IAG predicts a 50% profit hit
02 August 2010
IAG has forecast a 50% fall in net profit after wild Australian storms combined with spiralling UK bodily injury claims to drain full-year earnings…
Corporate
IAG revamps its executive team
02 August 2010
IAG has appointed new bosses to its UK and NZ divisions in a shake-up of its top-level executive ranks…
Coles offers car insurance with the groceries
02 August 2010
Supermarket giant Coles is introducing car insurance into its product mix with a direct offering underwritten by the general insurance arm of Wesfarmers…
Australasia lifts JLT profit
02 August 2010
The Australia and NZ arm of Jardine Lloyd Thompson has produced more than half of the global broker’s retail trading profit for the first half of the year…
Gallagher acquires rest of SBA
02 August 2010
Global broker Arthur J Gallagher & Co has acquired the remaining 60% of Perth broker Specialised Broking Associates…
IAG shuffles executive pack as profit falls 50%
27 July 2010
IAG this morning forecast a 50% fall in its full-year net profit and announced a reshuffle of key executives…
QBE sounds profit warning
26 July 2010
QBE shares fell this morning after the insurer announced a shock 40% drop in expected half-year net profit…
MYI Freemans buys specialist
26 July 2010
MYI Freemans has acquired risk specialist Aspeck Holdings in a move to expand its presence in the risk management area…
QBE acts as recommended insurer in eGroup exit
26 July 2010
QBE will act as the recommended insurer for eGroup customers following the withdrawal of the UK-based insurer from the Australian market…
Good results at CommInsure
26 July 2010
Commonwealth Bank of Australia’s insurance premiums were up 2.5% to $1.58 billion for the June quarter…
Zurich appoints new manager to drive Z.stream upgrades
26 July 2010
Zurich has hired former Suncorp Executive Manager GIO Personal Lines, Shaun Feely, to drive the latest upgrades to its online processing platform, Z.streamXpress…
Calliden closes ARGIS offices
19 July 2010
Calliden Group has affirmed its commitment to the farm insurance market after announcing its decision to close the four regional offices of rural insurer ARGIS…
Suncorp bags profit on JV sales
19 July 2010
Suncorp has forecast an after-tax profit of between $110-125 million on the sale of its stakes in two insurance joint ventures held with motoring organisations in SA and Queensland…
Crawford Australia launches complex claims division
19 July 2010
International claims management firm Crawford & Company has launched an Australian Global Technical Services division specialising in the management of large and complex claims…
WR Berkley opens Brisbane office
19 July 2010
WR Berkley Insurance Australia continues to branch out from its Sydney base, opening a second office in Brisbane today…
New TIO office opens six months after bombing
19 July 2010
The Territory Insurance Office has opened a new branch in Darwin six months after a disgruntled claimant firebombed a city outlet injuring more than a dozen people…
IAG’s Wilkins bags good discounts
19 July 2010
Insurance Australia Group CEO Mike Wilkins has exercised 96,200 deferred award rights in the company at a rate of $1 each under a deferred award rights plan…
Gallagher appoints Australia-NZ CEO
12 July 2010
Arthur J Gallagher Australasia has appointed Andrew Godden, the MD of sister company Specialised Broking Associates, as its new CEO…
QBE buys Belgian reinsurer
12 July 2010
QBE Group has further expanded its global reach with a share purchase agreement to acquire Belgian specialist reinsurer Secura NV for €267 million ($386 million)…
Ace appoints new local boss
12 July 2010
Ace Insurance has appointed Giles Ward as CEO of Australia and NZ following the promotion of Damien Sullivan to the lead role in Asia…