AAMI

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Insurers Reporting Mixed Results

With half yearly profit reporting season in full swing the fortunes for our leading insurers vary, here is summary of some of the results. Insurance Australia Group (IAG) half-year profit jumps 39% with improved performances from each of its businesses in Australia, New Zealand and Asia. IAGs brands in Australia include CGU, NRMA Suncorp, Australia’s largest general insurer by market value with brands like AAMI, GIO and Vero. They group has said its general insurance claims expense increased 12 percent to A$3.2

Suncorp Profit Falls despite home insurance premium rise

Suncorp full-year profits is down to $274 million (from 491 million in 2012) despite a growth in its house insurance and car insurance premiums. A large portion of the loss has be attributed to its banking business, its life insurance and superannuation division earnings fell from $251 million to $60 million. Suncorps insurance brands include AAMI, Asteron Life and Vero Please note Quotesonline Insurance News is an

Does Landlord Insurance Cover Flood

Not all insurers offer flood cover with Landlords Insurance. AAMI, Suncorp and Vero are amongst the Australian insurers that  include it automatically. Allianz, CGU and Zurich offer optional cover. Before for purchasing check with the insurer’s product disclosure statement or ask your broker Click here for a Landlords Insurance Quote   Please note Quotesonline Insurance News is an information service provided by third

John Stringer Appointed as CEO RAC Insurance

RAC Insurance has appointed John Stringer as CEO, replacing Mike McCarthy who left in December. Mr Stringer joined the Western Australian based insurer in February 2011 as GM Claims and has more than 35 years’ experience in the industry, both in both broking and general insurance. He was most recently an EM at Suncorp subsidiary AAMI. Source Insurance News .com.au Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the

Suncorp 2nd Half Profit Improves after drop in claims

Suncorp has reported an improvement in its overall result, recovering from record claims last year,  Suncorp’s full-year general insurance profit of A$493 million exceeded expectations for a profit of A$390 million This follows fellow Australian insurer QBE reporting a below forecast 13 percent rise in profit. Suncorp insurance brands include AAMI, APIA, Suncorp and Vero   Insurance Quotes Click Here Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd

AAMI and Budget Direct Top Cannex Ratings For Car Insurance Value

In the latest Cannex ratings AAMI and Budget Direct were recognised for offering the highest overall value for car insurance. With up to 160 cars stolen in Australia every day it may be time to check how your insurer rates.     Arrange an Insurance Quote Here Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers

Suncorp Insurance Cost Rise

Suncorp Insurance has been hit with massive increases in costs in the current financial year, due to the continuous string of natural disasters in the country. The Queensland based company ranked fifth in Australia’s banks, is currently already $250 million over its expected cost of $460 million for natural disasters and hazard costs. The end of April saw the balance sheet hit over $700 million with 2 months worth of claims remaining. This financial year the company has had

Australian Insurance company AAMI, have revealed their decision to all of the existing branches around Australia in response for consumers demand for more convenient services. AAMI (Australian Associated Motor Insurers Ltd) has been operating for over 40 years as a leading insurance provider. The company is planning on closing 24 branches Australia wide and shifting the entire business online, affecting around 100 of its staff members. Servicing over 3 million customers AAMI spokesman has denied the decision

Suncorp, Budget Direct and AAMI at the top

Queensland’s Suncorp Insurance has been named top car insurer in by Canstar Cannex. Suncorp Insurance received the award for the second consecutive year for excellent claims service, while Budget Direct and AAMI claimed top rankings for providing the best value. Please note Quotesonline Insurance News is an information service provided by thirdparties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s

Queensland’s Suncorp Insurance has been named top car insurer in by Canstar Cannex. Suncorp Insurance received the award for the second consecutive year for excellent claims service, while Budget Direct and AAMI claimed top rankings for providing the best value. Please note Quotesonline Insurance News is an information service provided by thirdparties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in

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