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14 February 2016
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.
11 February 2016
Full-time General Insurance Account Executive – Parramatta
10 February 2016
• Be part of a team with bold ambitions for the future and a positive change agenda • High visibility role leading an in-bound sales team • Conversion of sales leads and managing external referral partner relationships
10 February 2016
- Lead a team who delivers a remarkable experience for existing small business clients - High-profile role, with bold ambitions for the future to create a new culture centred on service excellence
3 February 2016
• Be part of a professional and dynamic team • Great working conditions • Suited to highly motivated sales individual • Excellent benefits
28 January 2016
With over 14,500 talented employees across Australia and New Zealand, the Suncorp Group prides itself on helping people build and protect their dreams.
22 January 2016
As a key member of NTI’s dynamic, innovative and highly motivated national sales team, you will develop and manage a portfolio of key business relationships within Queensland.