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Corporate

Losses continue to grow at Calliden

30 January 2012

Calliden Group has said its unaudited loss for the 2011 calendar year will be between $11.5 and $12.5 million:

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QBE performance wobbles

30 January 2012

Shares in QBE are wallowing in the doldrums after it warned in mid-January of a 40-50% profit and dividend cut…

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Disasters bite into Wesfarmers’ insurance profit

30 January 2012

Wesfarmers Insurance Division has warned it will suffer a 75% fall in net profit in the first half of the financial year…

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Suncorp sees big opportunities in AMP deal

30 January 2012

Suncorp will build a new stand-alone brand and develop alternative sales channel approaches through its newly acquired AMP General Insurance Distribution business…

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IAG secures additional reinsurance

30 January 2012

IAG has increased its catastrophe reinsurance by $600 million to $4.7 billion for this year…

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IAG moves to buy NZ and Malaysia businesses

30 January 2012

IAG has followed up its proposal to pay $380 million to buy New Zealand insurer AMI’s non-earthquake affected business with an acquisition in Malaysia…

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Chartis centralises prestige house and contents group

30 January 2012

Chartis Insurance has centralised the underwriting operations of its Private Client Group to its head office in Sydney…

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Axis Capital appoints ex-Zurich chief

30 January 2012

Former Zurich Australia CEO David Smith has begun work as CEO and Country Manager of Australia Operations for Axis Capital Holdings…

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Westcourt offers premium funding

30 January 2012

Perth-based Westcourt General Insurance Brokers has moved to provide premium funding to its network of authorised representatives…

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Allianz appoints new regional chief

30 January 2012

Former HSBC Insurance chief David Fried has left the London-based banking giant after 20 years to become Regional CEO of Allianz Asia Pacific, based in Singapore…

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Hutcheon appointed to Vic state insurer

30 January 2012

Former CGU executive Warren Hutcheon is the new CEO of the Victorian Managed Insurance Authority…

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