Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Markets
10 September 2025 by Adrian Suljanovic

Are big banks entering a new cost-control cycle?

Australia’s biggest banks have axed thousands of jobs despite reporting record profits over the year, fuelling concerns over cost-cutting, offshoring ...
icon

How $2.68tn is spread across products and investments

Australia’s $2.68 trillion superannuation system is being shaped not only by the dominance of MySuper and Choice ...

icon

Private credit growth triggers caution at Yarra Capital

As private credit emerges as a fast-growing asset class, Yarra Capital Management remains cautious about the risks that ...

icon

CBA flags end of global rate-cutting cycle

The major bank has indicated that central banks are nearing the end of their rate-cutting cycles, while Trump’s pressure ...

icon

ETF market nears $300bn as international equities lead inflows

The Australian ETF industry is on the cusp of hitting $300 billion in assets under management, with VanEck forecasting ...

icon

Lonsec joins Count in raising doubts over Metrics funds

Lonsec has cut ratings on three Metrics Credit Partners funds, intensifying scrutiny on the private credit manager’s ...

VIEW ALL

Former Promina chief joins IAG

  •  
By Stephen Blaxhall
  •  
2 minute read

IAG has hired former Promina head.

Former Promina chief executive Mike Wilkins has resurfaced at Insurance Australia Group (IAG). Wilkins joins IAG as chief operating officer.

"I'm delighted to have someone of Mike's calibre join our team and strengthen the Group's capability set," IAG group chief executive Michael Hawker said. 

"He has contributed significantly to the industry, including leading the Insurance Council of Australia as president, and as a director of IFSA."

Wilkins departure from Promina follows the group's merger earlier this year with Queensland based financial services group Suncorp Metway.

 
 

Wilkins also previously served as Tyndall Australia managing director.

IAG has also downgraded its revenue forecast for fiscal 2008 to between 7 per cent and 9 per cent growth in gross written premiums (GWP) from an earlier forecast of 10 per cent to 12 per cent growth.

The group said lower GWP expectations from its Advantage (UK) and Australian commercial businesses were the reason for the downgrade in forecast.