03 September 2012
New Zealand’s second-biggest insurer, Vero, is regaining confidence in the market, with CEO Gary Dransfield telling a business audience in Christchurch the company is “planning to widen our risk appetite”…
03 September 2012
London-based Lloyd’s broker Bartlett & Company has opened in Sydney to serve its global corporate clients with operations in Australia…
03 September 2012
Insured Group has reported an unaudited after-tax profit of $1.39 million for the year ending June 30…
03 September 2012
Loss adjusters are processing earthquake claims for failed New Zealand insurer Western Pacific after a court ruled liquidators could pay from reinsurance funds…
03 September 2012
IAG has announced the retirement of Phillip Colebatch from its board. Chairman Brian Schwartz thanked the former Swiss Re executive for his contribution over almost six years, including stints on IAG’s audit…
03 September 2012
China Taiping Insurance’s New Zealand subsidiary has been downgraded by ratings agency AM Best, as the company’s rundown of business there leaves its capital position in decline…
27 August 2012
Austbrokers increased profit by 20% to $25.64 million for the year to June 30 on contributions from acquisitions in the underwriting agencies business and growth in the broking network…
27 August 2012
Rate increases and a clampdown on expenses helped Suncorp raise annual profit by 60% to $725 million for the year to June 30 – despite banking operations dragging down the result…
27 August 2012
The future of IAG’s UK operations remains in doubt after further losses and writedowns have hit the insurer’s full-year result…
27 August 2012
Calliden Group has announced a loss of $231,000 for the six months to June 30, following its catastrophe-induced $4.3 million loss in the corresponding period last year…
27 August 2012
Suncorp’s authorised representative distribution business, AMP GI Distribution, will be rebranded Resilium from November 17…
27 August 2012
Nigel Whyatt is to succeed Daniel Fogarty as EGM Corporate at Zurich, following Mr Fogarty’s elevation to CEO earlier this year…
27 August 2012
Gallagher Bassett will join Employers Mutual SA as an approved claims agent for WorkCover SA next year, under a reform of the authority…
27 August 2012
Australian authorised representative network PSC Connect has launched in New Zealand to focus on corporate and commercial business…
27 August 2012
Luc Derix has been confirmed as CIO of specialist insurance and services provider Allianz Global Assistance…
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…