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Genworth Mortgage lnsurance Australia Ltd director Gayle Tollifson is retiring on March 15, after eight years on the board.

IOOF 1H20 results signal 'new era'

Financial Services company IOOF Holdings Ltd has reported a 5.2% rise for 1H20 in funds under management, advice and administration (FUMA) on 1H19, while 1H20 statutory net profit after tax was down 15% to $115m.

Freedom readies for wind-up

Shareholders of direct insurer Freedom Insurance Group Ltd have been asked to approve $220,000 in remuneration to liquidators Joseph Hayes and Andrew McCabe of Wexted Advisors at an extraordinary general meeting on February 21 to wind up the company.

PSI buys HSEQ assets, stake in software business

PSC Insuranece Group Pty Ltd (PSI) has bought Perth-based health, safety, environment and quality (HSEQ) consultancy Ultimate Safety Solutions Australia’s (USSA) business assets and a 75% interest in the owner of SafeX software, Eden Software Pty Ltd’s (Eden), for $698,000. PSI said in an ASX statement that, in addition to its HSEQ consultancy services, USSA…

AUB spends $275m on 'strategic' buys

AUB Group Ltd has made two “strategic” buys to strengthen core business and enhance its ability to leverage technology and target new customer segments.

Climate-related risks, the new normal: QBE

Climate change risk is the “new normal”, Group CEO Pat Regan says in QBE’s annual report, released today with its FY19 results showing 4.2% drop in net profit after tax on FY18, to $US622m ($A924.6m).

IAG lowers margin guidance

IAG has increased its FY20 natural peril claims costs assumptions to $850m – up from $715m – and lowered its margin guidance to 12.5-14.5%.