NZ auction website moves into insurance
17 August 2015
Trade Me, New Zealand’s biggest internet auction site, has teamed up with major insurer Tower on a new direct insurance offering…
Corporate
Suncorp posts $1.13 billion profit
10 August 2015
Suncorp has reported net income of $1.13 billion for the year to June 30, up 55.2% on the previous year despite a huge hit from catastrophes…
Brokers to see ‘little impact’ from Berkshire deal: IAG
10 August 2015
IAG will not quit large commercial business following its partnership with Warren Buffett’s Berkshire Hathaway, a spokesman has told insuranceNEWS.com.au…
Austbrokers diversifies further with Allied Health deal
10 August 2015
Austbrokers has paid $8.6 million for a 60% stake in work health and safety rehabilitation service provider Allied Health Australia…
JLT names new country chairman
10 August 2015
JLT Australia has appointed Executive Director André Louw as its new Chairman…
BHSI lures more execs
10 August 2015
Berkshire Hathaway Specialty Insurance’s Australia and New Zealand operation continues to bring in senior executives from big-name competitors…
QBE LMI chief moves up to global role
10 August 2015
QBE Lenders’ Mortgage Insurance CEO Jenny Boddington has moved into a strategic position as Global Head of Bancassurance…
Stream announces new CEO, chairman
10 August 2015
Claims service provider Stream Group has appointed Gavin Dixon as CEO, with MD Don McKenzie stepping down and moving to a more strategic role…
Crop insurer eyes bigger role for rural brokers
10 August 2015
A crop insurance advice grant proposed in the Federal Government’s agriculture white paper will help more rural brokers enter the sector, Latevo International CEO Andrew Trotter says…
Genworth takes hit in mining states
10 August 2015
Genworth Mortgage Insurance Australia has reported higher losses from Queensland and WA as the mining boom winds down…
Australian Reliance links up with WA farmers’ group
10 August 2015
The WA Farmers Federation has signed an insurance partnership with broker Australian Reliance…
IAG introduces digital division
03 August 2015
IAG has appointed Peter Harmer as CEO of IAG Labs – a new division focusing on digital innovation…
Steadfast Direct gears up with a $2 million bang
03 August 2015
Steadfast brokers have embraced the group’s new direct personal lines service, putting about $2 million in premium through the facility so far…
QBE unveils management shake-up
03 August 2015
QBE Australia and New Zealand CEO Colin Fagen will become Group Chief Strategy Officer, responsible for global growth and efficiency initiatives…
Analyst’s assessment angers Austbrokers
03 August 2015
A claim in Fairfax Media that US insurance and investment giant Berkshire Hathaway is pursuing a strategy that will “put Austbrokers out of business” has been discounted for using inaccurate information and incorrect assumptions…
New MD ‘catalyst for growth’ at Insurance Advisernet
03 August 2015
The appointment of Shaun Standfield as MD will drive a renewed focus on growth, authorised representative and broker group Insurance Advisernet says…
JLT’s new business push assists half-year gains
03 August 2015
JLT Australia and New Zealand has recorded revenue of £61.1 million ($130.4 million) for the six months to June 30, up 1% on the corresponding period last year…
Fitch affirms QBE ratings, lifts outlook
03 August 2015
Fitch has affirmed its ratings on QBE but lifted the outlook on them to reflect the insurer’s stronger operating performance…
Fitch upgrades Suncorp
03 August 2015
Fitch has lifted Suncorp Group’s long-term issuer default rating to A+ from A, reflecting updated rating criteria for Australia…
Lloyd’s joins pact to combat Asian underinsurance
03 August 2015
Lloyd’s, the Monetary Authority of Singapore and the British Government have signed a statement of intent to “support and nurture” insurance markets in the region and tackle underinsurance…