09 March 2009
Finance company Centrepoint Alliance intends to concentrate on premium funding after blaming an interim loss of $565,000 on unprofitable commercial finance units dragging the overall result...
02 March 2009
QBE has exceeded market expectations to post a 3.5% drop in its annual net profit of $1.86 billion. But CEO Frank O’Halloran – while signalling he’s still on the acquisition trail – predicts a tougher year ahead...
02 March 2009
IAG CEO Mike Wilkins says the group’s corporate restructuring has “laid the platform for future success” after he reported slim first-half takings last week...
02 March 2009
Suncorp Chairman John Story has reaffirmed the group’s faith in its insurance/banking/wealth management allfinanz model but stopped short of ruling out a demerger...
02 March 2009
The buoyant broker market was well illustrated last week when Austbrokers announced a $6.7 million half-year net profit – up 14% thanks to organic growth and the contribution of new acquisitions...
02 March 2009
Calliden Group is flexing new muscles with a 600% boost in net profit for 2008, strong growth in gross written premium and a mission to take on the big boys...
23 February 2009
The word “sensible” set the tone for a media briefing by IAG CEO Michael Wilkins about the group’s first-half performance forecast and capital-raising...
23 February 2009
Commercial insurance underwriter Assetinsure has severed ties with troubled investment firm Babcock & Brown which has sold its 50% stake in the insurer...
23 February 2009
Suncorp’s EGM Corporate Portfolio, Commercial Insurance John Nagle will join Lumley as COO Intermediary Partners, starting in May...
23 February 2009
Low interest rates and natural disasters have affected the results of Elders Insurance...
16 February 2009
Lumley Marine & Logistics has lost two of its most senior marine insurance managers with the resignation of Robert Hammersley and Neil Hiller...
16 February 2009
Leading loss adjuster GAB Robins Australia will be absorbed into the global Cunningham Lindsey group as part of a buy-up of GAB Robins businesses outside the US...
16 February 2009
Improved revenues from the Wesfarmers Insurance division have contributed to a 46% increase in parent company half-year net profit of $879 million...
16 February 2009
GE Capital has confirmed that no Pacific Premium Funding employee will lose their job as the company completes a divisional merger...
16 February 2009
Suncorp intends to put more capital into its reserves with a $502 million 1-for-5 rights issue announced on Friday...
09 February 2009
Analysts are viewing Suncorp’s $900 million capital raising as a necessary exercise, even if the circumstances which prompted it are far from ideal...
09 February 2009
Financial services conglomerate AMP cut a total of 300 jobs in the last quarter of 2008 and isn’t ruling out more redundancies...
09 February 2009
Willis Australasia has confirmed staff will be ranked according to performance measures recently outlined by Global Chairman Joe Plumeri – with poor performers likely to get the boot...
09 February 2009
QBE CEO Frank O’Halloran has been nominated for the International Insurance Society’s (IIS) 2009 Insurance Hall of Fame Awards...
09 February 2009
GE Australia and NZ says it is too early to say if Pacific Premium Funding staff will be among 400 casualties of a major divisional merger...