Calliden returns to profit
28 February 2011
Calliden has reported a net profit of $10.1 million for the year to December 31 and CEO Nick Kirk says the company aims to be a top 10 insurer within the next three years…
Corporate
Austbrokers lifts full-year forecast
28 February 2011
Austbrokers has lifted its full-year forecast after a bumper six-month period saw net profit after tax rise by 20%…
Coles begins car insurance campaign
28 February 2011
Major retailer Coles has launched a pilot marketing program on Sydney’s North Shore to raise awareness and boost the market share of. its car insurance offering…
Wesfarmers Insurance profit up on all sides
21 February 2011
Wesfarmers Insurance has increased its pre-tax earnings by 12.1% to $65 million for the six months to December 31, with growth in underwriting and broking offsetting claims from…
Ansvar dumps intermediated personal lines
21 February 2011
Ansvar will stop offering personal line products through its brokers and authorised representatives and focus more on tailored products for its core segment of community organisations…
Macquarie extends Queensland relationship
21 February 2011
Macquarie Group has extended its relationship with the Council of Queensland Insurance Brokers to provide training, resources and access to the group’s products…
UK losses slash IAG’s first-half profit
14 February 2011
IAG has forecast its half-year net profit will be less than half the previous period’s result because of losses from its UK operations…
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…
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…