Chartis realigns global operations
15 March 2010
Chartis Australia CEO Chris Townsend has been named to head up a new Asia-Pacific regional grouping under a global restructure…
Corporate
Brit Insurance opens Sydney office
15 March 2010
International insurer/reinsurer Brit Insurance has set up its own office in Sydney to replace the agency arrangement it has had with Australian Reinsurance Underwriting Services since 2004…
Ebix up on acquisitions
15 March 2010
Global software group Ebix has lifted its full-year profits by 42% on rising revenue and bolt-on acquisitions to $US38.8 million ($42.4 million), though growth was more subdued…
Lumley unveils broker portal
15 March 2010
Brokers at this week’s Steadfast Convention in Perth are the first to view Lumley’s new intermediary portal in action…
PSC Horsell bulks up sports holdings
15 March 2010
Melbourne-based broker PSC Horsell has added World Wide Sports Insurance to its stable, increasing its reach in the sports and leisure sector…
Perth company’s NZ listing clears another hurdle
15 March 2010
Broking and underwriting agency group Australian Consolidated Insurance Ltd has cleared another major hurdle in its plan to “reverse list” on the New Zealand Stock Exchange…
Rate rises, investments boost Allianz Australia profit
08 March 2010
Allianz Australia grew pre-tax net profit to $484 million last year, up 60% on 2008…
Broker lifts local profit, changes Aussie roles
08 March 2010
Trading profit for broker Jardine Lloyd Thompson's Australasian operation rose 9% to £20.9 million ($34.9 million) in the year to December 31 on the back of £87.5 million…
WorkSafe Victoria recovers financial footing
08 March 2010
Worksafe Victoria is on track to bypass the horrendous losses of 2008/09, lodging a $686 million net result after tax for the first six months of fiscal 2010…
Investors deliver QBE profit rebuke
01 March 2010
The maxim that it takes a lot to satisfy QBE investors was proved yet again on Friday as investors dumped nearly 7% from the insurer’s stock price despite another profitable year…
IAG bounces back to record $329 million profit
01 March 2010
IAG has reported an improved first-half net profit of $329 million due to benign weather, a series of cost-cutting measures and the improved pricing of risk…
Battle has just begun, says Snowball
01 March 2010
Suncorp CEO Patrick Snowball has announced an improved half-year profit of $364 million, but says the Queensland-based bancassurer still has a long journey ahead before…
Analysts blindsided by Suncorp sale
01 March 2010
The divestment of Suncorp’s RACQ and RAA insurance interests has taken analysts by surprise, with the sale expected to net the insurer up to $380 million…
Austbrokers profit rises 7%
01 March 2010
Good returns continue to keep the broking sector in fine health, with Austbrokers last week reporting a 7% increase in half-year net profit to $7.2 million…
Claims, investments cut Calliden bottom line
01 March 2010
Big claims and lower investment returns hit insurer Calliden in the year to December 31, with the company booking a $400,000 net loss compared with a $9.1 million net profit in 2008…
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…
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…