Brought to you by:

Corporate

Vero boosts women in its workforce

21 November 2011

Vero has turned its focus onto the women in its workforce with a strategy aimed at retaining female staff and attracting more…

Port of Lyttelton in dispute with Vero

21 November 2011

A dispute between the Port of Lyttelton and its insurers over an $NZ11 million ($8.4 million) claim for earthquake damage looks headed for the courts…

Macquarie Life outperforms market for fourth year

21 November 2011

Macquarie Life has been awarded five stars in the Beaton Benchmarks study – the only insurer to achieve this status in each of the four years the benchmark research has been conducted…

Wesfarmers insurance outlook brighter

14 November 2011

Wesfarmers CEO Richard Goyder has told shareholders the performance of the group’s insurance division will “improve significantly” in the coming year in the absence of a notable claims period…

Strong third quarter for Ebix

14 November 2011

Global insurance technology specialist Ebix has recorded a 120% increase in cashflows to $US22.1 million ($21.7 million) for the third quarter ending September 30…

Fitch confirms IAG’s AA- rating

14 November 2011

Fitch Ratings has affirmed the financial strength ratings of IAG Australia and IAG New Zealand at AA- on a “stable” outlook…

IBNA, system developer part ways

07 November 2011

Broker group IBNA has decided to continue the development of its broker management platform BrokerCentral without the involvement of the system’s designer, Andrew Bennett…

Western Pacific’s claims blow out

07 November 2011

Insurance claims on failed New Zealand insurer Western Pacific have risen to $NZ61 million ($47 million), increasing the gap between claims and $NZ34 million ($26 million) that is due to…

Some insurance problems for Westpac

07 November 2011

Total cash earnings for Westpac Insurance during the 2011 financial year ending September 30 were flat, up just 1% to $199 million compared to $197 million in 2010…

IAG proceeds with NZ bond issue

07 November 2011

IAG is raising $NZ150 million ($114 million) through an issue of unsecured subordinated bonds to the New Zealand market…

IAG reaffirms earnings guidance

31 October 2011

IAG remains on course to deliver its earlier guidance of an insurance margin of 10-12% and gross written premium growth of 6-9% this financial year, CEO Mike Wilkins told last week’s AGM…