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A NOTE FROM THE PUBLISHER

This is the final scheduled insuranceNEWS.com.au bulletin for 2014. We will return on February 2, but while we’re in recess any significant industry news will be covered by our Breaking News service.

insuranceNEWS.com.au continued to grow through 2014, welcoming around 2000 more subscribers to bring us to 22,000. In the past year more than 225,000 unique visitors have viewed the site, registering more than 2.5 million pageviews.

Our weekly news and Breaking News bulletins continue to be regarded as the standard information source on the region’s insurance industry. Our readership extends around the world, and we regularly note articles in newspapers and industry publications in Australia and overseas that originated at insuranceNEWS.com.au. 

Breaking News bulletins continue to enjoy very high levels of patronage. We take great care to ensure that this service contains only information that’s truly significant to our readers. Unlike other publications, we don't waste your time with “breaking news” that in many cases isn’t significant, or “breaking”, or even news. 

insuranceNEWS.com.au wouldn’t be possible without the very positive support we receive from the industry – most importantly from our premium sponsors AIG, CGU, Ebix, Premium Funding, QBE, Vero and Zurich. It’s their support that enables us to provide a free service produced by a team of outstanding journalists. Our sponsors deserve your support.

We’d also like to thank the industry leaders, managers and technicians who treat us as an integral part of this dynamic industry and trust us to report their comments and information sensitively and professionally.

And lastly we’d like to acknowledge our legion of subscribers – you and the 21,999 individuals whose interest in our product and trust in our integrity makes working at insuranceNEWS.com.au so rewarding.

The team at Insurance News joins me in wishing you a safe and happy festive season.

Terry McMullan
Publisher

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Local

Insurers, reinsurers report $4.52 billion profit

15 December 2014

General insurers and reinsurers made a combined net profit of $4.52 billion in the last financial year, according to the latest company-level statistics from the Australian Prudential Regulation Authority…

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Brought to you by:
Vero

Corporate

PSC Capital to acquire Lloyd’s broker

15 December 2014

Australian investment company PSC Capital, which includes the PSC Insurance Group, is to acquire 72% of Lloyd’s reinsurance and insurance broker Alsford Page & Gems Holdings in the UK…

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Brought to you by:
The Insurance Broking Specialists - Macquarie Bank

Regulatory & Government

Murray report receives industry nod

15 December 2014

The Financial System Inquiry’s final report has gained broad support from the insurance industry…

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Brought to you by:
CGU

Financial Services

Advisers win battle to restore grandfathering

15 December 2014

The Federal Government has reintroduced grandfathering regulations into the Senate, effective from tomorrow…

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Brought to you by:
Zurich

The Professional

Zurich veteran moves to Vero

15 December 2014

Highly regarded Zurich veteran Anthony Pagano has accepted a role at Vero as State Sales Manager, NSW/ACT…

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Brought to you by:
AIG

International

Lloyd’s chairman predicts decade of growth

15 December 2014

Lloyd’s Chairman John Nelson has delivered an upbeat forecast for the international insurance and reinsurance market…

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Brought to you by:
QBE

Analysis

North Queensland: a competition with no prizes

15 December 2014

The Australian Government Actuary’s third report on north Queensland insurance pricing contains some basic pointers to how insurance works. Unfortunately, it’s cold comfort to residents who have seen premiums soar and politicians who don't understand insurance…

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