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Youi operating profit slides 69% on natural catastrophes

21 March 2022

Youi Australia first-half operating profit slipped 68.8% to $15 million following a higher number of catastrophe claims and a change in reinsurance arrangements, while its partnership with Blue Zebra helped drive premium growth...

Youi opens Sydney office

21 March 2022

Youi has opened an office in Sydney CBD at 175 Pitt Street to support its expanding team and business in NSW...

PSC eyes more UK, Australia brokerages

14 March 2022

PSC Insurance Group has bolstered its acquisitions firepower with an $80 million capital raising as it eyes potential purchases in Australia and the UK...

Lockton launches advisory business

14 March 2022

Former Willis Re local CEO John Philipsz will head a new advisory business launched by independent brokerage Lockton Australia...

QBE sells US personal lines agency

07 March 2022

QBE will sell its US-based Westwood Insurance Agency for $375 million as part of efforts to simplify its business there...

iSelect general, life earnings drop

07 March 2022

Comparator iSelect says its general and life insurance business recorded weaker earnings in the December half, with operating revenue down 11% to $6.6 million from a year earlier...

AUB ups earnings outlook

28 February 2022

AUB Group has raised its full-year earnings guidance after the business performed strongly in the December half across most divisions, resulting in a 16.7% increase in underlying net profit to $30.6 million during the period...

PSC sees 'lots of room' to grow UK earnings

28 February 2022

PSC Insurance Group says its UK operations still have “lots of room” to grow in terms of earnings potential after the business there produced a strong first-half result...

AMA Group crash repair volumes yet to recover

28 February 2022

Crash repairer AMA Group says covid disruptions that have reduced traffic flows continue to affect its business although volumes have trended higher this month...