ArgoGlobal pulls plug on ‘unsustainable’ Asia
09 September 2019
ArgoGlobal will ditch its business in Asia to focus on other markets that offer better earnings potential...
Corporate
Suncorp’s ACM may be next business on the block
09 September 2019
Suncorp is considering options for its ACM automotive parts business, including a potential sale, as it also looks to wrap up a review this year of its Capital Smart Repairs business...
James Sinclair takes lead at Mega Capital
09 September 2019
Specialist professional risks broker Mega Capital has appointed James Sinclair as CEO...
QBE launches supplier platform
02 September 2019
QBE today announced the launch of a property-focused supplier platform that integrates its claims management systems with supply chain partners...
Loss-making Stream sinks deeper into red
02 September 2019
Software provider Stream recorded a $3.52 million net loss for the year to June 30 as the business suffered a non-cash $2.9 million impairment charge...
TravelCard launches charity partnership
02 September 2019
Broker-focused insurer TravelCard has launched a charity scheme enabling intermediaries to nominate causes close to their hearts...
Updated IAG risk assessments hit Coles policyholders
02 September 2019
IAG says updates to its flood modelling have led to a small number of cases where coverage is no longer being provided to Coles home insurance customers...
Flamingo Ai remains a dark shade of pink
02 September 2019
Insurtech Flamingo Ai has recorded a full-year net loss of $7.2 million, down from $8.3 million a year earlier...
Ensurance narrows loss as UK focus pays off
02 September 2019
Underwriting agency Ensurance has sharply reduced its losses in the past financial year to $1.4 million from $8.7 million in 2017/18...
Anti-Adani protesters target AIG
02 September 2019
AIG has been handed a petition by anti-Adani activists, demanding the US insurer declare that it is not providing insurance for the Carmichael coalmine project in central Queensland...
PSC set to wrap up Paragon acquisition
02 September 2019
PSC Insurance Group is on track to complete its acquisition of London-based Lloyd’s broker Paragon International this month after gaining UK regulatory clearance...
Steadfast targets higher earnings after robust results
26 August 2019
Steadfast is anticipating higher earnings after record premiums sparked by a hardening rate environment fuelled a 37% rise in net profit to $103.8 million in the year to June 30...
Brooklyn aims to hire ‘24 extra heads’
26 August 2019
Axa XL-owned Brooklyn Underwriting today announced plans to hire another two dozen underwriters and claims staff to support the growth of its SME business...
AIMS overhaul to boost profitability, AUB says
26 August 2019
AUB Group CEO Mike Emmett says an overhaul of the AIMS operation following a split with Insurance Broking Network Australia, will drive improved efficiencies...
PSC sees more earnings upside as acquisitions pay off
26 August 2019
PSC Insurance Group has predicted another strong earnings season ahead after reporting an 18% rise in underlying revenue to $119 million in the last financial year...
CHU joins environmental initiative
26 August 2019
CHU today announced it is supporting a tree-planting project as part of the strata insurer’s efforts to reduce its carbon footprint...
Claim Central acquires motor specialist Hello Claims
26 August 2019
Digital claims management firm Claim Central Consolidated has acquired motor claims specialist Hello Claims after four years of co-development...
S&P affirms Suncorp ratings
26 August 2019
Suncorp Group can expect “continued solid earnings” from its property and casualty business, S&P says, as it affirmed its credit ratings of the Queensland-based financial services provider...
iSelect loss narrows as insurance assists turnaround
26 August 2019
Comparison website iSelect has reported a loss of $3.66 million, narrowing from $15.42 million a year earlier, with general insurance contributing to an improved underlying performance...
Johns Lyng sees more windfall from insurance arm
26 August 2019
Johns Lyng Group expects its insurance-linked arm to be an even bigger earnings driver after the business performed strongly for the year to June 30...