NRMA healthy but under observation
01 May 2001
NRMA’s present high-profile problems aren’t doing much to bolster consumer confidence in the general insurance industry…
Corporate
NRMA buyback going well
24 April 2001
No real progress figures are available at this point, but NRMA’s share buyback scheme is understood to be progressing satisfactorily…
Fit for business
24 April 2001
QBE MD Frank O’Halloran isn’t a man entirely comfortable in the limelight, unless he’s talking about his company or commenting on industry matters…
QBE raises extra capital
24 April 2001
QBE raised $273 million last Tuesday night through a placement to individual investors…
InsNet reaches sunrise milestone
17 April 2001
InsNet has completed core development for the first phase of its Sunrise program…
Heath Lambert adds a US connection
10 April 2001
Global broker Heath Lambert has signed an agreement with US brokerage Acordia Inc to create HLA Global…
Calm will return as Whitlam steps down
03 April 2001
The decision by Nicholas Whitlam to resign as Chairman of NRMA Insurance has been generally welcomed by the market…
AMP shrugs off sale rumours
27 March 2001
AMP is continuing to stonewall speculation on the future of its general insurance arm. But recent statements by Chief Executive Paul Batchelor that the company has a range of options…
QBE turns in a big result
20 March 2001
The sharemarket’s favourite insurer, QBE, has repaid shareholder support with a 28% increase in net profit for the first six months of the financial year…
Philips Fox tops lawyer poll
20 March 2001
Sydney-based law firm Phillips Fox is celebrating after its Insurance and Financial Services team was named “Best Insurance Practice” at the inaugural 2001 Australian Law Awards…
Kulk hails R&SA result
13 March 2001
Royal & SunAlliance’s chief for the Asia-Pacific region, Ewoud Kulk, is pretty happy with the region’s contribution to the company’s 2000 operating profit of about $1.4 billion…
HIH, QBE form corporate joint venture
06 March 2001
HIH has moved to shore up its threatened corporate insurance portfolio by forming a joint venture with QBE…
AMP puts losses behind it
06 March 2001
AMP’s 2000 net profit was the ideal way to signal the end of the GIO debacle…
AMP general performs - but is it enough?
06 March 2001
AMP General insurance – like many general operations the poor relation in its parent’s diverse divisions – returned 8% return on invested capital…
NRMA takes a big dive
06 March 2001
Like AMP, NRMA is looking at its options on how to handle the area it’s least experienced in…
OAMPS returns a happy result
27 February 2001
OAMPS has announced a record half-yearly net profit after tax of $3.4 million, with the net profit exceeding the result for the previous full financial year…
… but lower profits tipped for the big Australians
27 February 2001
NRMA and AMP will announce their second-half results this week, and analysts are tipping lower profits thanks to falling investment returns…
Fortis doing well in Australia
20 February 2001
Dutch/Belgian insurance conglomerate Fortis is very happy with the way its Australian arm is performing, says Australia MD Vyn Tozer…
Actionquote sold
13 February 2001
Major online insurance hub Netxsurance has bought software and IT services provider Actionquote from Misys for an undisclosed amount…
$200 million, and more to come
13 February 2001
A cheque for $200 million from Allianz has sweetened HIH’s restructuring program. Chief Executive Randolph Wein told the ASX on Friday that the payment…