Suncorp promises efficiency gains
24 May 2010
Suncorp has promised its insurance business will deliver an underlying margin improvement of at least 3% over the next two years, backed by annual savings of $235 million…
Corporate
Ebix builds on Australia-NZ exchange experience
24 May 2010
Global insurance software developer Ebix Inc has entered the US property and casualty technology exchange market by acquiring Connective Technologies…
Funder switches to new platform
24 May 2010
Macquarie Premium Funding has switched on its new platform, MPF Online…
Calliden maintains the faith
24 May 2010
Calliden Group expects to sell more policies at a higher price in the coming year as it looks to reverse last year’s loss and return to profitability…
Zurich upgrades motor fleet cover
24 May 2010
Zurich Financial Services Australia has rolled out key policy wording upgrades as part of a push to grow its share of the motor fleet insurance market…
US results push Ebix to first-quarter record
17 May 2010
Software provider Ebix has posted its best quarter on record on the back of high US sales…
CommInsure shaken, not stirred by storms
17 May 2010
Storms in Melbourne and Perth have dampened profit expectations for Commonwealth Bank’s general insurance operations, but losses aren’t expected to affect the larger group…
IAG warns investors about undervalued share offers
17 May 2010
IAG has warned shareholders to beware of undervalued offers for company shares, with estimates showing company investors have lost around $17 million on lowball offers since 2002…
Rural & General advertises for franchisees
17 May 2010
Rural & General Insurance Broking is offering franchise opportunities across Australia in a drive to expand its business…
Storms hurt, but Zurich soars 76%
10 May 2010
Hail and storm damage in Australia over recent months have been nominated by global insurer Zurich Financial Services as one of the factors for a first-quarter combined ratio fall…
CGU appoints new head of retail
10 May 2010
CGU has appointed a high-ranking UK industry marketing executive to replace GM Retail John Evans when he retires early next year…
G4S boosts northern exposure
10 May 2010
Leading investigations company G4S has entered a strategic partnership with Townsville-based Weston & Associates to provide a more comprehensive service to insurers in North Queensland…
MLC interim results ‘robust’
10 May 2010
National Australia Bank’s wealth management subsidiary MLC has recorded what the bank describes as “robust results” in the six months to March this year, with average in-force premium…
Zurich expands product lines
10 May 2010
Zurich Australia has launched two financial insurance products amid an increased focus on managing risk in the banking, credit union and building society sectors…
Premium funder to diversify via merger
03 May 2010
Premium funding specialist Centrepoint Alliance has announced a merger with Professional Investment Holdings (PIH), an independently owned network of financial advisers and accountants…
QBE outlines catastrophe exposure
03 May 2010
QBE’s catastrophe losses remain well within budget for the year, despite the insurer’s exposure to a bevy of global storms, earthquakes and man-made disasters…
ANZIIF records $627,000 surplus
03 May 2010
The Australian and New Zealand Institute of Insurance and Finance has booked an annual surplus of $627,000 as the industry’s peak training body prepares to expand further…
Wilkins muses on Chinese JV
03 May 2010
China is being pursued as the next expansion region for insurer IAG…
CBA records quarterly premium growth
03 May 2010
Growth across the Commonwealth Bank of Australia insurance portfolio has driven inforce premium 3.1% higher during the March quarter to $1.55 billion…
Lumley sets up corporate division
03 May 2010
Lumley Insurance now has a dedicated Corporate Solutions business unit focused on meeting the general insurance needs of leading ASX-listed, private and government organisations…