CommInsure tables flat earnings period
14 February 2011
The Commonwealth Bank’s insurance division has lodged a flat growth period for the six months to December 31…
Corporate
Calliden headed for $10 million profit
14 February 2011
Calliden Group expects to report an after-tax profit in the order of $10 million when it releases its full-year result on February 24, turning around a loss of $400,000 in 2009…
Aviva buy pays off for MLC
14 February 2011
National Australia Bank says inforce premiums in MLC’s life insurance business have increased in the first quarter of the bank’s 2011 financial year…
QBE and IAG update exposures
07 February 2011
The spate of natural catastrophes will cost QBE $US225 million ($222 million), the company has revealed…
O’Halloran confirms profit estimates
07 February 2011
QBE has confirmed its net profit for the year to December 31 2010, due to be released on February 28, remains in line with market expectations of around $US1.28 billion ($1.26 billion)…
US distribution deal for QBE
07 February 2011
Bank of America has signed a 10-year distribution deal with QBE for its Balboa Insurance business…
NZ regulator pursues Insured Group
07 February 2011
Perth-based Insured Group has expressed surprised over the NZ Securities Commission’s legal action against it for allegedly failing to disclose ongoing information on the Lombard acquisition…
QBE moves into US aviation underwriting
07 February 2011
QBE The Americas has poached an aviation underwriting team from Phoenix Aviation Managers to create a new general aviation business based in Atlanta, Georgia…
QBE buys Cuna Mutual
31 January 2011
QBE Insurance is strengthening its presence in the Australian financial institutes sector with the purchase of US-owned Cuna Mutual Group…
Lloyd’s names regional chief
31 January 2011
New Zealander Kent Chaplin has been appointed as the head of Lloyd’s Asia-Pacific operations…
Calliden stays in warranty market
31 January 2011
Calliden Group has reversed its decision to exit the Victorian domestic builders’ warranty insurance market…
Newline grows local operations
31 January 2011
Newline Australia is transferring the management of its operations to Melbourne with the promotion of Craig Rowsell to Regional Manager. He will also continue as the Underwriting Manager of Liability…
Australis upgrades Melbourne office
31 January 2011
Australis Group Underwriting has made its Melbourne office a full branch and former underwriter Glenn Eason has rejoined the firm…
Holland moves to Midland
31 January 2011
Melbourne-based Midland Insurance Brokers has purchased Mt Eliza brokerage Holland Insurance for an undisclosed sum…
XL reaches out to middle market
31 January 2011
XL Insurance is extending its reach into the Australian market with a move to offer solutions pitched at middle market companies…
QBE Aviation moves into PNG
13 December 2010
QBE Insurance has started writing aviation business in Papua New Guinea…
Landmark Insurance stays despite AWB takeover
13 December 2010
Landmark Insurance will continue under the same brand after the takeover of its parent, AWB, by Canadian agribusiness group Agrium…
McDonald’s man joins IAG board
13 December 2010
Insurance Australia Group has appointed former McDonald’s Australia CEO Peter Bush as a non-executive director…
Lumley improves broker relations
13 December 2010
Lumley Insurance has improved its relationship with brokers, according to its latest annual survey…
Suncorp lists benefits from statutory classes merger
13 December 2010
A senior Suncorp manager says many insurers are failing to capitalise on the similarities that exist in personal injury claims in workers’ compensation and compulsory third party insurance…