Storms wash away profit for Calliden
28 August 2007
Calliden’s first profit result since floating on the ASX has been sunk after weather-related claims from the Newcastle storms wiped $750,000 from the company’s balance sheet…
Corporate
QBE in first-half flourish
21 August 2007
QBE has stunned the market with an unheralded 56% leap in half-year net profit helped along by benign claims, strong investment returns and the integration of US acquisitions…
…and does deal with Elders, FPUA
21 August 2007
Australian insurance companies might be a bit too expensive for QBE Australia right now, but it’s still expanding its business opportunities with new acquisitions and deals…
Insurance profit falls at CommBank
21 August 2007
Commonwealth Bank’s general insurance division has taken a hit from the NSW floods, posting a flat earnings period for the full year to June 30…
Bitter harvest for Wesfarmers
21 August 2007
Rising coal and insurance costs have combined to take a chunk of the full-year earnings of Wesfarmers, with the diversified conglomerate posting a drastic 25% drop in net profit…
CGU opts out of premium funding
21 August 2007
Pacific Premium Funding has solidified its status among Australia’s top-tier premium lenders by adding CGU’s premium funding business to its burgeoning portfolio…
Austbrokers book reads $1 billion
21 August 2007
Austbrokers has nudged its premium book above $1 billion through the acquisition of national group Strathearn Insurance Brokers…
India front-runner in final three
21 August 2007
IAG’s quest for an international stake in the rapidly expanding Asian insurance market could be set to materialise…
Willis joins hands across the Tasman
21 August 2007
Willis Australia MD Gary Seymour will leave the company at the end of the year following a reorganisation of its Australian and NZ operations to create a single Australasian operation…
New entrant setting up reinsurance operation
14 August 2007
A new player in the Australian reinsurance market is set to open its doors as soon as it can get regulatory approval…
QBE buys Universal
14 August 2007
OAMPS has sold its wholly owned subsidiary Universal Underwriting Agencies to QBE…
Axa on target
14 August 2007
Axa Asia Pacific is on track to achieve its “Axa 6” goals, with a 23% increase in after-tax profit for the first half of this year…
Aviva up 21%
14 August 2007
Financial services company Aviva Australia has improved its first-half earnings by 21% to £23 million ($46.48 million) from the corresponding period last year…
QBE moving into Romania
07 August 2007
The global diversification of Australian insurer QBE continues to grow, with the company set to open a branch in Romania by early next year…
Calliden begins Australian Unity integration
07 August 2007
Niche underwriter Calliden has begun integrating the newly acquired assets of Australian Unity General Insurance, beginning with the workforce…
AIG aims at top of personal lines
07 August 2007
AIG Australia is entering the personal lines market by aiming at the high net worth customer niche…
IAG warns of share raids
07 August 2007
“Mum and dad” investors in IAG are being told to avoid market raiders offering low prices for their IAG stock…
Names make it no deal for QBE
31 July 2007
QBE CEO Frank O’Halloran has described the Lloyd’s market as archaic, lacking transparency and exhibiting potential conflicts of interest after walking away from purchasing…
Calliden cleared for Australian Unity buy
31 July 2007
Niche insurer Calliden has been cleared to buy the general insurance assets of Australian Unity by the Australian Prudential Regulation Authority…
QBE makes Indian play
24 July 2007
Australian insurer QBE has made its first incursion into the $10 billion Indian insurance market…