Industry throws weight behind disaster funding inquiry
An inquiry into disaster funding and mitigation has revealed the full scope of the investigation, and the industry is getting ready to participate.
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Wesfarmers sells broking and premium funding businesses
Wesfarmers has sold its broking and premium funding businesses to an intermediary heavyweight.
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Industry player funds insurance affordability program to shrink premiums
An insurer is undertaking a strata building resilience project which will see it revisit pricing, and could possibly lead to premium reductions of 25%.
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IAG and Wesfarmers respond to ACCC go-ahead; awaits further approvals
The insurers say ACCC’s green light is a “milestone” but must wait for other authorities to also give their seal of approval - and one is stalling.
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Disaster resilience needs national approach
CEOs from major institutions have called for a collaborative approach to consolidating research, data and associated funding to better protect Australian communities against the impact of natural disasters.
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Insurer to raise hundreds of millions to fund acquisition
An Aussie insurer plans to raise millions to partially fund the acquisition of an underwriting business it earmarked to buy last year.
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Aussie insurer predicts surge in profits
An insurance company anticipates a boost in insurance margin for the full year 2014 – even without the impact of a $1.8bn acquisition of a rival's business made late last year.
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Insurance company bolsters reinsurance programme
An insurer has upped its reinsurance protection including greater cover against earthquakes in Australia and New Zealand.
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Wesfarmers sells underwriting business to major player
Wesfarmers has sold its underwriting unit for $1.845bn.
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Shareholders slam pay and Asia plans at insurer AGM
An Aussie insurer has been forced to defend senior management’s multi-million dollar pay packets and explain why new international plans will avoid the same fate as its UK business.