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...
Corporate
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...
Construction starts on Suncorp’s Brisbane headquarters
26 August 2019
Construction has started on a new Suncorp Brisbane headquarters which will bring together employees from three locations in the city...
Ansvar Australia reports higher GWP, small loss
26 August 2019
Ansvar Australia’s gross written premium was buoyed by new business in the first half while an underwriting loss was little changed from a year earlier despite the impact of the Townsville floods...
IAG highlights ‘proud record’ on climate change
26 August 2019
IAG has emphasised its commitment to climate change action, after a shareholder resolution called for clear targets for reducing investment exposure to fossil fuels...
Suncorp behind the wheel with driverless car insights
26 August 2019
Suncorp says it will gain automated vehicle insurance insights from participating in a Queensland research project that is testing cars on public roads...
Insurtech launches ‘inclusive’ travel product
26 August 2019
Digital start-up Insured By Us today launched its retail travel insurance brand, Travel with Kit...
Strong first-half results buoy QBE confidence
19 August 2019
QBE has maintained its earnings targets after a strong first-half which saw net profit increase 29% to $US463 million ($682 million) from a year earlier...
Pemba contests Coverforce stakes held by Resilium owners
19 August 2019
Private equity investor Pemba Capital Partners is seeking court orders to have Coverforce shareholding documents corrected in a dispute centring around equity issued to the owners of the Resilium broking business...
APRA imposes $250 million condition on Allianz
19 August 2019
Allianz has to keep an extra $250 million in capital requirement until the business has finished the remediation work to improve its risk oversight and addressed lapses uncovered in a self-assessment test, the Australian Prudential Regulation Authority says...
Johns Lyng strata buy boosts growth aims
19 August 2019
Johns Lyng Group has bought a controlling stake in Sydney-based strata and facilities management business Bright & Duggan in a deal it says is a “game changer”...
QBE flags customer charter launch
19 August 2019
QBE is launching a new Customer Charter, a project that involved input from more than 100 representatives from the insurer’s property supplier network...
Australian Seniors opens second branch
19 August 2019
Australian Seniors Insurance Agency has opened a second bricks-and-mortar store, building on the successful launch of its first branch last November in Castle Towers, NSW...
Insurer claims NZ first with personal cyber cover
19 August 2019
Auckland-based Delta Insurance has introduced cover to protect individuals and households from cyber-attack losses...
IAG’s net profit rises 16.6%, but insurance profit falls
12 August 2019
IAG’s net profit rose 16.6% to $1.08 billion last financial year, boosted by a windfall of more than $200 million from the sale of IAG’s Thai operations in August last year...