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PSC takeover likely to close in October

26 August 2024

Ardonagh’s $2.3 billion acquisition of PSC Insurance Group is expected to take effect in October, assuming shareholders vote in favour of the deal at meetings next month...

AUB plans further agency, UK growth

26 August 2024

AUB Group says it aims to grow its Australian agencies and UK retail broking businesses after booking a double-digit rise in 2023-24 earnings...

Mortgage trends dent Helia GWP, profit

26 August 2024

Helia’s Group’s gross written premium fell 11% to $85.9 million in the first half as banks self-insured and fewer property buyers borrowed at levels requiring lenders’ mortgage insurance...

AMA loss narrows after business reset

26 August 2024

Collision repairer AMA Group has reported a full-year net loss of $6.8 million, improving from a $146.8 million deficit after board and senior management changes and actions to turn around the business...

Premium gains, investments boost Suncorp earnings

19 August 2024

Suncorp’s full-year net profit after tax increased 11.8% to $1.197 billion on stronger premium and investment returns, and with natural hazard costs below the annual allowance...

Allianz Australia earnings rise sharply

12 August 2024

Allianz’s general insurance business in Australia recorded stronger results in the second quarter, lifted by higher renewal rates and a drop in claim-related losses...

Mitsui Sumitomo recruits distribution chief

12 August 2024

Mitsui Sumitomo Insurance has appointed David Hall as head of distribution and says it is looking to engage more with underwriting agencies as “a key pillar of its growth strategy”...

Johns Lyng builds on strata management portfolio

05 August 2024

Johns Lyng Group has stepped up its investment in strata management companies, announcing the acquisition of SSKB and its portfolio of more than 44,000 lots across 790 schemes in the eastern states...

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