Insurers tipped to report flatter results
08 August 2006
Many of the big insurers will be announcing their financial results over the next few weeks, and the forecast for another year of record profits is looking a little cloudy…
Corporate
Suncorp expects to shine
08 August 2006
The insurer with most to lose from Cyclone Larry seems to have escaped unscathed, last week upgrading its full-year expectations by about 19%…
Axa announces bumper profit
08 August 2006
Axa Asia Pacific Holdings has announced an increase of 23.3% in profit after tax and before non-recurring items to $303.8 million for the six months ended June 30…
Brokers get lessons in selling themselves
01 August 2006
NIBA brokerages around Australia have begun receiving the first instalment of a new marketing kit intended to help them reach new customers and build on their existing…
Another alliance – but is it important?
01 August 2006
Alliances between minor service providers and insurance companies are hardly unusual…
OAMPS forecasts 15% profit boost
01 August 2006
Just in case anyone thought falling rates might equate to falling profits, OAMPS Group announced this morning that it expects a rise of nearly 15% in its full-year after-tax profit…
OAMPS takes big regional transport broker
25 July 2006
OAMPS is showing few signs of halting its relentless takeover drive, adding another two enterprises to its stable…
Suncorp in M&A speculation again
25 July 2006
It’s only media speculation, but Brisbane-based Suncorp is at the centre of acquisition rumours again…
Stardex a new underwriting force
25 July 2006
Underwriting agency Dexta Corporation has formed a central controlling company, Stardex Insurance Group, to better diversify and promote growth…
Axa drops Winterthur Japan acquisition
25 July 2006
Despite entering an agreement last month, Axa Asia Pacific Holdings has decided not to buy the Japanese operations of global insurer Winterthur Group…
Euler Hermes finalises takeover
25 July 2006
International credit insurer Euler Hermes has finalised its acquisition of Lumley General Insurance’s credit insurance business in Australia and NZ…
OAMPS partners with HSBC
18 July 2006
OAMPS Insurance Brokers has linked up with HSBC Bank Australia in a bid to offer insurance solutions to the bank’s commercial customers…
OAMPS shrugs off de-merger rumour
18 July 2006
OAMPS isn’t about to split its banking and broking operations and it wouldn’t talk about it even if it was…
Suncorp an investment risk: Citigroup
18 July 2006
Queensland bancassurance group Suncorp is struggling for growth opportunities and represents a “medium risk” investment, according to Citigroup Investment Research…
Horsell increases its profile
11 July 2006
Broker Horsell International has acquired Melbourne brokerage Stewart Haig Insurance Brokers and Weston Insurance Services – which operates in both Sydney and Melbourne…
China deal will take a while for IAG
11 July 2006
IAG’s latest Asian acquisition could take up to four months to complete, with Chinese regulators set to pore over every detail of the deal…
New CEO at Nautilus
04 July 2006
Ian Frith, the recently retired founder of heavyweight national insurance broker IC Frith & Associates, has become CEO and major shareholder of Nautilus Marine Underwriting…
Australian Unity votes to stay mutual
04 July 2006
Australian Unity members have voted against demutualising the organisation…
IAG buys 24.9% stake in Chinese insurer
04 July 2006
IAG has finalised its deal to buy nearly a quarter of China Pacific Property Insurance for $375 million…
QBE demands confidential details
04 July 2006
IAG and Suncorp have directed their external law firms not to provide confidential claims data and fee arrangements to QBE as part of a tendering process.…