Liquidator halts CBL claims obligation
05 March 2018
New Zealand-based insurer CBL Insurance will not make further payments to policyholders with open claims, court-appointed interim liquidator Kare Johnstone says…
Corporate
QBE faces pressure at AGM to reveal climate change risks
05 March 2018
QBE shareholders will vote at May’s annual general meeting on a resolution requiring the insurer to disclose details of its business exposure to climate change-related risks…
JLT improves profit in Australia, NZ
05 March 2018
JLT’s risk and insurance operations in Australia and New Zealand made a £36.1 million net profit last year, up from £34.1 million in 2016…
New clients lift Ebix Australia result
05 March 2018
Ebix Australia says revenue grew 8% last year, supported by new clients, a major software upgrade for Aon and strong e-commerce…
AUB brings in Mortgage Choice CFO
05 March 2018
Susan Mitchell has been appointed CFO at AUB Group, effective from June 1…
Aon acquires Victorian brokerage
05 March 2018
Aon has acquired Victorian specialist brokerage Affinity Insurance Brokers…
Tower takes steps towards turnaround
05 March 2018
After a tumultuous year of thwarted takeover bids and uncertainty, New Zealand’s third-largest general insurer Tower has reported strong growth and completed a capital raising, signalling its recovery is under way…
IAG appoints CRO
05 March 2018
David Watts has been appointed IAG’s Chief Risk Officer, effective from September…
Broker group Aviso recruits leadership
05 March 2018
Broking company Aviso Group has named former Allianz executive Craig Robson as CEO and industry veteran John Clayton as Executive Chairman…
NZbrokers client numbers jump as expansion continues
05 March 2018
AUB Group’s NZbrokers operation has grown rapidly over the past year, driven by expansion within the current New Zealand network and via its pursuit of acquisition opportunities…
Broking lifts Australian Unity’s GI revenue
05 March 2018
Australian Unity says general insurance operating revenue grew 8.4% to $1.1 million in the first half, driven by a stronger contribution by broking…
ASX lifts suspension on Stream shares
05 March 2018
The Australian Securities Exchange has approved an application by troubled claims services group Stream to lift the suspension of its shares…
Ensurance sinks to bigger loss
05 March 2018
Broker and insurance technology group Ensurance incurred a larger loss in the six months to December 31 due to a one-off impairment charge and UK expansion costs…
Suncorp strikes deal over written-off vehicles
05 March 2018
Suncorp New Zealand has signed a five-year agreement with pre-owned vehicle retailer Turners Cars to manage the sale of vehicles written off by the insurer…
IAG releases property, motor repair quality report
05 March 2018
IAG carried out 43,478 inspections of motor vehicle repairs and 6200 inspections of property repairs in 2016/17…
Sinking CBL appoints voluntary administrators
26 February 2018
CBL Corporation, which has been ordered into interim liquidation by the New Zealand High Court, has appointed KordaMentha as voluntary administrators…
AUB cashes in on hardening market
26 February 2018
AUB Group has reported a net profit of $23.8 million for the six months to December 31, up 91.5% on the corresponding period in 2016…
QBE parts with Latin American business, reports loss
26 February 2018
QBE will sell its Latin American business to Zurich Insurance Group for $US409 million as part of a wider overhaul to improve group performance…
Rate rises, expansion push up Steadfast profit
26 February 2018
Steadfast says profit grew 8.4% in the first half, driven by rising premiums, acquisitions and underwriting agency gains…
Acquisitions lift PSC half-year results
26 February 2018
PSC Insurance Group has reported a sharp rise in first-half net profit, up to $20.3 million from $5.2 million in the corresponding period of 2016, powered by solid performances from acquisitions made last year…