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…
Corporate
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…
QBE buys Elders Insurance for $315 million
03 August 2009
QBE has bought Elders Insurance and taken up a majority stake in its insurance agency business for a total of $315 million…
Australasian growth boosts JLT profits
03 August 2009
An improved performance from Jardine Lloyd Thompson operations in Australia and NZ has contributed to a 15% increase in the global group’s net profit of £42.5 million ($85 million)…
Associated Marine appoints new boss in NZ
03 August 2009
Associated Marine Insurers Underwriting and Development Manager Andrew Scrivens has been promoted to Manager New Zealand…
Allianz and MetLife judged best value life insurers
03 August 2009
Life insurers MetLife and Allianz Australia have cleaned up in Cannex’s first ever comparison of direct life insurance policies…
CGU raps its way to a prize offer
03 August 2009
CGU is calling on all comers – “whoever they are, whatever they do” – to make their own rap for the chance to win $20,000…
Bushfires and litigation affect Chubb profits
27 July 2009
The Victorian bushfires and an increase in litigation in financial lines are likely to take their toll on the underwriting profit of Chubb Insurance in Australia in the second quarter…
ANZIIF and CII still talking after failed merger
27 July 2009
The proposed merger between the Australia and New Zealand Institute of Insurance and Finance and Britain’s Chartered Insurance Institute might officially be off the agenda…
Second-quarter premium growth for CBA
27 July 2009
New business growth in both life and general insurance policies has helped send Commonwealth Bank of Australia premiums up nearly 4% to $1.56 billion…
Lockton buys shares in Australian broker
20 July 2009
The world’s largest privately owned insurance broker, Lockton, has acquired a stake in Perth broker Australian Reliance…
Marsh buys Brisbane broker
20 July 2009
Marsh Australia has swallowed up Brisbane boutique broking firm RJ Neville and Associates for an undisclosed price…
Suncorp integration boss calls it quits
20 July 2009
Suncorp Group Executive Integration Mark Blucher has announced his resignation following completion of the insurer’s $7.9 billion merger with Promina…
Private-public deal props up NZ trade credit market
20 July 2009
Trade credit insurance specialist Euler Hermes is working with the NZ Government to prop up the local trade credit market following a surge in unacceptable risk…
Allianz clears up confusion over NZ premium funder
20 July 2009
Allianz Australia has moved to clarify uncertainty in the NZ broker market surrounding the ongoing operation of NZ subsidiary Hunter Premium Funding…
IAG tipped to take over UK insurer
13 July 2009
IAG may be having a second shot at the UK insurance market…