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Corporate

Suncorp prices five-year debt transaction

14 August 2017

Suncorp says a $500 million debt transaction in the local market has been priced at a favourable level, with good support from investors after the company’s positive annual results…

Suncorp profit rises on Australian GI gains

07 August 2017

Suncorp’s earnings increased 3.6% to $1.08 billion last financial year after a jump in profit from the Australian insurance division due to pricing improvements and lower claims costs…

Genworth first-half profit drops

07 August 2017

Genworth Mortgage Insurance’s first-half net profit fell 34.7% to $88.7 million, reflecting lower sales and revenue…

Tower ‘can survive’ without Vero deal

07 August 2017

New Zealand’s Commerce Commission has released the detailed reasoning for its decision to block Vero’s acquisition of Tower, saying there are other viable options for the target group…

Allianz fills senior marketing, risk roles

07 August 2017

Nick Adams has been appointed Chief Market Manager at Allianz, while Lori Callahan will replace Noeline Woof as Chief Risk Officer when she retires in November…

Ando partners with Claim Central

07 August 2017

New Zealand underwriting agency Ando says it will use Claim Central Consolidated’s ClaimLogik technology to “revolutionise” its property claims process…

IAG opens Sydney innovation hub

31 July 2017

IAG has opened its “innovation incubator” in Sydney as it continues to push customer-led and data-driven growth…

Ex-SRS owners sue Gallagher over payout

31 July 2017

The six former owners of an underwriting agency acquired by Arthur J Gallagher in 2012 are suing the global broker, claiming $3.6 million plus interest in a dispute over a final payment…

Tower must ‘find new backer or fold’

31 July 2017

Tower needs to find a new financier after New Zealand’s Commerce Commission declined Vero’s application to acquire the insurer, according to an industry expert…

Pricing growth lifts AJG in Australia, NZ

31 July 2017

Arthur J Gallagher says its Australian and New Zealand businesses achieved organic growth of more than 4% in the second quarter, as prices improved…

JLT’s local operations increase revenue

31 July 2017

JLT’s risk and insurance business in Australia and New Zealand earned revenue of £69.3 million in first half, up 12% on the corresponding period last year…