IAG signs up for Melbourne CBD site
04 October 2005
IAG has committed to a pre-lease deal for a new building in the Melbourne CBD that will bring all its operations under one roof…
Corporate
Lips sealed on Austbrokers float
27 September 2005
Everyone in the industry seems to know something about ING’s plans for the $100 million float of the operations of its broker cluster Austbrokers, but the group itself is remaining…
New entrant flies into general aviation market
27 September 2005
Assetinsure has entered the general aviation insurance market as Assetinsure Aviation, and has begun trading throughout Australia and the Pacific region…
OAMPS directors offload shares
27 September 2005
OAMPS CEO Tony Robinson and fellow director Hugh Robertson have sold a substantial number of their personal shares in the company…
Zurich sells out of AFS
27 September 2005
Zurich Financial Services Australia is continuing to divest itself of non-core distribution channels by announcing it will relinquish its 39.7% holding in…
Switkowski joins Suncorp board
20 September 2005
Former Telstra CEO Ziggy Switkowski has joined the board of Queensland-based Suncorp-Metway…
Tweed zones in on IAG shareholders… again
20 September 2005
Sharemarket raider David Tweed has targeted Insurance Australian Group for the third time, launching another unsolicited offer for the insurer’s shares…
Promina report wins award
20 September 2005
Promina has won a gold award in New York for its 2005 annual report…
Rates not overly soft, says QBE’s Drabsch
13 September 2005
Public liability and professional indemnity premium rates have reduced in the past 12 months, but pricing is still at a technical rate, says QBE CFO Neil Drabsch…
Profitable Aussie Unity focuses on demutualisation
13 September 2005
Australian Unity members will vote on a demutualisation proposal after the group announced an after tax profit of $13.4 million for the year ended June 30 – up 65% from $8.13 million…
Mixed messages from Swiss Re
13 September 2005
Swiss Re will close its Melbourne office early next year and transfer all client management and facultative underwriting positions to Sydney…
ASIC working with IAG to solve premium issues
06 September 2005
ASIC is working with IAG subsidiary Insurance Australia Limited to fix issues the insurer has been having with policy discounts offered to customers…
Too early to count hurricane costs for QBE
06 September 2005
QBE says it’s too early to estimate the insured damage the company’s US operations might be liable for in the wake of Hurricane Katrina…
Suncorp announces $821 million profit
30 August 2005
Allfinanz company Suncorp has reported a 33% increase in net profit to $821 million for the year to June, with general insurance earnings up 40% to $651 million…
Promina looks for acquisitions
30 August 2005
Promina has reported a 6% increase in net profit to $229 million for the six months to June 30, but its insurance premium margin fell 1.6% short of the industry expectations of 13%…
Record profit for OAMPS
30 August 2005
Competition in the broking market is becoming more intense, with broking behemoth the OAMPS Group saying it’s stepping off the acquisition trail to concentrate on growing…
Calliden set to break even
30 August 2005
After just two months of operation, new general insurer Calliden Group has booked gross written premium of $1.8 million for the first half of this year…
QBE on the acquisition trail
23 August 2005
QBE has announced a record half-year after-tax profit of $491 million, an increase of 43% on the corresponding period last year – and it’s buying up businesses…
IAG pulls record profit with eye on expansion
23 August 2005
Despite posting a record 14.3% rise in net profit to $760 million for its full-year results, IAG took a beating from disappointed investors on Friday…
Axa turns in a strong result
23 August 2005
Axa Asia Pacific Holdings has announced an increase of 36% in profit to $246.4 million for the first half of this year, compared with $181.5 million for the corresponding period last year…