Insurance

How Medibank customers will make or break its float

3 comments
The strategy put in play by George Savvides and Mathias Cormann requires a few key ingredients to ensure its success.

US govt faces $US40bn AIG suit

Lawsuit against govt begins in court amid claims of unlawful seizure of 80% stake in AIG.

Govt woos retail investors for Medibank float

Pre-registration for $4bn IPO of the private health insurer begins, Cormann denies premiums will lift.

NAB mulls selling life insurance unit

Sale likely to attract attention of range of suitors including Chinese, Japanese and Canadian insurers if goes ahead.

IAG may close New Zealand branches

by AAP
IAG's State will decide mid-October whether to shut down branches as customers phone or turn online for assistance.

QBE announces board reshuffle

Jann Skinner and Stephen Fitzgerald set to join insurer's board from October 1.

QBE prices share purchase plan

Insurer boosts size of offering to $200 million, remains oversubscribed.

Insurers deliver record profits: KPMG

Australian insurers have generated record combined profits, but face big challenges, warns KPMG.

iSelect full-year profit falls 53%

Writedown on expectations of future revenue weighs on comparison website, group still upbeat on market fundamentals.

A robust balance sheet is QBE's best insurance

QBE's announcement of a capital plan and asset sales should create a more stable base for the group amid its volatile operating environment.

IAG lifts full-year profit to $1.23bn

Shares lift as insurer flags FY15 growth after benign weather boosted results.

iSelect flags $14m profit hit

Online insurance comparison website overestimated positive impact of commissions.

Suncorp chief takes home $9.12m in 2014

by AAP
Snowball's remuneration rises as insurer's profit, shareholder returns grow.

Suncorp FY profit surges

Shares jump as group targets further growth in FY15, flags special 30c dividend.

Govt names more bankers for Medibank sale

Bell Potter, CBA, Morgans and UBS to co-lead manage the $4 billion Medibank IPO.

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.

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