Suncorp revamps NZ leadership
07 March 2016
Suncorp has reorganised its business in New Zealand as part of a wider shake-up under new Group CEO Michael Cameron…
Corporate
Duffield steps in as Milne exits Marsh NZ
07 March 2016
Marsh New Zealand Country Head Grant Milne has left the company…
Chubb names further appointments as integration looms
07 March 2016
Chubb has announced more appointments before Chubb and Ace begin operations as one entity in April…
Travel insurer offers women-only product
07 March 2016
Insured By Us has introduced a travel insurance product exclusively for women…
Correction: Mistake in Steadfast results report
07 March 2016
In last week’s bulletin insuranceNEWS.com.au incorrectly stated the synergies achieved from acquisitions made by Steadfast was worth $27 million. The actual figure provided by Steadfast was $1.5 million…
Marsh hits insurers with new placement charge
29 February 2016
Marsh has introduced a 2% “distribution brokerage” charge, imposed when placing cover for fee-paying clients…
Steadfast hails ‘outstanding’ result
29 February 2016
Steadfast has reported 6.3% organic growth in revenue to $226 million for the six months to December 31…
AUB profit rises despite broking downturn
29 February 2016
AUB Group says its net profit grew 72% to $23.8 million for the six months to December 31, as it reaps the rewards flowing from its diversification strategy…
QBE records premium drop amid soft market
29 February 2016
QBE has reported a 14% drop in gross written premium for its Australasian operations last year, to $US3.7 billion…
Coverforce, PSC wrangle over Reliance
29 February 2016
Coverforce has announced the acquisition of a 66% shareholding in Melbourne-based Reliance Insurance Brokers, despite PSC Insurance Group having previously revealed an agreement to complete the same deal…
New role for QBE’s Fagen, as operations exec exits
29 February 2016
QBE has moved Colin Fagen to the new position of Group COO under its revised management structure…
CBL profit soars on underwriting gains
29 February 2016
New Zealand-based CBL Corporation has posted an 83% rise in net profit to $NZ35.5 million for last year, bolstered by strong underwriting results and improved claims management…
Growing branch network helps PSC profit rise
29 February 2016
A combination of mature and start-up businesses have helped PSC Insurance Group report a half-year profit rise of 30% to $3.7 million, according to COO Rohan Stewart…
Lower rates hit Centrepoint Alliance
29 February 2016
Centrepoint Alliance’s insurance premium funding arm suffered a 15% drop in underlying pre-tax profit to $1.4 million for the six months to December 31, dragged down by lower commercial rates…
Western Pacific liquidation to ‘complete this year’
29 February 2016
The liquidator of New Zealand insurer Western Pacific expects to finish loss assessment on Canterbury earthquake claims by today – several months after its September 30 deadline…
New Lloyd’s coverholder takes to skies
29 February 2016
Catalyst Aviation Insurance, a new Lloyd’s coverholder in Australia, has been set up to focus on the aviation sector across the Asia-Pacific region…
iSelect reports growth in insurance comparisons
29 February 2016
iSelect says operating revenue for its general and life insurance business grew 20% to $13.3 million in the six months to December 31…
New agency takes on owner-builder market
29 February 2016
New underwriting agency Qiducia, led by industry veteran Sam Greco, is confident it can hold its own in the tough owner-builder warranty insurance market…
Coastal launches risk advisory practice
29 February 2016
Coastal Financial Services has opened a corporate and risk advisory business led by one of its directors, Derek Wickett…
Suncorp creates single insurance business
22 February 2016
Anthony Day is the big winner in the reorganisation of Suncorp’s operating model into three business units: Banking & Wealth, Insurance Australia and Insurance New Zealand…