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Losses continue to grow at Calliden

Mon, 30 Jan 2012 14:07:00 +1100

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

QBE performance wobbles

Mon, 30 Jan 2012 14:06:00 +1100

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

Disasters bite into Wesfarmers� insurance profit

Mon, 30 Jan 2012 14:06:00 +1100

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

Suncorp sees big opportunities in AMP deal

Mon, 30 Jan 2012 14:04:00 +1100

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

IAG secures additional reinsurance

Mon, 30 Jan 2012 14:04:00 +1100

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

IAG moves to buy NZ and Malaysia businesses

Mon, 30 Jan 2012 14:03:00 +1100

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…