Company: AUB Group Page 1 / 1
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- February 20 2024
AUB upgrades earnings guidance as H1 FY 2024 pre-tax profits grow 18.3%
A doubling of underlying net profit after tax in its underwriting agencies and New Zealand businesses bolstered the Australian broker's results.
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- January 25 2024
AUB Group bolsters M&A war chest with US$560m debt deal
The refinancing and new loan give US$171m of available liquidity to the Australian broker providing financial flexibility ‘to capitalise on organic and inorganic growth’.
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- November 2 2023
AUB-owned Tysers to settle US Department of Justice probe for US$47m
The matter related to Integro Insurance Brokers and the conduct of business in Ecuador between 2013 and 2017.
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- September 8 2023
Tysers Singapore ropes in Babita Rai as reinsurance MD
In her new role, Rai will lead the AUB Group-owned Lloyd's wholesale broker's reinsurance operations in the Lion City.
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- August 22 2023
AUB Group’s net profit zooms 74% in FY 2023
The Sydney-headquartered broker’s group revenues crossed the billion-Australian-dollar mark as Tysers’ earnings exceed forecasts.
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- June 19 2023
AUB completes US$10m share purchase plan
The proceeds will be used to increase financial flexibility and balance sheet strength to allow AUB to capitalise on its 'attractive M&A pipeline'.
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- June 8 2023
Neil Dempsey joins 360 Underwriting Australia as head of property, mid market
Sydney-based Dempsey joins from a rival MGA and will work with Jonathan Moss, executive director, mid-market property.
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- May 18 2023
AUB in US$100m equity raise as Tysers UK retail JV with PSC called off
The fundraise is more than the US$66.5m it was due from PSC under the 50/50 JV agreement, as the broker targets more M&A.