Suncorp confident over personal motor
31 August 2009
Suncorp says it can maintain margins and market share in the highly competitive personal motor area by keeping a lid on claims costs…
Corporate
Calliden achieves $2.4 million net profit
31 August 2009
Calliden Group has posted a first-half net profit of $2.4 million, down from the profit of $3.6 million it reported in the first half of last year…
New equity partner for Horsell
31 August 2009
A new company called PSC Horsell Insurance Brokers has emerged as PSC Holdings (Australia) takes an undisclosed major stake in Horsell International…
QBE earns record first-half profit
24 August 2009
QBE has underlined its resilience to volatile investment markets and adverse economic conditions by announcing a record first-half net profit of $1.02 billion…
IAG restructure delivers $181 million profit
24 August 2009
IAG has emerged from a year of rebuilding with a net profit of $181 million, driven mainly by strong growth within its direct insurance division…
Tough year for Wesfarmers Insurance
24 August 2009
Severe weather events have suppressed the profit of Wesfarmers Insurance, with a 17% rise in claims causing its Lumley Insurance arm to record its first underwriting loss in 20 years…
Familiar face to help Snowball at Suncorp
24 August 2009
Suncorp has confirmed a former colleague from Britain will help new CEO Patrick Snowball get up to speed with the group's business operations when he takes up the reins on September 1…
Executive movements at Marsh
24 August 2009
Scott Leney has been promoted to Executive Director for Marsh in Australia…
Ebix ranked world’s second-best investment
24 August 2009
The astronomical growth in the share price of insurance software specialist Ebix has seen it named as Fortune magazine's second-best investment in the world…
Real Insurance appoints head of operations
24 August 2009
Hollard Group subsidiary Real Insurance has appointed Clive Mendes as COO…
IAG urged to avoid tax haven: Indian newspaper
24 August 2009
IAG isn't commenting on reports that Indian regulators want the insurer to feed the investment for its joint venture with State Bank of India through Singapore rather than…
CommInsure prospers amid bank fortune
17 August 2009
Commonwealth Bank of Australia subsidiary CommInsure has increased general insurance written premium by almost a third in the year to June 30 despite the challenging trading environment…
Lower investment earnings hit ING Australia
17 August 2009
ING Australia has booked a 50% drop in insurance profit for the second quarter this year compared with the corresponding period last year on the back of lower investment earnings…
QBE ratings affirmed ahead of results
17 August 2009
With QBE Insurance due to report its first-half results on Thursday, Fitch Ratings has affirmed the long-term credit rating of the group at A…
Clarification: Allianz Australia performance
17 August 2009
Our report last week on Allianz Australia's second-quarter financial performance stated that gross written premium (GWP) rose 5% to $703.7 million…
Suncorp caught up in US acquisition rumours
10 August 2009
A US private equity firm has its eye on Suncorp, according to market rumours – but sources close to the insurer says it won’t go down this track…
Suncorp profit set to tumble
10 August 2009
Suncorp has warned its annual profit is set to tumble as much as 39% due to rising claims and volatile financial markets…
Allianz Australia profit eases in Q2
10 August 2009
Allianz Australia’s general insurance operating profit dipped 25% to $121.6 million in the second quarter this year compared with the same period last year, reflecting to some extent…
Ebix Australia in line with profitable parent
10 August 2009
Insurance software specialist Ebix Australia says it is performing strongly – like its US-based parent that has just reported the best quarterly net profit in its 33-year history…
AIG happy at brand change feedback
10 August 2009
AIG Australasia CEO Chris Townsend is “encouraged” by early market reaction to the decision to rebrand as Chartis…