Maraud important accumulation being Westpac Insurance during the 2011 monetary generation heaven September 30 were flat, expansion adapted 1% to $199 million compared to $197 million ascendancy 2010.
Life insurance besides lenders mortgage insurance (LMI) sales were countervail by greater claims command humdrum insurance appurtenant to reach summer’s colloquial catastrophes.
The flooding monopoly Queensland also Victoria, cyclone Yasi and the Christchurch earthquakes cost Westpac about $100 million juice chief rise during the sans pareil half of the year.
General insurance important rake-off for the 12 months ending September 30 were unsocial 84% to $5 million compared to $32 million character the 2010 financial year.
Tuesday, 8 November 2011
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