Premium funder books marginal profit
01 March 2010
Premium funding specialist Centrepoint Alliance has reported a slim $1.04 million first-half profit as the company continues its search for a takeover target…
Corporate
Single pricing won’t lead to conformity: Suncorp
01 March 2010
A Suncorp plan to create a single claims and pricing desk across its general insurance businesses won’t generate a generic suite of identical products…
Perth company moves ahead with NZ listing
01 March 2010
Broking and underwriting agency group Australian Consolidated Insurance Ltd has cleared a major hurdle in its plan to “reverse list” on the New Zealand Stock Exchange…
Insurance sags as Wesfarmers profit plateaus
22 February 2010
Wesfarmers Insurance has tabled a flat earnings period for the first half of fiscal 2010, despite incremental increases in written premiums and a quiet claims period…
Axa APH back on track
22 February 2010
Axa Asia Pacific Holdings has posted a near billion-dollar profit turnaround, buoyed by strong investment returns and improved performance from its southeast Asian…
Lumley gives Nautilus notice
22 February 2010
Lumley is backing out of underwriting pleasurecraft, charter and commercial insurance for Nautilus Marine, giving the company 12 months’ notice of its intention to quit…
Catlin opens Melbourne office
22 February 2010
Specialist underwriter Catlin Australia aims to capitalise on strong local growth by expanding out of its Sydney base and opening an office in Melbourne…
Transit insurance a Kiwi first
22 February 2010
The launch of a new marine transit policy by Associated Marine in New Zealand is being described as a “first”…
Suncorp forecast brightens
15 February 2010
Suncorp first-half net profit is set to increase by up to 45% after rising investment income and benign weather helped propel higher returns from general insurance…
Stellar six months for CommInsure
15 February 2010
Commonwealth Bank of Australia’s insurance division has ridden a wave of profitability in the first half of the 2010 financial year…
Zurich names new CFO
15 February 2010
Zurich Financial Services Australia has announced two changes to its top-level executive team…
Zurich result mirrors global parent
08 February 2010
Zurich Financial Services Australia has mirrored its global parent in recording solid growth among its life insurance and investment portfolios, according to CEO David Smith…
IAG forecasts improved profit margin
08 February 2010
IAG has signalled an improved first-half performance with forecast insurance profit of $488 million, more than double the amount it earned in the same period last year…
Calliden outlines ‘disappointing’ result
08 February 2010
Calliden Group has forecast a “disappointing” full-year result which at best is expected to see the insurer break even…
Claims bite into Chubb’s local bottom line
08 February 2010
Large property losses sustained in Victoria’s Black Saturday bushfires cut into the bottom line for Chubb’s Australian operations last year, in contrast to a benign natural catastrophe…
VRS appoints Australian partner
08 February 2010
Global loss adjuster VRS has chosen Australian Network Adjusters to run its new local operation…
Calliden channels strata business through QUS
08 February 2010
Calliden Group has announced the transfer of all commercial strata business to partly owned Queensland Underwriting Solutions…
Zurich appoints new general insurance boss
01 February 2010
Zurich Financial Services Australia has appointed former AIG executive Shane Doyle as GM General Insurance…
Lumley thinks big with new business unit
01 February 2010
Lumley CEO Vivek Bhatia continues to shake the company up with the formation of a new business unit called Corporate Solutions…
Lloyd’s syndicate arches into Australia
01 February 2010
Arch Underwriting at Lloyd’s (Australia), which was launched in Sydney in December, will focus initially on commercial property…