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Showing 111 - 120 of 127 results for "Insurance Australia"

IAG expects above 12% insurance margins ahead

AAP  |  THURSDAY, 19 AUG 2004
Insurance Australia Group (IAG) expects to sustain an insurance margin above 12%, today unveiling a bumper net profit enhanced by huge returns on its sharemarket investments. IAG booked a net profit of $665 million for the year to 30 June, compared ...

Insurers expected to report big profits this week

AAP  |  TUESDAY, 17 AUG 2004
... kind to insurance companies in 2004 but the market wants to see just how kind when heavyweight insurers AMP, Insurance Australia Group (IAG) and QBE insurance unveil profits this week. Analysts have tipped strong results across the sector, built on the ...

Chief executive Hawker shuffles the deck at IAG

AAP  |  WEDNESDAY, 21 JUL 2004
Chief executive Michael Hawker has shuffled the top ranks at Insurance Australia Group (IAG) in a bid to better align management with the insurer\'s business in 2004. IAG\'s structure has been divided along personal and commercial lines. Personal insurance ...

IAG reveals new internal structure

AAP  |  TUESDAY, 20 JUL 2004
Insurance Australia Group today announced a new structure for its Australian insurance operations that is more closely aligned to its core products personal insurance and commercial classes. Australian Personal Insurance includes home, motor, niche ...

Reinsurance Australia to apply for general insurance licence H2

AAP  |  MONDAY, 31 MAY 2004
Reinsurance Australia Corporation (Re AC) will apply for a new general insurance licence in the second half of 2004, chairman Richard Hill told shareholders today. Re AC, which has been in run-off mode and not writing new policies for more than three ...

S&P says nonlife insurance sector will remain strong in 2004

AAP  |  TUESDAY, 25 MAY 2004
... reported robust earnings in 2003 that mainly exceeded market expectations or prospectus forecasts. For example, Insurance Australia Group (IAG) reported a net profit of $302 million for the six months to 31 December, 2003, compared to $62 million in ...

IAG posts strong increased in half year profits

AAP  |  THURSDAY, 26 FEB 2004
Insurance Australia Group Ltd (IAG) posted a strong increase in profits for the half year to December 2003 on the back of resurgent equity markets and solid acquisitions, and announced plans to undertake a $350 million off-market share buyback. IAG ...

S&P affirms A minus ratings on MBF Australia, outlook stable

AAP  |  THURSDAY, 11 DEC 2003
... Australia's second largest health insurance fund, will acquire the NRMA Life and ClearView businesses from Insurance Australia Group (IAG). The acquisition comprises financial planning, investment and superannuation businesses branded as ClearView, and ...

IAG to sell ClearView businesses to MBF

Insurance Australia Group (IAG) has announced it has agreed to sell its ClearView businesses to MBF for approximately $220 million plus up to $50 million in earn-out, subject to business performance. Under the sale agreement, MBF will pay IAG an upfront ...

Low rainfall sparks hopes of high insurance earnings

AAP  |  THURSDAY, 9 OCT 2003
... earnings in the coming year. Analysts at UBS have upgraded their earnings estimates for Promina Group Ltd, Insurance Australia Group Ltd (IAG) and QBE Insurance Group Ltd, saying that the low rainfall has kept a lid on motor vehicle accident claims. ...