OAMPS enters sports and leisure niche
09 March 2004
Ever-expanding broking network OAMPS has bought national sports and leisure specialist IEA Brokers…
Corporate
IAG consolidates its market lead
02 March 2004
Insurance Australia Group has further cemented its position as Australia’s leading insurance company, announcing a stronger than expected profit…
General insurance shines for Suncorp
02 March 2004
No 2 insurer, diversified financial services company Suncorp, has recorded an 81% increase in net profit to a record $281 million for the six months to December 2003…
Promina does well on debut
02 March 2004
Promina says it will raise up to $300 million for “growth projects” after a dream 2003 debut profit of $298 million – $110 million higher than predicted.
QBE surges back
02 March 2004
QBE Insurance appears to have shaken off bad memories of September 11 with a record 105% increase in net profit for 2003…
Better equity markets help Axa profit
02 March 2004
In keeping with other financial services groups, Axa Asia Pacific Holdings has recorded strong profits for 2003 with a 97% increase in after tax profit…
SRS sets up construction facilities
02 March 2004
SRS Insurance Group has established two separate construction underwriting facilities, one for material damage and the other for liability.
Zurich finally lands Associated Marine – for a song
24 February 2004
Zurich Australia has now officially taken over CGU’s share in Associated Marine…
Brokers bulk up by joining forces
24 February 2004
Austbrokers Central Coast – a member of the national broking network Austbrokers – will soon become the region’s largest brokerage…
AMP raises its sights on profit
24 February 2004
AMP indicated yesterday that its 2003 results would be much better than previously predicted…
Lumley lifts Wesfarmers profit
17 February 2004
Wesfarmers CEO Michael Chaney had something to smile about last week when the company announced a record half-yearly profit of $601 million…
Telstra retires InsNet domain name
17 February 2004
InsNet.com is on the way out – at least in cyberspace…
IAG expands reach in Tasmania
10 February 2004
IAG subsidiary NRMA Insurance has expanded its services to Tasmania, offering home and motor insurance – but its major competition will be from its own sister companies…
OAMPS plays down NAB litigation costs
10 February 2004
National broking network OAMPS is confident it won’t have to pay any of National Australia Bank’s claim for costs…
OAMPS keeps growing
03 February 2004
OAMPS says it will continue its long-term acquisition program throughout the year in a bid to offer “even better rewards” to shareholders…
Telstra drives new automotive solution
03 February 2004
Experience gained through setting up the Sunrise Exchange network is being used by Telstra in a new automotive industry venture…
Ad campaign focuses on intermediaries
03 February 2004
Zurich Australia is relaunching its brand to the public by highlighting its partnership with brokers and financial planners…
Wyatt calls it quits
03 February 2004
Peter Wyatt, CEO and MD of national claims management company Wyatt Gallagher Bassett, has resigned from the company after selling his 50% share…
Oops! Promina downgrades upgraded prediction
03 February 2004
2003’s benign claims environment may have led to one of the best underwriting periods in history…
Melbourne brokerages merge
03 February 2004
Long-standing Melbourne broker Monash Insurance Brokers has merged with Monbulk-based Professional Insurance Brokers…