Lumley unveils new online product
14 September 2009
Lumley Insurance will introduce a new end-to-end online insurance product for business insurance at the National Insurance Brokers Association Convention next weekend…
Corporate
Chinese bank takes stake in CBA insurance joint venture
14 September 2009
China’s Bank of Communications has received approval from Chinese regulators to buy a 51% stake in the Commonwealth Bank of Australia’s insurance joint venture in China…
Trident sells marine portfolio to QBE
14 September 2009
Trident Insurance Group has sold its QBE-underwritten intermediated pleasurecraft and charter boat business to the insurer…
Insurer Australia Post deal set to boost underwriter’s growth
07 September 2009
High-profile contracts with Australia Post and Virgin Money have underlined the growth potential of the “white label” insurance market, according to underwriter Auto & General Insurance Services…
Suncorp ditches its corporate agents
07 September 2009
Suncorp has decided to pull the plug on its corporate agent model, with around 80 Queensland agents expected to decide their future within a year…
McAvenna moves to AIMS
07 September 2009
Austbrokers Holdings has announced an executive reshuffle, including the appointment of Martin McAvenna as GM of Austbrokers and IBNA Member Services…
Ace quits affinity business
07 September 2009
Ace Australia has quit the affinity market, blaming a lack of profitability…
Disciplined QBE turns around US reinsurance outfit
07 September 2009
QBE’s US reinsurance operations are showing more than a hint of the underwriting discipline that is helping the group outperform its competitors in Australia…
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…
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…