisitions enabled Austbrokers to more than double its profit to $24.5 million in the six months to December 31…
Allianz profits soar
25 February 2013
Allianz has reported a 95.8% rise in net profits to €5.49 billion ($7 billion) for the year to December, with operating (pre-tax) profits up 20.8% to €9.5 billion ($12.18 billion) – its best result since before the…
ACCC gives green light to Pacific Premium takeover
25 February 2013
The Australian Competition and Consumer Commission will not oppose Macquarie Premium Funding’s acquisition of Pacific Premium Funding from GE Capital, having decided the deal will not substantially…
IAG result impresses market
25 February 2013
IAG has reported net profit after tax of $461 million for the six months to December 31, up from $144 million in the previous corresponding period…
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”…
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…