Cluster linked to broker tech firm sale
31 May 2010
Melbourne-based insurance technology firm InsuranceConnect is negotiating its sale to a major cluster group…
Corporate
Allianz takes stakes in crop underwriters
31 May 2010
Allianz Australia has taken major stakes in specialist crop underwriting agencies Agricola Underwriting Management and Primacy Underwriting Agency as part of a global push into crop insurance lines…
Storms lash Wesfarmers profitability
31 May 2010
Wesfarmers Insurance has downgraded its full-year profit outlook after “unparalleled” storm claims wiped nearly $30 million from its bottom line…
Zurich launches into accident and health
31 May 2010
Zurich Financial Services Australia has launched accident and health cover as part of the insurer’s global push into the business…
Reynolds steps up at Steadfast
31 May 2010
Steadfast Group has announced two senior management changes following the retirement of Executive GM John Phillips…
Ansvar CEO quits
31 May 2010
Ansvar CEO John Peberdy will stand down from the company on July 30 after 12 years in the top job…
AAMI confirms small number of layoffs
31 May 2010
Personal lines insurer AAMI has confirmed the redundancy of 31 roles in the ACT and Tasmania as part of ongoing restructuring across the Suncorp general insurance business…
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…
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…