Wesfarmers weathers underwriting storms
25 February 2008
Wesfarmers' insurance division enjoyed a 29.1% increase in operating revenue to $799 million for the second half of last year despite an adverse claims environment…
Corporate
Suncorp appoints former Zurich GM
25 February 2008
Suncorp has appointed Anthony Day as EGM Intermediated Distribution, Commercial Insurance…
Netballers get QBE support
25 February 2008
QBE has announced a sponsorship deal with trans-Tasman netball competition team the NSW Swifts…
Investments drag Axa profit down 4%
25 February 2008
Axa Asia Pacific Holdings claims it is well placed to handle volatile market conditions despite a 4% fall in net profit to $638.7 million and a 71% drop in investment returns…
Calliden achieves first net profit
25 February 2008
Calliden has reported its first net profit as a general insurer…
Stardex merges PI brands
25 February 2008
Stardex is bringing its professional indemnity underwriting agencies together under one banner…
Allianz joins move on aviation
25 February 2008
Allianz has joined the rush to enter the local aviation insurance market, following hot on the heels of AIG's local operations, which announced a similar move last week…
ANZIIF membership up 4%, turnover 13%
25 February 2008
The Australian and New Zealand Institute of Insurance and Finance enjoyed a 13% increase in turnover to $14.34 million last year…
Liberty offers pollution insurance
25 February 2008
Liberty International Underwriters is extending its pollution liability insurance cover to the Asia/Pacific region…
Storms belt CommInsure income
18 February 2008
Storms in Victoria and NSW whittled CommInsure's income down to $273 million in the second half of 2007, an increase of 2% on the previous corresponding period…
AIG to underwrite aviation in Oz
18 February 2008
AIG Australasia has established a local underwriting division for the aviation and aerospace markets…
AMP nets 8% gain in profit
18 February 2008
AMP has booked an increase in net profit of 8% to $985 million for last year amid falling investment income…
AAMI launches budget online car insurer
11 February 2008
Suncorp subsidiary AAMI has unveiled a budget car insurance portal targeting consumers with a "no frills" sales catch…
Tower sets rebrand timetable
11 February 2008
Tower Australia will rebrand within a year, according to MD Jim Minto…
Lloyd’s to drive claims revolution
11 February 2008
Lloyd's has launched a three-year claims change program in collaboration with the Lloyd's Market Association…
Ebix snares Telstra eBusiness for $50 million
04 February 2008
Insurance software specialist Ebix has acquired Telstra's general insurance technology operation, Telstra eBusiness Services - which includes transaction platform Sunrise Exchange…
Suncorp expects $325 million in synergies
04 February 2008
Suncorp has improved its forecast merger savings but downgraded its insurance trading ratio due to increased weather-related claims…
AMP unties Gordian
04 February 2008
AMP has offloaded its closed reinsurance and general insurance operation Cobalt/Gordian to Bermuda-based closed book specialist Enstar Group for $585 million…
QBE expands in US
04 February 2008
QBE has acquired US property and casualty insurer North Pointe Holdings Corporation in a $US146 million ($164 million) acquisition, subject to regulatory and shareholder approval…
Austbrokers adds Qld broker
04 February 2008
Austbrokers' expansion continued apace with a 50% purchase of Queensland-based Rivers Insurance Brokers…