Slow growth for Westpac insurance
08 November 2010
Sales of insurance products at Westpac were up 3% to $197 million during the 12 months to September 30…
Corporate
Clarification: QBE appointment
08 November 2010
In insuranceNEWS.com.au on November 1 we reported that John Neal is to assume a new role at QBE under which the group’s divisional CEOs, Global Head of Distribution, Group Actuarial Officer…
QBE names new Global Underwriting CEO
01 November 2010
QBE has appointed a new CEO of Global Underwriting Operations whose responsibilities within the group place him at a virtual Number Two position to Group CEO Frank O’Halloran…
IAG keeps UK assets, talks up Asia
01 November 2010
IAG will retain its UK operations while pursuing new opportunities in China as part of a multi-year plan to place the business on a sounder footing…
Suncorp moving to simpler structure
01 November 2010
Suncorp is aiming to “simplify” its ownership by moving the group into a non-operating holding company structure…
Lumley and SUA part company
01 November 2010
Lumley and Specialist Underwriting Agency are ending their 15-year underwriting relationship…
Low yields affect earnings, says Drabsch
01 November 2010
QBE has blamed continued medium-term pressure on earnings on low investment yields…
Lumley honours fleet operators
01 November 2010
Mission Australia and Beaumont Transport were among the winners at this year’s Lumley Insurance Motor Benchmark Awards…
Snowball keeps his profile up in UK
25 October 2010
Suncorp CEO Patrick Snowball has made clear his wish to return to the UK at the completion of his current contract…
Calliden gets settlement in purchase dispute
25 October 2010
Calliden Group will receive $3.4 million in settlement of its dispute with Australian Unity over the sale of the mutual’s general insurance business…
Chartis claims a ‘first’ for management liability cover
25 October 2010
Chartis has announced the release of a new management liability product that it claims is an Australian “first”…
Ruralco profits to almost double
25 October 2010
Livestock and insurance agency Ruralco Holdings has predicted a 30-40% jump in profit after tax for the 2010 fiscal year, saying insurance is now one of its main drivers…
Willis creates global mining unit
25 October 2010
Willis Group has incorporated its international mining expertise into one worldwide hub…
Ebix unflustered by IBNA move
18 October 2010
Ebix Australia MD Leon d’Apice believes IBNA brokers will continue to use his company’s software despite the broking cluster’s multimillion dollar joint venture deal with Melbourne technology…
Wesfarmers expands Coles insurance range
18 October 2010
Wesfarmers Insurance has expanded its range of products being offered through Coles supermarkets by launching home and contents insurance…
Nautilus nets new underwriter
18 October 2010
After months of uncertainty, underwriting agency Nautilus Marine has a new underwriter…
MGA expands to WA
18 October 2010
Adelaide-based broker MGA is extending its national footprint with the opening of an office in Perth…
Plans to double St Andrew’s business
18 October 2010
The Bank of Queensland intends to double the size of its recently acquired St Andrew’s insurance business within the next three to four years…
Fidelity Life bounces back
18 October 2010
Takeover target Fidelity Life has reported a 63% increase net profit after tax to $NZ16.9 million ($12.9 million) for the year ending June 30…
IBNA buys into broker system
18 October 2010
Insurance Brokers Network Australia has established a joint venture partnership with Melbourne-based technology company InsuranceConnect…