Listed group announces after-tax profit of $41.2m – even without feeling the full benefit of recent acquisitions
Established by a major insurer and underwriting agency, a new surety business has launched in a largely untapped sector as the use of such bonds rises.
A broker network has bought a major stake in an intermediary which was formerly a member of its closest rival.
One of Australia’s largest cluster groups has confirmed that its buying spree will continue in an exclusive interview with Insurance Business TV.
The deal adds $80m GWP to the network and is to provide it with greater capacity in the Lloyd’s of London market.
The plant and equipment firm has been on an extensive recruitment drive to fill eight key positions across Australia.
It’s ‘business as usual’ for two underwriting agencies recently acquired by a major cluster group, but product enhancements are on the way.
A subsidiary of one of Australia’s largest cluster groups has acquired a major stake in two underwriting agencies for a combined purchase price of nearly $10m.