20 August 2012
QBE has lowered its full-year insurance margin target by 1% due to increasing expenses and falling net earned premiums as a result of its troubled US business and its new focus on dropping…
20 August 2012
New QBE Group CEO John Neal has outlined his priorities for the company going forward, while also signalling that little will change as a result of the change in leadership…
20 August 2012
Australia and New Zealand were stand-out performers in QBE’s results for the six months to June 30, with the combined business posting gross written premium of $US2.47 billion ($2.37 billion)…
20 August 2012
The Christchurch earthquakes have cut into the profits of Wesfarmers Insurance, pushing its earnings before interest and tax down 75% to $5 million in the year to June 30, compared with $20 million…
20 August 2012
Wesfarmers Insurance will continue to drive growth through its brokerages – a strategy that will pay longer-term dividends despite possible short-term margin compression, says MD Rob Scott…
20 August 2012
Asia-Pacific has emerged as one of Marsh’s prime growth regions, with the broker’s Australian and New Zealand operations outperforming global peers in the latest quarter…
20 August 2012
The details of former QBE Group CEO Frank O’Halloran’s retirement package have been revealed, with estimates valuing it at up to $16 million…
13 August 2012
US crop insurers, including QBE Insurance Group, are facing significant claims as the drought there worsens, say brokers and rating houses…
13 August 2012
US-based software provider Ebix increased revenue by 11% to $US91.5 million ($86.7 million) in the second half, as acquisitions in the second quarter aided sales…
13 August 2012
Woolworths has entered the highly competitive car insurance market but insists that, unlike rival Coles, it will not compete on price…
13 August 2012
AIG has retained a stable credit outlook from Moody’s Investors Services on a stronger than expected second quarter and a $US3 billion ($2.84 billion) share purchase from the US Treasury…
13 August 2012
Insured Group has abandoned its capital-raising after being blocked by the Australian Securities and Investments Commission for the second time…
13 August 2012
Suncorp has appointed Brian Fulmer as a non-executive director to the AMP General Insurance Distribution board…
13 August 2012
Standard & Poor’s has conferred AA- financial strength and issuer credit ratings on Genworth Australia, predicting a stable outlook…
06 August 2012
Aon’s Chief Broking Officer, Bob Mann, has resigned from the company to join rival broker JLT…
06 August 2012
Austbrokers has ended a six-year premium funding relationship with Pacific Premium Funding and signed a five-year deal with Allianz-owned Hunter Premium Funding…
06 August 2012
Allianz Australia earned gross premiums of €737 million ($863 million) from property and casualty in the second quarter, including €46 million ($54 million) from “favourable currency translation”…
06 August 2012
Chubb Australia has no plans to quit any segment of professional liability, MD Mark Lingafelter has told insuranceNEWS.com.au…
06 August 2012
Ratings agency Fitch has affirmed its current ratings for QBE and its subsidiaries, including its lenders’ mortgage insurance business, with a stable outlook…
06 August 2012
China Taiping Insurance is quitting the New Zealand market, saying its reinsurer has declined to renew cover…