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Corporate

Quakes blow out AMI results

26 September 2011

Troubled New Zealand mutual AMI Insurance is weighing up approaches from potential new investors and has hired corporate advisors Goldman Sachs to help raise new capital…

Lumley unveils new packages

19 September 2011

Lumley Insurance is now offering flood cover for home and landlord insurance and three-in-one motor vehicle deals for SMEs in two new packages announced at the National Insurance Brokers Association…

Ebix tops Fortune rankings

19 September 2011

Insurance technology company Ebix, which owns the Sunrise Exchange online transaction platform, has been ranked the world’s fourth-fastest growing technology company by US business magazine…

Wilkins claims IAG’s UK turnaround is on track

12 September 2011

Insurance Australia Group CEO Mike Wilkins says the group’s turnaround strategy for the UK is on target, despite persistent rumours it is looking to offload the underperforming business…

Centrepoint reports $13 million loss

12 September 2011

Centrepoint Alliance has reported a loss of $13.1 million for the 12 months ending June 30, despite revenue being up 2% to $58.3 million…

Terry Ibbotson retires from QBE

05 September 2011

Popular industry stalwart Terry Ibbotson has retired from QBE, stepping down as its Global Head of Distribution…

Losses continue at Insured Group

05 September 2011

Listed insurer Insured Group has reported a $3.5 million net loss for the 15 months ending June 30, up 216% on the 12 months ending June 30, 2010. During that 12-month period, the loss was…

Tower NZ Chairman steps down

05 September 2011

Tower NZ Chairman Tony Gibbs has resigned and has been replaced by Bill Falconer, who has been a director since 2003…

Suncorp braves blustery conditions

29 August 2011

Suncorp’s general insurance book has weathered the surge in natural catastrophes to record a $392 million profit after tax, but CEO Patrick Snowball says the bottom line “is still not where it should be”…

Austbrokers posts profit lift

29 August 2011

Broking group Austbrokers has shrugged of a gloomy market to post a 17.5% increase in its after-tax profit to $21.4 million for the year to June 30…