A state government will reinsure the provider’s home indemnity insurance product from 1 October.
An Australian insurer achieved strong growth across most lines, including double digit growth in two markets, but home insurance is an on-going challenge.
An Aussie player has returned to profit after making a loss last year, citing improved risk selection and a growing agency business as the key drivers.
One of Australia’s best known challenger insurers is so confident in its revolutionary approach that it believes others may follow suit.
It has been in the pipeline for months but the broker-facing business has finally revealed a launch date for a new product offering, and there’s more to come.
The company warns that its insurance portfolio “will begin to look quite different” as it reveals plans to reduce its exposure in some lines and boost it in others.
There are growing concerns that the only two insurers that provide a particular broker-facing tradesman product could pull out.
The commercial lines products are said to reflect the company’s interest in writing bigger risks.
Calliden boss says brokers are happy with result and hints at new product launches.
The Australian insurance giant is back in the black after a disastrous 2011.