Austbrokers chief predicts moderate rate rises
23 November 2009
Premium rates during the rest of the financial year will be “relatively stable with moderate increases”, according to Austbrokers CEO Lach McKeough…
Corporate
Axa takeover discussion stalls
23 November 2009
Axa SA has confirmed its joint bid with AMP to take over Axa Asia Pacific Holdings has stalled, claiming local directors are refusing to enter into negotiations over initial terms…
Institute board changes for year ahead
23 November 2009
Two lawyers appointed to the Australian and New Zealand Institute of Insurance and Finance board in March last year will step aside in next year’s line-up…
We’re just wrong, says Just Car
23 November 2009
Just Car Insurance has conceded it isn’t the first insurer to launch a claims function on the Apple iPhone…
Want to know who’s moved where?
23 November 2009
With so many executives constantly on the move to new jobs in the industry, how can you keep track..?
Allianz pushes through price rises in Australia
16 November 2009
Allianz Australia has given some solid evidence of a hardening market after growing its quarterly property and casualty gross written premium by 10.1% to €458 million ($735 million)…
IAG names new chairman
16 November 2009
IAG has named Brian Schwartz to succeed James Strong as chairman on July 1 next year…
IAG continues to improve
16 November 2009
The worst may be over for IAG, with CEO Mike Wilkins saying the business is continuing to improve, posting a $181 million net profit for 2008/09…
Youi expands operations
16 November 2009
Youi Insurance has marked its first year in the Australian market by extending its car and home cover to WA, SA and Tasmania…
QBE Australia aims for 24% growth
09 November 2009
QBE Australia has forecast 24% growth in gross written premium next year despite the effect of a strong Australian dollar…
AIMS board reshuffles
09 November 2009
Glenn Lambert of Austbrokers Holdings has been elected chairman of AIMS, the insurance broking joint venture of Austbrokers and IBNA…
AIG Australia name set to disappear
09 November 2009
The AIG Australia brand is set to disappear within weeks as its parent company prepares to roll out its new name of Chartis…
CBA sees growth in life and general insurance
09 November 2009
Strong new business volumes in life and general insurance have sent the Commonwealth Bank of Australia’s premium income up 2% in the third quarter to $1.6 billion…
Ebix reports record results
09 November 2009
International insurance software and online exchange provider Ebix has reported a record third-quarter net income of $US9.4 million ($10.3 million), up 28% from…
Snowball calls for unified culture at Suncorp
02 November 2009
New Suncorp CEO Patrick Snowball has warned competitors to keep their hands off the group’s troubled bank, while also admitting business complexity needs to be reduced…
Suncorp ditches ‘Queensland’ rule
02 November 2009
Suncorp is moving away from its Queensland stronghold, with shareholders last week voting to get rid of its residency rules for directors…
IAG’s confidence grows
02 November 2009
Improved conditions in the first quarter of the financial year have left IAG confident about delivering an insurance margin at the top end of its 9-11% fiscal guidance range…
NZ CEO counts cost of claims inflation
02 November 2009
IAG NZ CEO Ian Foy says the group’s struggling NZ business is the outcome of an increasingly unprofitable NZ market due to adverse weather, wage inflation and goods inflation…
MGA completes PPS purchase
02 November 2009
SA-based MGA Insurance Brokers is close to completing the purchase of Portfolio Planning Solutions, two years after buying 75% of the company…
Claims, investment downturn squeeze AMI
02 November 2009
Weather-related claims and lower investment income bit into net profit at New Zealand general insurer AMI in the 12 months to June 30, driving it down 31% from the previous year…