Name change for Vero’s credit card service
25 November 2003
Promina subsidiary Vero has changed the name of its specialist financial card and personal possession protection service, Credit Card Sentinel, to Secure Sentinel…
Corporate
IAG conservative over future profits
18 November 2003
IAG is well on its way to achieving a solid 2003/04 performance after announcing a revenue increase of 45% to $5.2 billion for the 2002/03 year – but CEO Michael Hawker knows it…
AMP holds on to a GIO legacy
11 November 2003
AMP is having a terrible year, but that doesn’t mean it’s going to sell off its assets cheaply…
IAG keeps insurers’ corporate governance flag flying
11 November 2003
Only 15 of Australia’s top 250 companies have received the highest rating in a study into corporate governance procedures…
Mohl waits, and so does Westpac
04 November 2003
AMP has sent out its demerger tome to its shareholders, and now all CEO Andrew Mohl has to do is wait for a shareholder vote…
Mohl defends golden handcuffs
28 October 2003
Even as he tries to restructure the battered but still powerful AMP, CEO Andrew Mohl is also having to defend the $38 million of retention payments the group is handing out…
Promina’s acquisition wish-list
30 September 2003
Rumours that Vero in New Zealand has its eye on the general insurance assets of listed insurer Tower have been quickly downplayed by Vero’s Australian parent…
AMP may have snared ‘superwoman’
23 September 2003
Following last week’s announcement that AMP had delayed its demerger program for two weeks, media speculation is mounting that British investment manager and industry…
IAG cuts board perks
09 September 2003
Insurance Australia Group has reduced its board by two, scrapped retirement benefits for new directors and frozen the retirement benefits being paid to existing board members…
NAB to pay $67.2 million over funds breaches
09 September 2003
NAB’s wealth management arm has reached an agreement with the regulators to pay $67.2 million compensation to customers of its managed fund business over unit price breaches…
OAMPS profit jumps 57%
02 September 2003
Diversified insurance broking group OAMPS has announced a record net profit of just over $18 million for the year…
Promina’s track to success
02 September 2003
Promina has rewarded the faith of investors who bought shares in it’s $1.9 billion IPO earlier this year with a higher-than-expected half-year net profit of $135 million…
Suncorp: profits don’t halt falling share price
02 September 2003
Suncorp Metway’s $1.26 billion acquisition of GIO seems to have paid off, with the group’s annual net profit up by 23%…
Promising results for IAG
26 August 2003
Michael Hawker, CEO of No 1 general insurer Insurance Australia Group, has taken advantage of the most profitable market in years and the purchase of a top 10 competitor to record…
Record profit for QBE
26 August 2003
QBE has announced a half-year net profit of $241 million, compared with $115 million for the same period last year…
OAMPS continues acquisition plan
19 August 2003
Major broker OAMPS is adding two more brokerages to its expansive portfolio…
Insurers tell all this week
19 August 2003
AMP is set to announce its results on Wednesday, with shareholders expecting a first-half loss of more than $2 billion on top of the group’s $2.6 billion writedowns…
Another horror week for Mohl
12 August 2003
It’s been a horror week for AMP CEO Andrew Mohl…
IAG spins Circle off into NZI
12 August 2003
Just a couple of years after being created to capture a slice of the NZ broker market, IAG subsidiary Circle is heading into a quiet retirement…
For sale: one life insurance company
05 August 2003
Want to buy a thriving life company that nobody else seems to want…?