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…
Corporate
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…
AMP set to double by 2010
23 August 2005
AMP is out of the doldrums, recording a net profit of $393 million in the six months to June 30, compared with $321 million a year ago…
It’s profits time
16 August 2005
It’s profits week, so stay tuned for the half-year and annual results of most local insurance companies…
Ratings outlook stable for major insurers
16 August 2005
Suncorp and Allianz Australia have retained positive ratings…
Elders posts a healthy result
16 August 2005
The largest rural insurance provider in Australia, Elders Insurance, has posted healthy results for the first half of this year…
Dropping commercial rates won’t affect results… for now
09 August 2005
Falling commercial premiums won’t have an immediate effect on insurers’ upcoming half-year results, according to JP Morgan analyst Shane Fitzgerald…
We’re going for organic growth, says OAMPS
02 August 2005
Insurance broking network OAMPS says there’s no truth to the rumour that it’s up for sale, and it’s intent on focusing on organic growth rather than disappearing…
Support group absorbs Zurich arm
02 August 2005
Sydney-based financial services provider Paragem Partners has acquired Zurich Australia’s licensee support service business, Zurich Solutions, which trades as DBOS…
More international growth for QBE
02 August 2005
QBE has bought US insurer National Farmers Union Property and Casualty and its subsidiary United Security Insurance in a move that will increase the company’s…
IAG adds a top-level manager
02 August 2005
IAG has made some more changes to its top-level executive team, adding a new position to support international expansion, the planned retirement of the Deputy CEO…
IBNA considers succession arrangements for members
26 July 2005
IBNA is considering adopting a plan that would assist member brokers to sell their businesses within the insurance cluster, thereby ensuring the brokerage remains an IBNA member…
New player set to launch
26 July 2005
Nautilus Marine Insurance Agency – managed by former managers of top-performing Allianz Australia subsidiary Club Marine – will be launched on the Australian market…
Promina announces new exec line-up
19 July 2005
Promina has announced a new executive line-up that will see the diversified financial services provider managed by an executive management team of six…
Australian Unity raises the possibility of de-mutualising
12 July 2005
Australian Unity – one of the dwindling pool of mutual insurers operating in Australia – has once again opened up for debate the possibility of a demutualisation…