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Corporate

Suncorp warns of margins slump

14 December 2015

Suncorp’s general insurance margins have been hit by a record run of natural catastrophes and the falling Australian dollar, the listed insurer announced to the market today…

QBE turnaround set to pay dividends

14 December 2015

QBE is in a position to perform better following a successful turnaround of its once-struggling business, according to ratings agency Moody’s…

iSelect pulls plug on takeover talks

14 December 2015

iSelect says “recent volatility” in its business is behind the decision to call off talks about a possible takeover deal by US private equity group Providence Equity Partners…

Marshall takes top spot at Pen

14 December 2015

Gary Marshall is the new GM of Arthur J Gallagher-owned Pen Underwriting, replacing CEO Paul Lynam, whose position has been declared redundant…

Scores of jobs to go in Zurich restructure

07 December 2015

Zurich Australia is to slash at least 65 jobs under a restructure that mirrors global cuts at the troubled insurer, according to informed sources…

Pen chief Paul Lynam leaves

07 December 2015

Pen Underwriting CEO Paul Lynam has left the company three years after selling his Lloyd’s agency SRS to Arthur J Gallagher…

Ironshore branches out in NZ

07 December 2015

Specialist international insurer Ironshore has opened an Auckland office as it steps up investment in the New Zealand market…

New arrival Argenta already on acquisition trail

07 December 2015

Lloyd’s syndicate Argenta has established an Australian presence before it enters a co-tenancy “hub” arrangement with Lloyd’s, Talbot Underwriting and Ironshore in April…

AUB expands risk services division

07 December 2015

AUB Group, previously known as Austbrokers Holdings, has announced the acquisition of integrated rehabilitation and disability employment services provider CIM Group…

Vero adds drone cover to liability policy

07 December 2015

With more Australian companies using unmanned aircraft in their business activities, Vero has included drone coverage in its public liability policy – an industry first…