A major Australian insurer has announced the sale of its US agency businesses, it has been announced.
A key player has had its credit rating confirmed and its outlook revised by a leading ratings agency.
PLUS: An insurer completes an institutional share placement, and another insurance company delivers a “record half year” profit.
An insurance company has named and shed more light on the partial sale of two of its Australian underwriting businesses.
An insurer has revealed plans to create a joint venture from two of its Australian agency businesses, divest a US business and sell off other operations.
One of the Australian market's key insurers is combining two divisions to create a new one which, it says, will position it for profitable growth.
QBE investors have expressed hope for a “path to better times” after making it clear they were disappointed with last year’s results, as the insurer’s chairman admitted an “awful result”.
An insurance group’s chief risk officer has been replaced by a new appointee after deciding to consider other roles within the company.
PLUS: An insurer launches app to make life easier for brokers; an Aussie giant sells $350m of floating rate notes for an acquisition; a Marsh state manager joins a new team, and more.
An insurance company group CEO admits it has been a “tough year” for investors and the business.