AUB outlines plans for three key appointments
AUB Group plans to appoint leaders to three new key positions in a reorganisation of its operating model following the landmark Tysers acquisition.
AUB Group plans to appoint leaders to three new key positions in a reorganisation of its operating model following the landmark Tysers acquisition.
AUB Group, the Australasian network of insurance brokerages and underwriting agencies, has released its FY23 results.
AUB Group earnings have surged with the Tysers acquisition performing above expectations and increased revenues and margin expansion reported across existing broking and agencies divisions.
AUB Group Limited has published its financial results for the half year ended December 31, 2022 (1H23), a period in which “all parts” of the company contributed strongly.
It’s official – Lloyd’s wholesale broker Tysers is now owned by ASX-listed firm AUB Group Limited. AUB, which consists of insurance brokers and underwriting agencies in over 500 locations across Australia and New Zealand, has completed its purchase of the London-headquartered brokerage.
AUB Group has announced its acquisition of Strata Unit Underwriters (SUU) from Insurance Australia Group (IAG). A media statement from the brokerage giant said IAG will continue to provide underwriting capacity to SUU under a long-term binder agreed.
AUB Group earnings have jumped following a strong rise in profit from Australian broking and expansion of the agencies business, as the company looks toward the completion of its major UK Tysers acquisition.
Australian Broking continued to grow strongly
JUNE/JULY 2022 - Insurance News magazine
Australian insurers are increasingly concerned about taking on “out of the ordinary” risks, AUB Group CEO and MD Mike Emmett says.
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