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Corporate

IAG flags hit to earnings

27 July 2020

IAG expects to record sharp falls in earnings for the last financial year as the business copped a huge blow from adverse natural perils, prior period reserving and credit spread factors...

Genworth explains promissory notes issuance to Axa

27 July 2020

Genworth Mortgage Insurance Australia says Axa does not have “any ability to control votes attached to secured shares” in the business after the French insurer was issued promissory notes that are backed by a portion of its US-based parent’s stockholding...

Perth broker expands into SA

20 July 2020

Perth-based broker Mavco Insurance Group is expanding with the addition of a new office in Adelaide which it says will support a growing number of east coast clients...

RACQ Insurance selects local insurtech

20 July 2020

RACQ Insurance has partnered with Brisbane-based insurtech ENData to digitise its home and contents claims, speeding resolution and keeping its members connected and up to date...

PSC commits to pre-virus earnings target

13 July 2020

PSC Insurance Group says its business performed strongly in the last few months, placing the broker in a good position to meet the earnings guidance it had set before the virus pandemic erupted in March...

Impact of Qamvis liquidation 'unclear'

13 July 2020

Liquidators say it is not yet clear whether there will be a return to unsecured creditors following the collapse of construction-focused insurance group Qamvis...

QBE to quit India

13 July 2020

QBE will sell its insurance joint venture in India as the insurer presses on with shedding non-core assets, freeing up resources to focus on its key markets including Australia and North America...

McLardy McShane presses on with growth plans

13 July 2020

McLardy McShane Group CEO Don McLardy says the Melbourne-based broker is pushing on with plans to grow the business, despite the current difficult economic climate caused by the virus pandemic...