Promina’s outlook revised to positive
30 March 2004
Promina’s ratings have been raised from stable to positive…
Corporate
China insurance coup by Australian company
23 March 2004
IBL Limited – which trades as RAIA Professional Risk Services and Planned Professional Risk Services in Australia – has entered into a joint venture…
Promina to raise an extra $250 million
23 March 2004
Promina is offering up to $250 million of Promina reset preference shares with the ability to accept over-subscriptions of up to A$50 million…
Marsh acquires Heath Lambert
16 March 2004
After long and not-so-secret negotiations, international broker Marsh has bought the Asia-Pacific operations of British broker Heath Lambert…
QBE on acquisition watch
16 March 2004
QBE CEO Frank O’Halloran has a way of getting speculative tongues wagging…
OAMPS enters sports and leisure niche
09 March 2004
Ever-expanding broking network OAMPS has bought national sports and leisure specialist IEA Brokers…
IAG consolidates its market lead
02 March 2004
Insurance Australia Group has further cemented its position as Australia’s leading insurance company, announcing a stronger than expected profit…
General insurance shines for Suncorp
02 March 2004
No 2 insurer, diversified financial services company Suncorp, has recorded an 81% increase in net profit to a record $281 million for the six months to December 2003…
Promina does well on debut
02 March 2004
Promina says it will raise up to $300 million for “growth projects” after a dream 2003 debut profit of $298 million – $110 million higher than predicted.
QBE surges back
02 March 2004
QBE Insurance appears to have shaken off bad memories of September 11 with a record 105% increase in net profit for 2003…
Better equity markets help Axa profit
02 March 2004
In keeping with other financial services groups, Axa Asia Pacific Holdings has recorded strong profits for 2003 with a 97% increase in after tax profit…
SRS sets up construction facilities
02 March 2004
SRS Insurance Group has established two separate construction underwriting facilities, one for material damage and the other for liability.
Zurich finally lands Associated Marine – for a song
24 February 2004
Zurich Australia has now officially taken over CGU’s share in Associated Marine…
Brokers bulk up by joining forces
24 February 2004
Austbrokers Central Coast – a member of the national broking network Austbrokers – will soon become the region’s largest brokerage…
AMP raises its sights on profit
24 February 2004
AMP indicated yesterday that its 2003 results would be much better than previously predicted…
Lumley lifts Wesfarmers profit
17 February 2004
Wesfarmers CEO Michael Chaney had something to smile about last week when the company announced a record half-yearly profit of $601 million…
Telstra retires InsNet domain name
17 February 2004
InsNet.com is on the way out – at least in cyberspace…
IAG expands reach in Tasmania
10 February 2004
IAG subsidiary NRMA Insurance has expanded its services to Tasmania, offering home and motor insurance – but its major competition will be from its own sister companies…
OAMPS plays down NAB litigation costs
10 February 2004
National broking network OAMPS is confident it won’t have to pay any of National Australia Bank’s claim for costs…
OAMPS keeps growing
03 February 2004
OAMPS says it will continue its long-term acquisition program throughout the year in a bid to offer “even better rewards” to shareholders…