Hawker joins Macquarie board
29 March 2010
Former IAG CEO Michael Hawker has joined the board of the Macquarie Group as an independent non-executive director…
Corporate
IAG’s India JV launches next month
22 March 2010
SBI General Insurance Company, in which IAG has a 26% stake, is due to begin trading in India next month…
WFI appoints new CEO
22 March 2010
Wesfarmers Federation Insurance has named John Ripepi to succeed Howard King as CEO when Mr King retires at the end of June…
QBE Re part of better year for US reinsurers
22 March 2010
QBE’s US reinsurance operations were among the winners in a generally improved year for the industry in 2009…
AAMI signs on for new stadium
22 March 2010
AAMI has signed a deal to secure the naming rights over Melbourne’s new rectangular sports stadium for the next eight years…
Chartis realigns global operations
15 March 2010
Chartis Australia CEO Chris Townsend has been named to head up a new Asia-Pacific regional grouping under a global restructure…
Brit Insurance opens Sydney office
15 March 2010
International insurer/reinsurer Brit Insurance has set up its own office in Sydney to replace the agency arrangement it has had with Australian Reinsurance Underwriting Services since 2004…
Ebix up on acquisitions
15 March 2010
Global software group Ebix has lifted its full-year profits by 42% on rising revenue and bolt-on acquisitions to $US38.8 million ($42.4 million), though growth was more subdued…
Lumley unveils broker portal
15 March 2010
Brokers at this week’s Steadfast Convention in Perth are the first to view Lumley’s new intermediary portal in action…
PSC Horsell bulks up sports holdings
15 March 2010
Melbourne-based broker PSC Horsell has added World Wide Sports Insurance to its stable, increasing its reach in the sports and leisure sector…
Perth company’s NZ listing clears another hurdle
15 March 2010
Broking and underwriting agency group Australian Consolidated Insurance Ltd has cleared another major hurdle in its plan to “reverse list” on the New Zealand Stock Exchange…
Rate rises, investments boost Allianz Australia profit
08 March 2010
Allianz Australia grew pre-tax net profit to $484 million last year, up 60% on 2008…
Broker lifts local profit, changes Aussie roles
08 March 2010
Trading profit for broker Jardine Lloyd Thompson's Australasian operation rose 9% to £20.9 million ($34.9 million) in the year to December 31 on the back of £87.5 million…
WorkSafe Victoria recovers financial footing
08 March 2010
Worksafe Victoria is on track to bypass the horrendous losses of 2008/09, lodging a $686 million net result after tax for the first six months of fiscal 2010…
Investors deliver QBE profit rebuke
01 March 2010
The maxim that it takes a lot to satisfy QBE investors was proved yet again on Friday as investors dumped nearly 7% from the insurer’s stock price despite another profitable year…
IAG bounces back to record $329 million profit
01 March 2010
IAG has reported an improved first-half net profit of $329 million due to benign weather, a series of cost-cutting measures and the improved pricing of risk…
Battle has just begun, says Snowball
01 March 2010
Suncorp CEO Patrick Snowball has announced an improved half-year profit of $364 million, but says the Queensland-based bancassurer still has a long journey ahead before…
Analysts blindsided by Suncorp sale
01 March 2010
The divestment of Suncorp’s RACQ and RAA insurance interests has taken analysts by surprise, with the sale expected to net the insurer up to $380 million…
Austbrokers profit rises 7%
01 March 2010
Good returns continue to keep the broking sector in fine health, with Austbrokers last week reporting a 7% increase in half-year net profit to $7.2 million…
Claims, investments cut Calliden bottom line
01 March 2010
Big claims and lower investment returns hit insurer Calliden in the year to December 31, with the company booking a $400,000 net loss compared with a $9.1 million net profit in 2008…