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…
Corporate
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…
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…
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…