Centrepoint premium funding rises above tough landscape
29 August 2016
Centrepoint Alliance’s insurance premium funding arm overcame tough business conditions to record a 22% rise in pre-tax net profit to $2.5 million for the year to June 30…
Corporate
Ansvar records first-half loss amid claims reserves impact
29 August 2016
Church and heritage insurer Ecclesiastical says its Australian Ansvar business posted a £1.3 million first-half underwriting loss after interest rates weakened, despite consistent performance in the underlying operations…
AUB reveals latest risk services acquisition
29 August 2016
AUB’s equity partner Altius Group has acquired WA injury management specialist PeopleSense…
CBL eyes growth in Australia as profit dips
29 August 2016
New Zealand-based CBL Corporation expects Australia and other foreign markets including southeast Asia to drive earnings after reporting a decline in half-year profit…
Chubb enhances mobile P&E cover
29 August 2016
General liability is among the latest inclusions in Chubb’s mobile plant and equipment cover…
Niche dominance supports QBE LMI rating
29 August 2016
Fitch has affirmed its rating and stable outlook for QBE’s lenders’ mortgage insurance business, despite expecting absolute profit to fall…
Ensurance hires new CFO
29 August 2016
Broker and insurance technology group Ensurance has named Sam Hallab as CFO…
Talbot Australia MD moves on
22 August 2016
Talbot Underwriting Australia MD Adam Matteson has left the company suddenly…
IAG looks to future despite profit fall
22 August 2016
IAG has hailed a solid performance despite reporting net profit for the year to June 30 of $625 million, down 14.1% on the previous year…
QBE starts regional CEO search after Australian earnings drop
22 August 2016
QBE is searching for a new Australian and New Zealand CEO after removing Tim Plant from the role following a weak set of results amid a difficult global environment…
BHSI joins forces with Tego in medical PI space
22 August 2016
Underwriting agency Tego Insurance and Berkshire Hathaway Specialty Insurance have entered an exclusive underwriting agreement to provide medical indemnity cover to Australian doctors…
Cover-More looks to US after ‘disappointing’ result
22 August 2016
Cover-More has vowed to lift its game and accelerate its expansion in North America after net profit fell 27.5% to $18.7 million for the year to June 30…
Former exec brings tech insights to QBE board
22 August 2016
Former QBE executive Kathryn Lisson will return to the company as a board member next month as the company seeks to increase its technology expertise…
IAG invests in US cyber-security group
22 August 2016
IAG has taken a 2% equity share in US-based cyber-security business Upguard…
Nomads delivers $10 million profit for new owner Nib
22 August 2016
Travel insurer World Nomads Group made a $9.7 million underlying operating profit last financial year…
Suncorp clarifies climate change stance
15 August 2016
Suncorp has spelled out the company’s views on climate change and outlined its actions to promote mitigation after comments by CEO Michael Cameron prompted concerns he was downplaying human influences on global warming…
Appointment marks latest step in Zurich overhaul
15 August 2016
The appointment of former Generali executive Jack Howell as Zurich’s new Regional CEO for Asia-Pacific is the latest step in a global campaign to simplify the group’s structure…
Ebix on acquisition path as profits increase
15 August 2016
Demand for new products from insurance technology specialist Ebix Australia continues to grow, with MD Leon d’Apice saying the business is also on the lookout for acquisition opportunities in Australia…
Fleetsure steers new course with Lloyd’s
15 August 2016
Specialist motor underwriting agency Fleetsure has begun offering Lloyd’s capacity in addition to its ongoing agreement with QBE…
CommInsure posts GI premium rise
15 August 2016
CommInsure’s general insurance operations recorded a 6% rise in gross written premium to $735 million for the year to June 30, while insurance income fell slightly to $502 million from $503 million the previous year…