CBA’s Suncorp stake now 10%
16 August 2010
Commonwealth Bank has told the Australian Securities Exchange today its shareholding in Suncorp Metway has now reached 10.04%…
Corporate
QBE and Myer launch latest retail insurance offer
16 August 2010
QBE has teamed with national department store chain Myer to unveil a new retail insurance offering to Australian consumers…
CommInsure profit down 6%
16 August 2010
CommInsure, the Commonwealth Bank’s insurance division, has reported a 6% drop in underlying profit after tax to $299 million for the year…
QBE revises executive structure
16 August 2010
QBE has revised its group executive structure, with Vince McLenaghan moving on from COO and Acting CEO Australia to become CEO of a new Australia-Asia-Pacific division…
Record second quarter for Ebix
16 August 2010
International insurance software and online exchange provider Ebix has reported a record second-quarter net profit of $US14 million ($15.5 million), 56% higher than last year’s earnings…
Rudd’s man moves to Wesfarmers Insurance
09 August 2010
Alister Jordan, the Chief of Staff to former Prime Minister Kevin Rudd, has been appointed to a key strategic role at Wesfarmers Insurance…
McLardy McShane swaps IAA for Steadfast
09 August 2010
Melbourne authorised representative firm McLardy McShane Insurance & Financial Services has opted out of Insurance Advisernet Australia after its directors considered their business…
SLE moves into commercial property
09 August 2010
Underwriting agency SLE Worldwide Australia will be expanding into the commercial property market with a new company, Mobius Underwriting…
Strong premium growth for Zurich in Asia
09 August 2010
Zurich’s Asia-Pacific operations have reported a $US122 million ($133 million) leap in gross premium income for the six months ending June 30…
G4S acquires Western Investigations
09 August 2010
International insurance investigations group G4S Compliance and Investigations has acquired WA company Western Investigations…
Acquisition costs Centrepoint Alliance
09 August 2010
The cost of acquiring Professional Investment Holdings has caused listed premium funder Centrepoint Alliance to miss its forecast break-even target…
IAG predicts a 50% profit hit
02 August 2010
IAG has forecast a 50% fall in net profit after wild Australian storms combined with spiralling UK bodily injury claims to drain full-year earnings…
IAG revamps its executive team
02 August 2010
IAG has appointed new bosses to its UK and NZ divisions in a shake-up of its top-level executive ranks…
Coles offers car insurance with the groceries
02 August 2010
Supermarket giant Coles is introducing car insurance into its product mix with a direct offering underwritten by the general insurance arm of Wesfarmers…
Australasia lifts JLT profit
02 August 2010
The Australia and NZ arm of Jardine Lloyd Thompson has produced more than half of the global broker’s retail trading profit for the first half of the year…
Gallagher acquires rest of SBA
02 August 2010
Global broker Arthur J Gallagher & Co has acquired the remaining 60% of Perth broker Specialised Broking Associates…
IAG shuffles executive pack as profit falls 50%
27 July 2010
IAG this morning forecast a 50% fall in its full-year net profit and announced a reshuffle of key executives…
QBE sounds profit warning
26 July 2010
QBE shares fell this morning after the insurer announced a shock 40% drop in expected half-year net profit…
MYI Freemans buys specialist
26 July 2010
MYI Freemans has acquired risk specialist Aspeck Holdings in a move to expand its presence in the risk management area…
QBE acts as recommended insurer in eGroup exit
26 July 2010
QBE will act as the recommended insurer for eGroup customers following the withdrawal of the UK-based insurer from the Australian market…