Suncorp surges 61% on last year
31 August 2004
Suncorp Metway has announced a record 61% increase in net profit for 2003/04 of $618 million, and most of it came from general insurance…
Corporate
Promina up 51% for the half
31 August 2004
Promina Group has outperformed expectations since its successful initial public offering last year…
Reinsurer all set with plan to be an insurer
31 August 2004
ReAC has recorded a half-year profit of $6.75 million, compared with $1.17 million last year, and its run-off of assets and liabilities is nearly finalised…
IAG plans to cut IT costs
31 August 2004
No. 1 local insurer IAG plans to eliminate duplication of hardware and software systems over the next year in a bid to reduce technology costs…
Fishing for marine staff
24 August 2004
CGU’s decision early this year to enter the marine insurance market after it had to drop its joint ownership in Associated Marine Insurers is proceeding…
Bumper profit for IAG – and ambitions for Asia
24 August 2004
IAG has announced a net profit of $665 million for 2003/04, compared with $153 million in the previous year…
QBE turns in a premium performance
24 August 2004
Can things get any better for No. 5 insurer QBE Insurance…?
OAMPS contemplates acquisitions as profit jumps
17 August 2004
Australian broking network OAMPS has recorded a 36% jump in full-year net profit to $24.6 million, beating everyone’s expectations – including its own…
Lumley helps Wesfarmers to record profit
17 August 2004
Lumley Insurance has helped parent company Wesfarmers achieve an 18% profit increase – a result that analysts say is solid but at the lower end of market expectations…
Policycomparison expands to NZ
17 August 2004
Australian-owned and operated website Policycomparison.com, which allows brokers to compare a wide range of insurance policies, has been made available to New Zealand brokers…
Elders profit flies high
17 August 2004
Elders Insurance has achieved a big improvement in profit with earnings before tax of $13 million for the latest financial year against $1.1 million previously…
Axa’s billion dollar buyout strategy
10 August 2004
The French parent of Axa Asia Pacific Holdings, Axa SA, has made a $3.1 billion bid for the minority shareholding in the company to improve its capital structure…
New director for AMP
10 August 2004
AMP has announced the appointment of financial services professional John Astbury as a non-executive director, leaving Richard Grellman as the only director…
Paradine goes to LawCover
03 August 2004
The LawCover group of companies has appointed former Marsh Asia-Pacific Chairman Terry Paradine as Chairman…
Zurich rating confirmed
03 August 2004
Standard & Poor’s has affirmed its “A” insurer financial strength and counterparty credit ratings on non-life insurer Zurich Australian Insurance and life insurance subsidiary Zurich Australia…
AMP may gain greater foothold in India
03 August 2004
AMP may benefit from a foreign investment decision being debated in the Indian parliament…
Risk management for charities
03 August 2004
Broker Arthur J Gallagher has launched a new website aimed at not-for-profit organisations to access risk management products and resources…
Zurich launches risk tools
27 July 2004
As part of its broader push into the life risk market, Zurich Financial Services Australia is launching new risk tools aimed at supporting advisers…
Vero NZ buys auto insurer
27 July 2004
Promina subsidiary Vero New Zealand will acquire the motor vehicle, consumer goods warranty and credit insurance business of NZ insurer Autosure Group Holdings…
Name change for Guardian
20 July 2004
Guardian Trust Funds Management, one of New Zealand’s largest investment managers, has changed its name…