IAG in line for growth target
29 October 2012
IAG says it is on track to deliver its full-year guidance of 9-11% gross written premium growth and an improved insurance margin of 11-13%…
Corporate
QBE reaffirms full-year forecasts
29 October 2012
QBE says it is on track to achieve a full-year insurance profit margin of “better than 12%” – in line with its forecast at the half-year…
Macquarie grows inforce premium
29 October 2012
Macquarie Bank sold its Canadian premium funding business earlier this year for about $17 million, according to the financial group’s results for the six months to September 30…
OAMPS launches broker incentive program
29 October 2012
Major broker OAMPS Insurance Brokers has launched an initiative to reward brokers who consistently grow their portfolios…
Insurance Advisernet wins Lloyd’s stamp of approval
29 October 2012
Insurance Advisernet UK Limited has obtained registered broker accreditation to place open-market and delegated underwriting authority/binder business into Lloyd’s syndicates…
Axis begins restructuring
29 October 2012
Axis Specialty Australia is seeking a new underwriter in Brisbane as part of its restructuring program…
Austbrokers' incoming CEO Searles to target costs
22 October 2012
Incoming Austbrokers CEO Mark Searles says he will focus on supporting brokers with a lower-cost solution for their business operations…
CGU unites broker and workers’ comp divisions
22 October 2012
CGU Insurance has merged its broker and agent business with the workers’ compensation division…
Zurich underwriters hit the streets
22 October 2012
Zurich’s Australasian General Insurance CEO Daniel Fogarty is sending his state-based underwriting teams onto the streets to re-engage with the broking world…
SLE Group raises capacity to $20 million
22 October 2012
Specialist underwriter SLE Group has doubled capacity for its property portfolio, with Ace Insurance agreeing to a $10 million facility…
QBE Europe forecasts competitive markets in 2013
22 October 2012
QBE Europe expects markets to remain competitive next year…
Chartis warns brokers over cyber crime
22 October 2012
The costs of cyber crime are “enormous and growing”, Chartis has warned brokers…
Shareholders back Aviva’s Centrepoint exit
22 October 2012
Listed premium funder Centrepoint Alliance has secured the exit of Aviva from its share register, after shareholders agreed to swap the British insurer’s 7.6% holding for Centrepoint’s 81% stake…
PSC joins Breeze brand
22 October 2012
PSC Underwriting has rebranded as Breeze Underwriting (Australia) to further develop its partnership with the established British agency of the same name…
Steadfast reveals new look
15 October 2012
Broker group Steadfast has revitalised its brand before its planned Australian Securities Exchange listing next May…
Slash goodwill, analyst tells QBE
15 October 2012
QBE should cut $2.5 billion from the value of its goodwill to raise returns, according to Ross Curran, an insurance analyst with the Commonwealth Bank’s CommSec broking house…
SUA expands with iConstruct deal
15 October 2012
Brisbane-based Specialist Underwriting Agencies has struck a deal to buy construction industry niche underwriter iConstruct…
WR Berkley shakes up team before expansion
15 October 2012
WR Berkley’s new CEO Tony Wheatley has revamped the company’s management structure to position it for expansion geographically and into new lines…
QBE plays down US force-placed insurance risks
15 October 2012
QBE says it expects “moderate price reductions” in its controversial North American force-placed insurance business…
Australian Reliance moves into Brisbane
15 October 2012
Australian Reliance has moved into Queensland, opening an office in the Brisbane suburb of Fortitude Valley…