Snowball departure rumours dog Suncorp
05 March 2012
UK media reports have linked Suncorp CEO Patrick Snowball with the chairman’s job at UK insurer Direct Line Group…
Corporate
Lumley reshuffles executive positions in move to regional structure
05 March 2012
Lumley Insurance is restructuring to give more autonomy to regional managers…
Losses slow down at Insured Group
05 March 2012
Insured Group has reported another loss for the six months ending December 31, although it was less than in the corresponding period in 2010…
IAG expects strong premium growth this year
27 February 2012
IAG is aiming for 8-10% growth in gross written premium (GWP) this financial year due to strong business growth and premium increases…
Suncorp rises, but insurance falls
27 February 2012
Suncorp has banked a 74% rise in net profit driven by surging life and banking returns but the group’s general insurance result fell flat…
Day sees light on industry’s disaster response
27 February 2012
The insurance industry’s response to natural catastrophes has come a long way since last year’s floods, according to Suncorp Commercial Insurance CEO Anthony Day…
Austbrokers up in first six months
27 February 2012
Listed broker cluster Austbrokers has raised its sights on an improved full-year result after tabling a 29% boost in net profit after tax for the first six months of the financial year…
Calliden plans return to profit this year
27 February 2012
Calliden plans to return to profit this year as it moves to a managing general agent model, CEO Nick Kirk says…
IBNA to relaunch, rename broker software
27 February 2012
IBNA’s stalled broker management system is to be relaunched after the broking cluster and system’s designer parted ways last year…
Zurich boosts claims chief’s role
27 February 2012
Zurich Australia has strengthened its general insurance claims team with the appointment of Chief Claims Officer Stephen Brooks to the additional post of EGM Claims…
Insurance Advisernet moves into UK market
20 February 2012
Insurance Advisernet Australia has moved into the UK market with the acquisition of retail broker Worldwide Sports Insurance…
Natural disasters continue to batter Wesfarmers Insurance
20 February 2012
Wesfarmers Insurance has slumped to a $17 million profit for the six months to December 31, with natural disasters, low interest rates and reinsurance costs all affecting its bottom line…
Aon to make 70 staff redundant
20 February 2012
Aon Australia will make about 70 staff redundant across the business, which it says is in response to changing market conditions…
Austbrokers buys film insurance underwriter
20 February 2012
Austbrokers is expanding its film and television insurance business with the purchase of Film Insurance Underwriting Agencies…
Priority One takes smaller stake in Insured Group
20 February 2012
Priority One Network Group has taken a reduced stake in Insured Group as part of a share swap between the two companies…
GIO makes CTP purchases mobile
20 February 2012
Suncorp subsidiary GIO has optimised its website for smartphones due to rising demand from customers…
Chartis continues with defence policies
13 February 2012
Chartis has denied it is pulling out of offering personal accident cover for Australian Defence Force members…
More Suncorp workers face the chop as offshoring gathers pace
13 February 2012
Suncorp has announced plans to offshore another 65 jobs to India, this time from its accountancy, close and reporting functions…
UK marine insurers formalise their open relationship
13 February 2012
Leading UK marine insurers Sunderland Marine Mutual Insurance and North East P&I Association have formed a strategic alliance, starting with a reinsurance deal…
PSC takes a stake in the west
13 February 2012
Sydney-based PSC Insurance Group has achieved its goal of national coverage with the acquisition of WA brokerage McKenna Hampton Insurance Brokers…