QBE sees growth in lenders mortgage cover
07 March 2011
QBE has flagged its lenders mortgage insurance as an avenue for future growth in its Australia Asia Pacific operations…
Corporate
CV Starr tackles Australia
07 March 2011
Former AIG chairman and Starr International MD Maurice “Hank” Greenberg will cement his company’s position in the Australian market when a subsidiary operation starts work in Sydney next week…
NTI moves into CBD
07 March 2011
National Transport Insurance’s head office and Brisbane base has moved closer to the city, outgrowing its former location in a southern suburb…
Suncorp to sell Brisbane HQ
07 March 2011
Suncorp has announced plans to sell its Brisbane headquarters, the Suncorp Centre, as part of a move to consolidate its Brisbane operations into two locations.…
QBE: income up, profit down
28 February 2011
QBE has reported a 21% rise in gross written premium to $US13.6 billion ($13.4 billion) for the year ending December 31. But the group’s net profits have fallen 17% to $US1.2 billion ($1.1 billion)…
QBE strikes reinsurance deal
28 February 2011
QBE has locked in a favourable new reinsurance program for the next three financial years, starting this year…
Disasters pull Suncorp’s profit down
28 February 2011
Suncorp has blamed a $141 million drop in net profit after tax for the half-year to December 31 on the ongoing impact of natural catastrophes battering Australia and NZ…
IAG profit tumbles on UK loss
28 February 2011
IAG has flagged natural peril claim costs of $540 million for the full year after reporting a net profit of $161 million for the six months to December 31, down 51% due to losses from its UK operations…
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…
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)…