Ash clouds smother Cover-More profit
22 February 2016
Travel insurer Cover-More’s net profit fell 31.1% to $8.2 million in the half-year to December 31, as volcanic ash disruption in Bali and a weak currency hit earnings…
Corporate
CGU offers medical advice to rural customers
22 February 2016
CGU’s rural policyholders will benefit from a new partnership offering free access to medical second opinions…
Aon promotes Australasian chiefs
22 February 2016
Aon Risk Solutions has announced a new Pacific executive board structure designed to more closely align its Australian and New Zealand…
Gallagher CFO moves to Westpac
22 February 2016
Arthur J Gallagher CFO Sue Houghton is to become GM Insurance at BT Financial Group, Westpac’s wealth management arm…
World Nomads delivers $4.2 million profit for new owner Nib
22 February 2016
World Nomads Group has recorded an underlying operating profit of $4.2 million for the five months to December 31…
Combined to stop writing new business
15 February 2016
Combined Insurance will cease writing new business in Australia and New Zealand, its parent company has announced…
Suncorp calls ‘code red’ on claims costs after poor half-year
15 February 2016
Suncorp Group has reported a net profit of $530 million for the six months to December 31, down 16% on the previous corresponding period…
RACQ Insurance unveils cyclone mitigation discounts
15 February 2016
RACQ Insurance has launched a scheme offering premium discounts of up to 20% to clients in north Queensland under its Household Cyclone Resilience Program…
Chubb reveals new leadership line-up
15 February 2016
Chubb has announced the key management positions that will take effect when Chubb and Ace begin operations as one entity in April…
Lenders join forces to help brokers grow
15 February 2016
Premium Funding and St George Bank have teamed up on a product that enables brokers of all sizes to borrow more for acquisitions, succession planning and refinancing, with “generous” repayment terms…
Barber targets Willis Towers Watson growth
15 February 2016
Willis Towers Watson has a golden opportunity to grow its share of the Australasian market, according to new boss Tony Barber…
CommInsure’s GI operation reports premium gains
15 February 2016
CommInsure’s general insurance premium increased 4% to $706 million in the six months to December 31…
Media group rolls out Ace-backed travel insurance
15 February 2016
Fairfax Media has partnered with Ace on a new travel insurance product, Travellers Insure…
Genworth Australia unaffected by ratings downgrade
15 February 2016
Standard & Poor’s has downgraded its group credit profile for Genworth Financial from bbb- to bb, but the Australian mortgage insurance operations remain unaffected…
Konekt stays on acquisition trail
15 February 2016
Workplace rehabilitation services provider Konekt is expanding its Canberra presence through the acquisition of return-to-work company SRC Solutions…
Naming row dents Bob Jane motor venture
15 February 2016
Proposed motor insurance start-up Bob Jane Integrity Insurance has stalled…
Zurich exits strata market, completes business overhaul
08 February 2016
Zurich has pulled out of the strata market, but says no more significant changes to its Australian operations are planned…
Stream collapse costs RACQ up to $10 million
08 February 2016
RACQ Insurance says it could be up to $10 million out of pocket following the winding-up of former home repair partner Stream Group Australia…
Greenstone seeks private investor after IPO pullout
08 February 2016
Richard Enthoven, the co-founder and Executive Chairman of direct insurance marketing company Greenstone, has no regrets about last year’s aborted $984 million float…
QBE firm on mental illness exclusion, despite tribunal loss
08 February 2016
QBE says mental illness exclusions in travel insurance “are still necessary”, despite a tribunal finding in favour of a woman who claimed she was a victim of discrimination…