Upbeat Steadfast sets higher earnings target
31 August 2020
Steadfast has set a higher earnings target after the business performed according to its pre-virus guidance for the 2019/20 financial year...
Corporate
AUB sees ‘strong momentum’ continuing
31 August 2020
AUB Group projects underlying net profit will rise 9.5-14% this financial year amid signs “strong momentum” at the close of the past year is continuing...
Aviso appoints new GM as brokerages merge
31 August 2020
Aviso Group has appointed David Bailey as its new GM as two of its largest brokers merge to form Aviso EIA Insurance Brookers, serving cities from Newcastle to Darwin...
Core insurance arm powers Johns Lyng to 48% revenue growth
31 August 2020
Building services provider Johns Lyng Group’s core insurance arm achieved strong earnings growth in the last financial year, driving a 48% jump in overall sales revenue to $495.1 million...
Ansvar first-half loss deepens after hail, storms
31 August 2020
Ansvar Australia’s first-half underwriting loss has deepened to £2.05 million after the result was affected by hailstorms in January and an East Coast Low that brought damaging weather in February...
Nib Travel posts $19.7 million full-year loss
31 August 2020
Nib Travel has posted a full-year loss of $19.7 million, reversing 2019’s profit of $6.6 million, following a plunge in operating margins as COVID-19 restrictions brought global travel to a standstill...
Network Steadfast invests in Brisbane broker
31 August 2020
Network Steadfast, a brokerage majority-owned by Steadfast Group, has entered into a strategic partnership with Brisbane corporate risks broker Bluebook...
Suncorp says Bingle Go cover aligns with new habits
31 August 2020
Suncorp says 2020 offers it a “unique and ideal opportunity” to roll out its new comprehensive car insurance brand Bingle Go as COVID-19 changes how and when people travel...
AAMI customers to say what’s up over WhatsApp
31 August 2020
Suncorp brand AAMI is the first Australian general insurer to offer customers service over social media platform WhatsApp...
RAA promotes finance chief to Insurance CEO
31 August 2020
SA motorists mutual club RAA has announced Tom Griffiths will be RAA Insurance CEO with effect from tomorrow, taking over from David Russell, who will begin his transition to retirement in a supporting role as GM of Services...
iSelect positive on general insurance performance
31 August 2020
Comparison website iSelect says general insurance products on its platform performed strongly last financial year, despite COVID-19 affecting travel volumes, while life earnings declined...
Flamingo agrees sale to BDNM
31 August 2020
Listed insurtech Flamingo AI has agreed to sell its Flamingo Customer Experience and Flamingo Ventures businesses to BDNM Investments.
PSC earnings soar 32.7% on acquisitions, organic growth
24 August 2020
PSC Insurance Group announced today full-year underlying earnings exceeded $57 million as previously flagged, with acquisitions and organic growth combining to cushion the economy-wide impact of COVID-19...
Suncorp pushes for ‘nation-building’ disaster mitigation
24 August 2020
Suncorp has launched a renewed push for investment in disaster mitigation measures as the ideal way to stimulate the economy...
Resilium focuses on growth after Coverforce deal unwound
24 August 2020
Authorised representative network Resilium says it is focusing on the growth of the business as equity and financial arrangements with Coverforce are unwound following court rulings...
Axa XL commits to Australian financial lines
24 August 2020
Axa XL says it will continue to provide "best in class" solutions and accept new business for Australian financial lines, rejecting suggestions that it is pulling back from the local market...
HustleCover offers safety net to hard-struck gig workers
24 August 2020
Insurtech Coverhero says its income protection product HustleCover is extending a timely lifeline to vulnerable gig-economy workers who have been hit hard by COVID-19...
Insurance arm boosts Kogan earnings
24 August 2020
Online retailer Kogan.com has posted a near 56% rise in full-year net profit to $26.8 million, aided by a strong performance from its insurance unit...
CyberCX expands IT security business to New Zealand
24 August 2020
Australian digital security firm CyberCX has launched a New Zealand operation, investing more than $NZ30 million initially to have a crack at the country’s $NZ600 million cyber security market...
TAS sees insurance boost from acquisition of cloud provider
24 August 2020
Cloud solutions provider TAS is expecting a boost in business from the insurance sector following its acquisition of rival Experteq...