Wesfarmers predicts profit growth
01 October 2012
Wesfarmers expects improved underwriting earnings in the next year thanks to premium rate increases, a disciplined approach to risk selection and efficiencies in the business…
Corporate
Centrepoint’s premium funding business on track for growth
01 October 2012
Centrepoint Alliance’s insurance premium funding division is expected to deliver a strong result in 2012/13, according to Chairman Rick Nelson…
CommInsure delivered all round improvement in 2012
01 October 2012
CommInsure’s insurance income rose 12% to $960 million in the year to June 30, driven by a 10% growth of average inforce premiums to $2.27 billion, according to the Commonwealth Bank’s annual report…
Insured Group wins debt reprieve
01 October 2012
Insured Group has been given a three-month extension on its $3 million debt to St George Bank…
iSelect ponders flotation option
24 September 2012
Online insurance comparator iSelect has confirmed plans to raise $25 million before a possible public listing next year…
Suncorp raises insurance margin
24 September 2012
Suncorp Group says it is reaping the benefits of a strategic restructure led by CEO Patrick Snowball…
IAG NZ foul-up a ‘legacy issue’
24 September 2012
Human error was to blame for IAG NZ’s multimillion-dollar blunder on home and contents policies, the company says…
Bismire joins Acerta from Lumley
24 September 2012
Wayne Bismire has joined Acerta – the intermediary division of Guild Insurance – as Head of Intermediary after leaving his role as NSW state manager for Lumley…
McIvor leaves OAMPS early
24 September 2012
Outgoing OAMPS CEO Keith McIvor will leave the company two months ahead of schedule, with the Wesfarmers brokerage announcing it has found his replacement…
IBNA, MacBank sign deal
24 September 2012
Broker group IBNA has chosen Macquarie Relationship Banking to provide banking services for its members…
Insurers team with banks to offer Christchurch cover
24 September 2012
Two more New Zealand insurers have announced new arrangements with banks to provide new insurance products for the earthquake-hit Canterbury region…
Insurer introduces ‘build your own’ car policy
24 September 2012
Personal lines insurer Real Insurance has announced a new “build your own” car policy that allows customers to pick their own level of cover, including selecting additional features, the excess…
Tower looking for new partners
17 September 2012
New Zealand insurance group Tower is looking at restructure offers from a range of companies and may even be taken over following an internal review by senior management and investment bank…
UK court approves QBE reinsurance restructure
17 September 2012
A UK court has approved the restructure of QBE’s global reinsurance operations…
Westpac, Lumley provide Canterbury cover
17 September 2012
Westpac and Lumley have teamed up to provide home and contents cover for new developments and full-replacement rebuilds in the Christchurch region, in a move likely to be emulated by ANZ and Vero…
QBE prepares for Elders transfer
17 September 2012
Two actuarial reports have recommended the transfer of Elders Insurance’s business to QBE Insurance…
Australian Unity insurance revenues down
17 September 2012
Australian Unity’s life insurance premiums have fallen, but the dip has been countered by a reduction in claims…
Centrepoint reports good year for premium funding
17 September 2012
Centrepoint Alliance Premium Funding CEO Bob Dodd has hailed a “satisfying year” for the business…
Premium funding boosts Centrepoint Alliance
10 September 2012
Centrepoint Alliance’s premium funding operations made an after-tax profit of $1.64 million for the year to June 30, while the parent reported a loss due to its wealth management business…
Tower increases earthquake claims provision
10 September 2012
New Zealand insurer Tower has warned increased provisions for earthquake claims may wipe $NZ9.4 million ($7.3 million) from its profit for the year to September 30…