IAG launches $300m buy-back as profit drops 14%

Insurance Australia Group will launch a $300 million off-market share buy-back after annual profit dropped 14 per cent.

Medibank's core health insurance brand has underperformed in an already slowing market. Shares fell 5 per cent.

AMP hopes to revamp its troubled life insurance division by re-writing policies to reduce its exposure to claims that can last a lifetime.

QBE has ousted its Australian country head and flagged local customers face price rises as the company moves to improve ailing profit margins.

Low yields have hurt QBEs investment returns which means the insurer has to work harder on its 'day job.'

The insurer says falling interest rates and the fallout from Brexit meant it had to increase the value of its claims liabilities by $US283 m...

Challenger has inked deals with Suncorp and ClearView Wealth that are tipped to turbo charge its booming annuities business.

Challenger's full year profit has jumped nearly 10 per cent to $327.7 million, driven by a record $3.4 billion in annuity sales.

When AMP hands down its half-year numbers on Thursday, fund managers and analysts will be looking for two things; a $538 million underlying ...

Insurance giant QBE Group is expected to show a 20 per cent decline in half-yearly net profit, but the real focus is on underlying margins.

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