13 September 2005
Australian Unity members will vote on a demutualisation proposal after the group announced an after tax profit of $13.4 million for the year ended June 30 – up 65% from $8.13 million…
13 September 2005
Swiss Re will close its Melbourne office early next year and transfer all client management and facultative underwriting positions to Sydney…
06 September 2005
ASIC is working with IAG subsidiary Insurance Australia Limited to fix issues the insurer has been having with policy discounts offered to customers…
06 September 2005
QBE says it’s too early to estimate the insured damage the company’s US operations might be liable for in the wake of Hurricane Katrina…
30 August 2005
Allfinanz company Suncorp has reported a 33% increase in net profit to $821 million for the year to June, with general insurance earnings up 40% to $651 million…
30 August 2005
Promina has reported a 6% increase in net profit to $229 million for the six months to June 30, but its insurance premium margin fell 1.6% short of the industry expectations of 13%…
30 August 2005
Competition in the broking market is becoming more intense, with broking behemoth the OAMPS Group saying it’s stepping off the acquisition trail to concentrate on growing…
30 August 2005
After just two months of operation, new general insurer Calliden Group has booked gross written premium of $1.8 million for the first half of this year…
23 August 2005
QBE has announced a record half-year after-tax profit of $491 million, an increase of 43% on the corresponding period last year – and it’s buying up businesses…
23 August 2005
Despite posting a record 14.3% rise in net profit to $760 million for its full-year results, IAG took a beating from disappointed investors on Friday…
23 August 2005
Axa Asia Pacific Holdings has announced an increase of 36% in profit to $246.4 million for the first half of this year, compared with $181.5 million for the corresponding period last year…
23 August 2005
AMP is out of the doldrums, recording a net profit of $393 million in the six months to June 30, compared with $321 million a year ago…
16 August 2005
It’s profits week, so stay tuned for the half-year and annual results of most local insurance companies…
16 August 2005
Suncorp and Allianz Australia have retained positive ratings…
16 August 2005
The largest rural insurance provider in Australia, Elders Insurance, has posted healthy results for the first half of this year…
09 August 2005
Falling commercial premiums won’t have an immediate effect on insurers’ upcoming half-year results, according to JP Morgan analyst Shane Fitzgerald…
02 August 2005
Insurance broking network OAMPS says there’s no truth to the rumour that it’s up for sale, and it’s intent on focusing on organic growth rather than disappearing…
02 August 2005
Sydney-based financial services provider Paragem Partners has acquired Zurich Australia’s licensee support service business, Zurich Solutions, which trades as DBOS…
02 August 2005
QBE has bought US insurer National Farmers Union Property and Casualty and its subsidiary United Security Insurance in a move that will increase the company’s…
02 August 2005
IAG has made some more changes to its top-level executive team, adding a new position to support international expansion, the planned retirement of the Deputy CEO…