Snowball decides to stick around at Suncorp
29 August 2011
Suncorp Group CEO Patrick Snowball plans to stay in the role until at least 2015, two years beyond his old contract that was due to end on August 31, 2013…
Corporate
Calliden reports $4 million loss
29 August 2011
Calliden Group has declared a $4.3 million loss for the six months ending June 30 due to the natural catastrophes occurring earlier this year…
Ecclesiastical turns loss around despite disaster claims
29 August 2011
Britain’s Ecclesiastical Insurance Office, the parent of Ansvar Insurance, has reported a first-half profit despite claims from Australian floods and the earthquakes in New Zealand and Japan…
Chartis Asia Pacific appoints advisory board
29 August 2011
Chartis Asia Pacific has established an advisory board to provide guidance and direction to the Singapore-based board of directors…
Cerno acquires building firm
29 August 2011
Major loss adjuster Cerno (formerly MYI Freemans) is expanding its core operations to include construction following the purchase of building consultancy firm Censeo…
OAMPS strengthens position in two states
29 August 2011
Wesfarmers-owned OAMPS has acquired Dubbo-based Lloyd Walker Insurance Brokers and Austnet Group in WA…
Market hammers QBE despite positive performance
22 August 2011
The market has responded negatively to QBE’s half-year figures despite a result CEO Frank O’Halloran describes as “absolutely stunning given the level of catastrophes that the world has experienced in…
QBE flags an exit from underperforming business
22 August 2011
QBE CEO Frank O’Halloran has foreshadowed “getting out of some pockets” of its Australian business that do not meet the insurer’s 15% return on equity target…
QBE explains thinking behind restructure
22 August 2011
QBE has provided additional details on its decision last month to separate its Australia and Asia Pacific (which includes New Zealand) divisions…
Catastrophes slice into Wesfarmers profit
22 August 2011
Wesfarmers Insurance has blamed catastrophes in Australia and New Zealand for a slide in pre-tax earnings from $131 million to $30 million in the year to June 30, but MD Rob Scott says the…
Vero wins Japanese accolade for marine claims-handling
22 August 2011
Japanese insurer Mitsui Sumitomo has presented Vero with its “Best Marine Claims Agency” award for the Australian insurer’s work during the Tohoku earthquake and tsunami…
Avant buys Doctors’ Health Fund
22 August 2011
Medical indemnity mutual Avant Insurance is buying Doctors’ Health Fund for $28.5 million…
PIS snares top Marsh executive
22 August 2011
Dealer group Professional Investment Services has appointed senior Marsh executive Peter Walther as its new CEO…
IAG makes $100 million move into China
15 August 2011
IAG is to acquire a 20% strategic interest Chinese general insurer Bohai Property Insurance Pty Ltd for about $100 million…
QBE creates new investor role
15 August 2011
QBE has appointed a global head of investor relations and communications in a newly created group executive role…
Ebix turns in a solid result
15 August 2011
Insurance software and e-commerce company Ebix has posted a strong profit for the second quarter…
NZ’s hardening rates attract foreign interest
15 August 2011
Foreign insurers are beginning to react to the steep rate increases in New Zealand following the Christchurch earthquakes and new perceptions of the country’s risks…
Higher claims hit CommInsure’s income and profits
15 August 2011
CommInsure’s income for the 2011 financial year was down 9% to $856 million due to high claims from both the wholesale and retail business…
Lloyd’s probes reserving at IAG syndicate
15 August 2011
Lloyd’s has begun an investigation into reserve deterioration at the IAG-owned Equity Syndicate 218, according to reports…
CGU restructures leadership team
08 August 2011
CGU has announced a series of changes to its leadership team to better enable it “to deliver against its business strategy, now and in future”, CEO Peter Harmer says…