Skip to content
28 February 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.
27 February 2015
2 Positions - Orange and Young I Manage existing clients and excellent growth opportunities I Competitive salary commensurate with experience
25 February 2015
We are seeking a highly motivated sales enthusiast to join our young growing organisation.
25 February 2015
Exciting opportunities available with one of regional Australia's leading Insurance Brokers! Both Branch Management and new Broking Account Management roles are available. We are building for growth and want motivated Insurance Broking Professionals to join our team.
23 February 2015
Terrific role for an ambitious broker with the drive and ability to progress quickly in the right environment! Great manager and long term opportunities.
19 February 2015
Opportunity to lead a committed team of professional insurance account managers with a focus on retention and business development.
18 February 2015
BJS Insurance Brokers is seeking a dynamic Account Manager in its Perth office.