Austbrokers grows despite soft market
02 March 2015
Austbrokers has reported net profit after tax of $13.9 million for the six months to December 31, up 8.3% on the corresponding period in 2013…
Corporate
Willis capital markets operation moves to Sydney
02 March 2015
Willis Capital Markets & Advisory (WCMA) is to open a Sydney office as part of its Asia-Pacific expansion…
Investments dent Centrepoint premium funding result
02 March 2015
Centrepoint Alliance’s insurance premium funding arm has posted a 41% drop in pre-tax profit to $1.5 million for the six months to December 31…
Choosi rolls out car comparisons
02 March 2015
Insurance comparison website Choosi has added car cover to its product line-up…
Allianz drops Latevo to launch own crop cover
02 March 2015
Allianz has severed its multi-peril crop insurance underwriting agreement with Latevo International…
Agency moves into WA grain market
02 March 2015
Crop insurers Insurance Facilitators is to enter the multi-peril crop insurance market in WA…
Diversification lifts iSelect profit
02 March 2015
iSelect has reported a 27% rise in half-year net profit to $5.4 million, driven by favourable market conditions and diversification of its income stream…
JLT recruits Willis GM for tailor-made role
02 March 2015
Willis GM Placement Services, Risk Services and Claims Maurice Gatto is to join JLT as GM Broking and Placement…
Austbrokers’ NZ arm appoints director
02 March 2015
Austbrokers subsidiary NZ Brokers Holdings has appointed Andrew Aitken as non-executive director…
Taylor Fry promises ‘superior offering’ as Qantas takes a stake
02 March 2015
Qantas has acquired a 51% stake in analytics and actuarial consulting business Taylor Fry…
Australian Unity reports general insurance gains
02 March 2015
Australian Unity increased general insurance revenue by 83% to $760,000 in the six months to December 31, after renegotiating a key distribution agreement…
Calibre emerges from Calliden break-up
23 February 2015
The Calliden insurance operations sold to Munich Re last year will be renamed Calibre Commercial Insurance, and there are plans to expand the group’s offering of specialty products…
Suncorp changes EGM line-up
23 February 2015
Suncorp has reshuffled its senior management team, with Andrew Mulvogue becoming EGM Commercial Insurance Distribution, replacing new EGM Life Distribution Andrew Mair…
Cerno placed into voluntary administration
23 February 2015
Loss adjuster Cerno has been forced into voluntary administration after merging with claims services specialist Stream Group…
Rates unlikely to harden this year: IAG
23 February 2015
IAG does not expect significant upward pricing pressure in the next six months, MD and CEO Mike Wilkins says…
Genworth shares down after Westpac cancels deal
23 February 2015
Genworth Mortgage Insurance Australia’s shares have slumped more than 20% to $3.305 after it announced the loss of a major contract…
Cover-More profits rise as expansion pays off
23 February 2015
Travel insurer Cover-More has reported a 26.6% rise in net profit after tax to $11.9 million for the six months to December 31…
Steadfast launches retail offer after raising $186 million
23 February 2015
Steadfast has completed an $89 million placement to institutional investors and a $97 million institutional entitlement offer…
IAG picks Cover-More as NZ insurance partner
23 February 2015
Cover-More has secured a deal to provide IAG customers with travel insurance and medical assistance in New Zealand…
Steadfast builds as it announces revenue jump
16 February 2015
Steadfast has surprised the local market with today’s $300 million-plus swoop on QBE’s underwriting agencies, a related brokerage and most of the substantial assets of founding member IC Frith…