Insurance

AXA posts strong H1 profit

by AAP
French insurance group sees profit lift by 22 per cent.

QBE to resume US sell-off

QBE likely to resume the sales process for its $1bn-plus US insurance business in September.

QBE dives 11% on latest profit hit

Insurer's shares touch 7-month low as Latin American business weighs on NPAT, cash profit.

Latin American risk mars QBE's report card

2 comments
After finally getting its North American business under control, the news that QBE is facing legacy issues within its Latin American business is another blow to shareholders. Prudent management, combined with a dose of luck, is desperately needed.

IAG lifts FY outlook

Strong second half with few natural perils spurs insurer to upwardly revise guidance.

Government calls for Mint, ASIC unit scoping advisers

The government expects to sign contracts with successful advisers and start work on the scoping studies in early August.

SAI Global pushes back bidding deadline

Rival bidders to Pacific Equity Partners still poring over books.

Medibank to start roadshow next week

Three-week roadshow to kick off on July 8 for $4 billion initial public offering.

QBE creates emerging markets arm

Insurer combines Latin America, Asia Pacific divisions; appoints David Fried head.

Wesfarmers gets approval to sell broking arm

Retail giant receives regulatory approval for sale to Arthur J. Gallagher.

Suncorp eyes technology savings

Insurer looks to tech-led innovation In a bid to soften the blow of this week's writedown.

Suncorp flags $500m writedown

Insurer says non-cash writedown of intangible assets will not impact cash earnings or dividends.

IAG to buy back £157m of debt

Insurer expects gearing ratio to be at the mid-point of its targeted 30-40% of capitalisation.

IPO market back with a bang

The successful pricing of two big-ticket floats in the last week shows the Australian IPO market has shaken off early doldrums.

IAG plans Australian restructure

Insurer to split operations into personal insurance and commercial insurance arms.

Genworth Australia shares up 11 pct on debut

On their first day of trading on the ASX, shares in Genworth Australia gained 11 per cent.

Genworth IPO raises $583m

The mortgage insurer sold 220 million shares at the upper end of its IPO price range, in the year’s biggest float to date.

Allianz wants a more stable Pimco

Insurer posts fall in Q1 profit as its fund manager Pimco records soft result.

NZ regulator clears IAG's Wesfarmers buy

NZ Commerce Commission says insurer's purchase of Lumley business will not lessen competition.

NZ delays decision on IAG, Lumley deal

Corporate regulator delays decision on planned acquisition by one week.

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