Steadfast broker brings in veteran as MD
13 March 2017
Veteran broker Peter Blanco has been appointed as MD of Adelaide-based Brecknock Insurance Brokers…
Corporate
Suncorp NZ moves admin roles to Asia
13 March 2017
Suncorp’s New Zealand arm is to transfer an unspecified number of administrative jobs to strategic partners in Asia…
Allied World extends professional liability range
13 March 2017
Allied World Assurance has stepped up its presence in the Australian professional liability market with the introduction of new policies for directors and officers’ liability, architects and engineers’ professional indemnity, and miscellaneous professional indemnity…
Losses pile up, but Ensurance remains upbeat
06 March 2017
Broker and insurance technology group Ensurance’s losses deepened in the half-year to December 31, due mainly to higher running costs, including expenses to build its European business…
Zurich unveils new local GI leadership structure
06 March 2017
Zurich has announced changes to its Australian general insurance leadership team following the global merger of its commercial and corporate operations…
JLT’s local arm outperforms its parent
06 March 2017
JLT’s Australia and New Zealand division reported a profit of £39.6 million last year and revenue growth of 7% to £117.7…
Local tech investments drive Ebix performance
06 March 2017
Ebix Australia says its investment in e-commerce platforms and new technologies including mobile and cloud is paying off…
Suncorp works on microinsurance solutions
06 March 2017
Suncorp has partnered with Spanish innovator Traity to offer a microinsurance solution for buyers on online marketplaces such as Gumtree and Facebook…
Melbourne broker acquires wine industry specialist
06 March 2017
Melbourne-based Midland Insurance Brokers has acquired Longfellows Insurance Brokers, with effect from April 1…
Tower deal no threat to NZ market, Suncorp argues
06 March 2017
Suncorp says its proposed $NZ219 million acquisition of Tower would not give it market dominance in New Zealand, with IAG retaining top position in a competitive environment…
AJG buys Queensland broking group
06 March 2017
Arthur J Gallagher has purchased Ace-IRM Insurance Broking Group, strengthening its position in the southeastern Queensland market…
Guild’s outlook drops over underwriting performance concerns
06 March 2017
AM Best has revised its outlook for Guild Insurance from positive to stable due to its high and volatile combined operating ratio and highly competitive market conditions…
LMI Group asset calculator draws UK interest
06 March 2017
LMI Group’s new tool for calculating business assets has drawn interest from UK insurers, with an Australian version now under development…
New Sura office targets SA growth
06 March 2017
AUB-owned underwriting agency Sura has opened an office in Adelaide to support its growth plans in SA…
Broking drives Australian Unity result
06 March 2017
Australian Unity’s general insurance business earned $1.1 million in operating revenue for the half-year to December 31, up 31.7% from the corresponding period of 2015…
AUB reports growth ‘across all divisions’
27 February 2017
AUB Group has reported adjusted net profit of $14.5 million for the six months to December 31, up 12.7% on the corresponding period in 2015…
QBE profit rises as market ‘remains challenging’
27 February 2017
QBE says net profit grew 5% to $US844 million last year as premiums started to improve in the Australian and New Zealand markets…
SME rates on the rise, Steadfast says
27 February 2017
Gross written premium placed by Steadfast network brokers grew 12.7% to $2.46 billion in the six months to December 31, as signs emerge of rising rates in the SME sector…
IAG first-half earnings drop as catastrophe costs mount
27 February 2017
IAG’s earnings declined 4.3% in the six months to December 31 as the Kaikoura earthquake in New Zealand and storms on both sides of the Tasman raised catastrophe costs…
Suncorp joins fight for Tower takeover
27 February 2017
Suncorp has entered a battle with Canada’s Fairfax Financial Holdings to buy New Zealand insurer Tower, after last week acquiring an 11.14% stake in the company…