Fresh NZ proposition holds out to ‘twin headwinds’

August 29th, 2016

The twin headwinds of price and interest rates that have dented AUB Group’s Australian broking arm, as shown in last week’s results, have done little to stop the momentum growing in its New Zealand operations, says Group CEO and managing director Mark Searles. Audibly enthused by events in New Zealand in the 18 months since […]

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AUB hails diversification strategy as profit rises

August 29th, 2016

AUB Group has reported net income of $42 million for the year to June 30, up 20.4% on the previous year. MD and CEO Mark Searles says he is delighted with the performance in the face of “twin headwinds” – falling premiums and declining investment returns. “The thing that pleases me is how our strategy […]

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Risk Services footprint expands

August 29th, 2016

AUB Group partner, Altius Group, has announced its latest acquisition confirming the purchase of Western Australia-based injury management and psychological services business, PeopleSense. The move “accelerates” AUB Group’s total risk solutions strategy and marks a geographic spread for the business which has set its sights on becoming the foremost total risk solutions partner across Australia. […]

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AUB Group adds industry veteran

March 1st, 2016

AUB Group has announced the addition of an industry veteran to help strengthen its total risk solution offering for clients. The Group has added Jordan Hawke to aid its financial risk offering as he will join the business to lead the life and financial services initiative at the company. 

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Diversify to survive

March 1st, 2016

Sydney Morning Herald: The pressure is on for insurance brokers to diversify their business amid prolonged difficult conditions wrought by falling commercial insurance rates, according to AUB Group. Mark Searles, the chief executive of the $576 million broking group, said the outlook for commercial insurance remained “challenging” after years of depressed premium prices. The trend […]

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AUB Group 1HY16 Results

February 25th, 2016

72% increase in Reported consolidated Net Profit After Tax for 1HY16 to $23.8m (1HY15: $13.9m)1, benefiting from the $6.2m after tax profit on the sale of an associate. 3.5% increase in Adjusted NPAT2 to $12.9m (1HY15 $12.4m). Fully franked interim dividend maintained at 12 cents per share. AUB expects FY16 Adjusted NPAT growth to […]

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Chief Future Officer’s CFO Spotlight – Jodie Blackledge, AUB Group

February 15th, 2016

Jodie’s top three business priorities for early 2016: 1.Engagement and development of my team across all facets of my role – we’re a people focused organisation. 2.Exploring the potential of leveraging services abroad – utilising service capability and capacity in India is definitely on the radar. 3.When preparing our half year results release to shareholders, ensuring […]

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The ASX files: The value is out there

February 12th, 2016

Volatility in global markets has not produced a fire sale of quality companies, but experts say there are opportunities if you know where to look. by James Frost and Sally Patten Steep and sudden sharemarket sell-offs have proved to be a happy hunting ground for those with long-term horizons.

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Analysis: The rise of Australia’s broker networks

February 2nd, 2016
Excerpts from the UK’s Post Magazine: James Chalmers explains why Australia’s broker networks are expanding beyond their traditional independent broker network base. Once a frontier land teeming with small independent brokers, the Australian broking landscape has become increasingly consolidated as competition and compliance costs ratchet up the pressure to join forces. Large internationals such as Aon, […]Read More

Future Forecast

January 19th, 2016
Market conditions, the Financial Systems Inquiry, big data and wearable technology – these are some of the topics occupying the minds of industry leaders. Broking – Mark Searles – CEO and Managing Director, Austbrokers: “The consensus about the insurance market is that the commercial lines outlook is still challenging. While premium rates are expected to stabilise, […]Read More

AUB Group boss on 2015 highlights and challenges for 2016

January 19th, 2016
AUB Group managing director Mark Searles tells IBNZ his 2015 highlights and what challenges he expects the company – and the industry – will face this year. What have been the highlights of 2015 for you? We’ve just achieved our 10th consecutive year of underlying profit growth since listing, which, given the recent state of […]Read More

AUB Group continues momentum and sells shareholding in Strathearn

December 18th, 2015
Sydney, 18 December, 2015:  After an eight year association, ASX-listed AUB Group Limited (ASX:AUB), owners of the Austbrokers broking network, has announced it will no longer hold ownership in Strathearn Insurance Group (Strathearn). “Divesting in businesses is uncommon for AUB Group. Our unique ‘owner-driver’ partnership model has resulted in only a handful of divestments in […]Read More

Group acquires one of NZ’s largest brokers

December 14th, 2015
Group’s owner acquires one of NZ’s largest brokers AUB Group (owners of NZbrokers) has acquired one of New Zealand’s largest brokers – the current Insurance Broker of the Year, Runacres and Associates – from IAG. The group has arranged the deal through its 80% owned entity AUB Group NZ Ltd, making the announcement this morning. AUB Group CEO […]Read More

AUB Group CMO’s 5 tips for a successful rebranding strategy

December 9th, 2015
Marketing leader talks through the recent rebranding from Austbrokers to AUB Group as part of a new global brand identity Successful rebranding requires patience, good timing and an engaging strategy, according to AUB Group CMO, Vanessa Lyons. Lyons was instrumental in the recent brand evolution of the risk and insurance solutions provider, formerly known as […]Read More

Broker network announces latest acquisition

December 3rd, 2015
AUB Group, the recently renamed parent company behind Austbrokers has announced that its equity partner Altius Group has acquired provider of integrated rehab and disability employment services, the CIM Group. Having acquired 60% of Altius in a deal in January of this year, AUB Group announced the latest move which helps the business strengthen its […]Read More

Austbrokers Holdings renames to AUB Group

November 30th, 2015

Austbrokers Holdings Limited (ASX:AUB) has changed its group company name to AUB Group Limited. The change was approved at the Austbrokers Holdings Annual General Meeting on Thursday 26 November, and is effective from today, Monday 30 November. AUB Group (formerly Austbrokers Holdings) CEO and Managing Director Mark Searles said “We’ve evolved significantly as a company […]

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Major player Austbrokers reworks CEO deal

October 26th, 2015
From Insurance Business: Austbrokers has announced the extension of its current CEO Mark Searles’ term from 1 January 2016 for a further three years. Retiring director and chairman Richard Longes said Searles had done an ‘excellent job’ in leading the company through difficult insurance  market conditions while diversifying operations into New Zealand, Risk Services and […]Read More

Mark Searles – Austbrokers CEO talks total risk management

October 26th, 2015
Surviving and thriving in challenging times Mark Searles, CEO and managing director of Austbrokers, talks income diversification and shares his frustrations at inaccurate media reporting. From Insurance Business magazine, Issue 4.5  If there’s one thing that irritates Mark Searles, it’s journalists who don’t check their facts. In July, an investment analyst authored a piece published […]Read More