QBE Australia aims for 24% growth
09 November 2009
QBE Australia has forecast 24% growth in gross written premium next year despite the effect of a strong Australian dollar…
Corporate
AIMS board reshuffles
09 November 2009
Glenn Lambert of Austbrokers Holdings has been elected chairman of AIMS, the insurance broking joint venture of Austbrokers and IBNA…
AIG Australia name set to disappear
09 November 2009
The AIG Australia brand is set to disappear within weeks as its parent company prepares to roll out its new name of Chartis…
CBA sees growth in life and general insurance
09 November 2009
Strong new business volumes in life and general insurance have sent the Commonwealth Bank of Australia’s premium income up 2% in the third quarter to $1.6 billion…
Ebix reports record results
09 November 2009
International insurance software and online exchange provider Ebix has reported a record third-quarter net income of $US9.4 million ($10.3 million), up 28% from…
Snowball calls for unified culture at Suncorp
02 November 2009
New Suncorp CEO Patrick Snowball has warned competitors to keep their hands off the group’s troubled bank, while also admitting business complexity needs to be reduced…
Suncorp ditches ‘Queensland’ rule
02 November 2009
Suncorp is moving away from its Queensland stronghold, with shareholders last week voting to get rid of its residency rules for directors…
IAG’s confidence grows
02 November 2009
Improved conditions in the first quarter of the financial year have left IAG confident about delivering an insurance margin at the top end of its 9-11% fiscal guidance range…
NZ CEO counts cost of claims inflation
02 November 2009
IAG NZ CEO Ian Foy says the group’s struggling NZ business is the outcome of an increasingly unprofitable NZ market due to adverse weather, wage inflation and goods inflation…
MGA completes PPS purchase
02 November 2009
SA-based MGA Insurance Brokers is close to completing the purchase of Portfolio Planning Solutions, two years after buying 75% of the company…
Claims, investment downturn squeeze AMI
02 November 2009
Weather-related claims and lower investment income bit into net profit at New Zealand general insurer AMI in the 12 months to June 30, driving it down 31% from the previous year…
Snowball shuffles insurance chiefs
26 October 2009
Suncorp CEO Patrick Snowball has put two proven performers in charge of the group’s commercial and personal lines insurance operations in his first significant change…
TIO records worst ever result
26 October 2009
The Territory Insurance Office has reported the worst result in its 30-year history with a loss of $58.6 million…
Dual dumps Lumley for Lloyd’s
26 October 2009
Underwriting agency Dual Australia has ended its underwriting relationship with Lumley Insurance and will instead underwrite solely on behalf of Lloyd’s syndicate Arch…
Chubb results evoke bright prospects
26 October 2009
Chubb Australia is confident about its future after its US parent announced a third-quarter profit increase of 125%…
Senior moves at Ace
26 October 2009
Ace has moved Kenneth Brown from Singapore to Sydney as COO for Australia and NZ…
Suncorp clarifies terms of RAC Insurance sale
26 October 2009
Suncorp has moved to clarify sale terms of its 50% stake in RAC Insurance following the release of the Royal Automobile Club (Western Australia) annual report…
Mecon signs deal with Great Lakes Australia
26 October 2009
Specialist construction and contractor’s plant agency Mecon Insurance has announced an underwriting and claims services deal with Munich Re subsidiary Great Lakes Australia…
Just Car launches mobile phone claims ‘app’
26 October 2009
Niche car insurer Just Car has taken the claims process to the Apple iPhone, launching Australia’s first iClaim application…
Snowball shuffles Suncorp’s executive pack
21 October 2009
New Suncorp CEO Patrick Snowball this morning announced major changes to his senior management team…