Insurance Group Australia (IAG) has announced an increase in its catastrophe reinsurance programme from $5 to $5.6 billion for the 2014 calender year. IAG’s Chief Financial… Read More »IAG Increases Catastrophe Cover by 600 Millions
The top ten insurers in Australia account for nearly 80 per cent of the sector’s $2.8 billion in profit last year, official figures show. At… Read More »Australian Insurance Industries $2.8 billion Profit Last Year
Insurance Australia Group (IAG) chief Mike Wilkins has told media that with an increase in reinsurance cost house and car insurance premiums are set to rise.… Read More »IAG expect premiums to rise up to 10 per cent
Wesfarmers Insurance has appointed Stuart Blake as Chief Operating Officer, Corporate Partners. He will lead the Corporate Partners business, taking operational responsibility for the Lumley… Read More »Wesfarmers Insurance appoints Stuart Blake
Bank of Queensland has purchased St Andrews Insurance from the Commonwealth Bank to allow the bank to expand into the mortgage insurance sector, St Andrews has 165,000… Read More »Bank of Queensland buys Life Insurer St Andrew's
Australian car insurers are generally divided into two groups, direct insurers and general insurers who also offer their products through brokers. Direct Insurers AAMI, Budget Insurance, GIO,… Read More »Car Insurance in Australia
Australian insurers have paid out $4.3 billion in natural disaster payouts since 2007 which is more the 2.5 times the 20 year average, with 1.1… Read More »Insurance cost look set to rise in Victoria and Queensland
Insurance Australia Group has announced a range of cost cutting measures including a redundancy programme that would result in axing of middle management jobs across… Read More »Insurer IAG cost cutting include job losses
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