Centrepoint Alliance confident despite loss
07 September 2009
Centrepoint Alliance has posted a net loss of $30.4 million for the financial year to June 30 compared to a loss of $9.5 million the previous year…
Corporate
New Perth office for Lloyd’s broker
07 September 2009
UK-based Lloyd’s insurance and reinsurance broker RFIB Group has set up an office in Perth as part of expansion moves in the Australian and Far East markets…
Disappointment and relief at Suncorp annual result
31 August 2009
Reaction to Suncorp’s full-year results, announced last week, has ranged from disappointment at the profit result to cautious relief that its banking operations are haemorrhaging less…
Loss adjusting heavyweights merge
31 August 2009
Nine months after loss adjusting firms McLarens Young Australia and Freemans Australia entered merger discussions, the two businesses have joined forces…
Austbrokers profit up 11%
31 August 2009
Acquisitions helped Austbrokers lift net profit 11% to $15.9 million in the year to June 30…
Centrepoint Alliance gains bank’s support
31 August 2009
Premium funder Centrepoint Alliance has secured the financial backing of the National Australia Bank…
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…
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…