IAG acquires 98% of Thailand Safety Insurance
04 April 2006
IAG has grown its Thai market share through the successful acquisition of the country’s seventh largest general insurer, Safety Insurance…
Corporate
QBE hot on the aviation sector
04 April 2006
In its second aviation market initiative in less than a month, QBE has decided to form an aviation underwriting syndicate within its Limit managing agency at Lloyd’s…
Lumley acquires caravan insurer
04 April 2006
Lumley General Insurance has acquired caravan park insurance specialist, Parks Insurance, after a six-year association…
Tower settles PrefSure acquisition
04 April 2006
Tower Australia has settled the purchase of Australian life company PrefSure after regulatory approval from the Foreign Investment Review Board and APRA…
Austbrokers keeps on buying
28 March 2006
Newly listed broking network Austbrokers is continuing its buying spree, adding a 50% stake in Australian Logistics Insurance (Brokers) Pty Ltd to its list of recent acquisitions…
James Hardie to cope with tax bill
28 March 2006
A new $412 million tax bill will not dent James Hardie’s commitment to compensating asbestos victims, the company says…
Nautilus claims a good first year
28 March 2006
New marine insurance agency Nautilus Marine Insurance Agency says it’s had a very successful first 12 months, with an impressive number of new policies written and its…
OAMPS’ bl**dy good buy
21 March 2006
Leading Australian broking house OAMPS has expanded its reach into the small and medium enterprise (SME) market with its acquisition of Melbourne firm BGS Insurance Brokers…
Centrepoint helps boost Alliance’s profits
21 March 2006
Newly merged insurance premium funder Centrepoint Alliance has had a happy debut, reporting big jumps in both profit and revenue for the first half of the 2006 financial year…
Insurance boosts St Andrew’s result
21 March 2006
Australian insurer and wealth manager St Andrew’s has announced an 89% rise in underlying profit during 2005…
FM Global maintains strong performance
14 March 2006
The Australian operation of FM Global has recorded gross written premium of $146 million in its fourth consecutive year of strong financial and operating performance…
IAG is set to boost stake in Thai insurer
14 March 2006
IAG is set to increase its stake in Thailand’s Safety Insurance Public Company after acquiring an additional 16.7% interest, taking its existing 21.6% shareholding…
Promina targets 148 countries for merger opportunities
07 March 2006
Having posted a record profit of $505 million for the full year ended December 31 – an increase of 9.8% on 2004 – Promina CEO Mike Wilkins says the company has identified…
OAMPS profit rises 17.1%
07 March 2006
The second half of 2005 was profitable for diversified insurance group OAMPS, which finished the year with a net profit of $16.6 million, up 17.1% on the corresponding six months…
Newcomer Calliden expected its loss
07 March 2006
A year down the track since it was formed from the hulk of ReAC, general insurer Calliden has announced a net loss of $5.7 million on gross written premiums of $11.9 million…
Nothing can stop QBE
28 February 2006
Australia’s No 1 insurer QBE is like dynamite…
IAG flags more expansion but returns $200 million
28 February 2006
After posting a smaller-than-expected 2% rise in first-half profit as premium growth slowed, IAG has pledged to return $200 million in capital to shareholders…
Suncorp profits rise 7.2%
28 February 2006
Despite recording an underlying profit increase for last year of 7.2% to $491 million, Suncorp is keeping the lid shut tightly on any plans for overseas expansion within the next five years…
Austbrokers on track despite soft market
28 February 2006
Insurance broking network Austbrokers, which listed on the Australian Stock Exchange last November, has announced a profit of $7.2 million for the six months ending December 2005…
IBNA loses another member to Austbrokers
28 February 2006
Succession planning has led former IBNA member Premier Auspac Insurance Brokers to sell 80% of the business to insurance cluster rival Austbrokers…