Skip to content
30 July 2015
IAG expects a maximum net claim cost of $65 million from the earthquakes and aftershocks that shook Christchurch on June 13.
The insurer says the figure has been calculated after allowing for a $50 million reinsurance recovery. At June 30 it had a maximum event retention of $165 million for a future event.
The impact of the quakes will be reflected in the group’s profit for the year to June 30, but will not change guidance IAG gave the market in February. MD Mike Wilkins says IAG still expects to report an insurance margin in the range of 8-10% for the year and underlying gross written premium growth of 3-5%.
He says IAG will incur estimated net natural period claim costs of around $600 million, offset by a higher contribution from reserves, which are expected to exceed the $228 million reported in the 2010 financial year.
IAG will announce its full-year result on August 25.
30 July 2015
Responsible for renewal of existing business into Capricorn Risk Services and develop new business to achieve predetermined sales targets.
28 July 2015
Gallagher Bassett Services is a growing business that is expanding its team through the addition of an Business Development Manager within the general insurance division.
23 July 2015
Looking for a career in insurance? A great opportunity has arisen within the general insurance industry servicing the Murraylands, Adelaide Hills and Fleurieu Peninsula in South Australia.
22 July 2015
An iconic SA brand, RAA Insurance is seeking an experienced Senior Home Loss Adjustor to oversee the home loss adjustment function to ensure overall service delivery requirements are achieved and act as a point of reference for escalations, audits and quality control issues.
9 July 2015
We are looking for an individual who has a wealth of experience within the General Insurance sector coupled with extensive staff management and development skills.
8 July 2015
Use your motor claims knowledge and experience in this critical role with Australia's number 1 heavy motor insurer.