Acquisitions, rate rises drive AUB earnings growth
27 February 2023
AUB Group says premium rate rises are the “cream on top” as acquisitions and improved performance from existing operations drive stronger earnings...
Corporate
AMA looks to reset as new deal nears for Suncorp crash repairs
27 February 2023
AMA Group says it’s preparing to enter negotiations with Suncorp for a new pricing agreement that will better assist its Capital Smart crash repair business in a rising-cost environment...
Nib travel arm returns to black with 'strongest' half-year earnings
27 February 2023
Nib Holdings’ covid-hit travel insurance arm posted its best ever half-year results since the company entered the market in 2015, confirming the strength of the recovery from the pandemic fallout...
Top LMI provider 'well prepared' for economic changes
27 February 2023
Helia Group – formerly known as Genworth Mortgage Insurance Australia – has posted a rise in annual profit but says net claims incurred will increase going forward in the face of higher interest rates, falling property values and a modest uptick in unemployment...
GCube scales up as demand for renewable energy coverage grows
27 February 2023
Renewable energy underwriter GCube Insurance is building up its operations here, almost a year after entering the Australian market by way of an office in parent company Tokio Marine’s premises in Sydney...
QBE pursues consistency as earnings rise
20 February 2023
QBE Insurance Group says it will continue to pursue cross-divisional opportunities and consistency as it looks to drive growth amid an environment that remains challenging...
Coverforce Partners aims for further growth under new CEO
20 February 2023
Coverforce Partners is set to enter its “next growth phase” after appointing Allianz Australia National Relationship Manager James Stanley as its new CEO, effective from February 22...
Lockton launches local affinity schemes business
20 February 2023
Lockton has launched an affinity schemes business in Australia, New Zealand and the Pacific, offering customised insurance for franchises, associations, sports, trade groups, non-profits and professional organisations...
Steadfast bumps up earnings guidance
20 February 2023
Steadfast has dialled up its earnings outlook after reviewing its preliminary trading results in the first seven months of the 2022/23 financial year...
Tysers, robust trading boost AUB performance
20 February 2023
AUB Group will this week report a stronger-than-expected first-half result boosted by the landmark Tysers’ acquisition and robust trading in November and December...
Tower pegs Auckland flood cost at up to $114 million, cuts guidance
20 February 2023
Tower estimates claims related to floods in Auckland that began January 27 will cost it $NZ95-125 million, and says it has also received almost 1000 claims so far for damage caused by Cyclone Gabrielle last week...
Former CFO returns as TravelCard gears up for return
20 February 2023
TravelCard says former CFO Daniel Taback has returned ahead of the insurer’s resumption of business in the second quarter...
Johns Lyng trims board in changes 'consistent with best practice'
20 February 2023
Johns Lyng Group is trimming the size of its board and changing its weighting toward independents, with company executives Lindsay Barber and Philippa Turnbull resigning as directors effective from the start of next month...
Premiums to drive IAG stronger second half after inflation hit
13 February 2023
IAG has forecast a stronger second half as it puts through double-digit pricing increases in response to an inflation rate that accelerated faster than expected in the first six months...
Reinsurance, inflation to keep driving Suncorp pricing
13 February 2023
Suncorp says strong premium growth is set to continue following gains put through in the first half in response to accelerating inflation and amid impacts from continuing natural disasters...
Insurance House brings ASM brokers into the fold
13 February 2023
ASM Insurance Brokers, which has offices in Cohuna in northern Victoria and Barham on the Murray River in NSW, has become part of Insurance House following a deal completed last week...
Leo Demer takes up Lockton Pacific role
13 February 2023
Former JLT executive Leo Demer commences today in the newly created role of Lockton Pacific President, with responsibility for accelerating identified areas of growth for the business, including the attraction of talent...
Marsh drives cross-company approach with senior appointment
13 February 2023
Marsh McLennan’s newly appointed Pacific CEO David Bryant has committed to driving a cross-company collaborative approach that draws on the group’s four businesses to assist clients...
CHU rolls out strata inspection offering
13 February 2023
CHU has set up a building inspection service for the strata industry, where it is one of the major insurance providers...
IAG raises natural perils forecast, cuts margin outlook
06 February 2023
IAG has raised its natural perils forecast due to the Auckland floods and has cut its full-year insurance margin guidance as a result of catastrophe and inflation impacts...