Melbourne-based PSC Insurance Group has put a value of $7.7 million on the Western Australian arm of Australian Reliance, after announcing today it was buying the insurance broking group in multiple phases.
Australia's big four banks and one insurance company have been ranked within the top 100 most sustainable companies in the world, with Commonwealth Bank of Australia leading the charge for the nation.
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Australian Reliance has become the third major insurance broker in Western Australia to change hands in the space of five months, with newly listed company PSC Insurance Group agreeing to buy the Perth-based group.
Stockbroker Andrew Frazer is planning to keep together his 12-strong team in Perth and Sydney, after current backer GMP Securities announced a major restructuring of its international operations.
The executive chairman of Wembley-based ACI Broking Services has been banned from providing financial services for four years by the corporate watchdog.
The small Western Australian township of Yarloop appears to have been virtually wiped out and three residents are unaccounted for following an unpredictable bushfire, with the Insurance Council of Australia declaring it a catastrophe.
Strathearn Insurance Brokers has become the second big player in the sector to change hands this year, after US-based Arthur J Gallagher acquired the Perth firm for an estimated $60 million.
Western Australians are falling behind on their mortgage repayments at a higher rate than borrowers in any other state, according to new Reserve Bank of Australia data.
Falcon Minerals, which is preparing to become a 3D printer-focused company called i3D Technologies, has secured pre-commitments from investors ahead of a planned $5 million capital raising.
Kalgoorlie-based Goldfields Money has named former broker Simon Lyons as its new chief executive, concluding a lengthy board renewal process, which began three years ago when the company listed on the ASX.
An arrangement struck two years ago allowing Perth electrical, fire and security service provider Global Electrotech to slowly repay some of its $9 million plus debt to creditors has hit a snag.
The corporate watchdog has banned a third former Get Approved Finance broker from providing credit and financial services, after she was found to have engaged in misconduct.
SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.
Australian shares have opened more than one per cent higher after US jobs data at the end of last week gave further support to the idea of a Federal Reserve rate hike this month.
Programmed Maintenance Services is among five companies to be added to the S&P/ASX200 in changes to the market indices set to occur after market close on December 18.
The Australian share market has opened more than 1.5 per cent lower following big falls overseas in reaction to the European Central Bank's latest policy easing measures.
As part of a backdoor listing with Falcon Minerals, prominent technology investor Anthony Grist has paid $US1.5 million to become a major shareholder in a US-based company that has experienced rapid growth selling 3D printers.
Perth venture capital firms have welcomed government measures today that will allow small businesses to raise money by crowd-sourcing, but criticised them for not going far enough.
Commonwealth Bank of Australia will hand back a massive $80 million to customers after discovering it failed to apply fee waivers and other benefits to which they were entitled.
More than 200,000 ANZ customers will share in $13 million in compensation after the banking giant failed to pay them enough interest on their savings accounts.
The corporate watchdog has permanently banned Marion Pearson from providing financial services after she was found to have engaged in ‘misleading and deceptive' conduct.
Canada's Brookfield Infrastructure is determined to take over ports and rail operator Asciano despite Australian logistics firm Qube Holdings having a 19.99 per cent blocking stake in the target.
