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IAG shuffles executive pack as profit falls 50%
IAG this morning forecast a 50% fall in its full-year net profit and announced a reshuffle of key executives…
Corporate | 27 Jul 2010 11:46am
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Brokers report ‘modest increases’ in premiums
A new survey of brokers has revealed most observed moderate increases of 1%-9% in commercial lines in the June 30 renewal period, while personal lines policies rose by 10%-30%…
Local | 26 Jul 2010 01:58pm
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Australian storm claims hit $2 billion
Insured losses from the March storms in Melbourne and Perth have reached the $2 billion mark…
Local | 26 Jul 2010 01:57pm
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Insurers recognised at business awards
A number of insurance businesses have won categories at this year’s Australian Business Awards…
Local | 26 Jul 2010 01:55pm
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Increased complaints boost FOS numbers
The Financial Ombudsman Service is looking for more staff, including risk insurance specialists, to handle a growing number of complaints…
Local | 26 Jul 2010 01:54pm
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CGU boss calls for fire services funding reform
CGU CEO Duncan West wants the Victorian Government to overhaul the way fire services are funded, slamming the existing system as “grossly unfair”…
Local | 26 Jul 2010 01:54pm
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MYI Freemans buys specialist
MYI Freemans has acquired risk specialist Aspeck Holdings in a move to expand its presence in the risk management area…
Corporate | 26 Jul 2010 01:52pm
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QBE sounds profit warning
QBE shares fell this morning after the insurer announced a shock 40% drop in expected half-year net profit…
Corporate | 26 Jul 2010 01:52pm
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Good results at CommInsure
Commonwealth Bank of Australia’s insurance premiums were up 2.5% to $1.58 billion for the June quarter…
Corporate | 26 Jul 2010 01:51pm
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QBE acts as recommended insurer in eGroup exit
QBE will act as the recommended insurer for eGroup customers following the withdrawal of the UK-based insurer from the Australian market…
Corporate | 26 Jul 2010 01:51pm
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Zurich appoints new manager to drive Z.stream upgrades
Zurich has hired former Suncorp Executive Manager GIO Personal Lines, Shaun Feely, to drive the latest upgrades to its online processing platform, Z.streamXpress…
Corporate | 26 Jul 2010 01:50pm
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Search is on for new terrorism reinsurance pool boss
Recruiters are seeking a new boss for the Australian Reinsurance Pool Corporation following the retirement of inaugural CEO Neil Weeks after seven years in the role…
Regulatory & Government | 26 Jul 2010 01:49pm
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Retail credit ratings agency launched
Insurance brokers are likely to be big users of new domestic credit ratings agency Australia Ratings, which has become the first agency licensed to rate local retail and institutional…
Regulatory & Government | 26 Jul 2010 01:48pm
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NZ insurers to benefit from GST amendments
The New Zealand insurance industry is set to benefit from transitional relief to be granted to firms ahead of an increase in GST from October…
Regulatory & Government | 26 Jul 2010 01:48pm
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WorkCover WA announces new board member
WorkCover WA has appointed Ian Williams as its board member with insurance expertise, replacing QBE’s Regional Manager WA/NT Steve Burns who has completed his three-year term…
Regulatory & Government | 26 Jul 2010 01:47pm
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Axa profit falls 19%
Axa Asia Pacific Holdings is set to record a 19% fall in half-year net profit after announcing an unaudited net profit of approximately $220 million last week…
Financial Services | 26 Jul 2010 01:45pm
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IFSA becomes Financial Services Council
The former Investment and Financial Services Association has ratified the organisation’s name change and expanded mandate to become the Financial Services Council…
Financial Services | 26 Jul 2010 01:44pm
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Life premiums on the rise
Life insurance premium inflows for the 12 months ending March were up 10.8% to $8.4 billion, according to research house Plan For Life…
Financial Services | 26 Jul 2010 01:44pm
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Life buying habits revealed
Maintaining lifestyle was the most common reason why people buy income protection insurance, a new survey has found…
Financial Services | 26 Jul 2010 01:43pm
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Negative rating maintained on AIA
Research house Moody’s is maintaining its Aa3 rating (negative outlook) on AIA despite the appointment of a new CEO…
Financial Services | 26 Jul 2010 01:43pm
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