Page 12 - Australasian Paint & Panel Mar-Apr 2019
P. 12

NEWS
12
PAINT&PANEL
MARCH / APRIL 2019
WWW.PAINTANDPANEL.COM.AU
HAILSTORMS DENT IAG PROFIT
BRIEFS
IAG'S INSURANCE
profits fell 33.4% to $496m and its net profit after tax is down 9.3% to $500m compared with 2019 first half results.
“IAG’s underly- ing performance has continued to
improve over the half and was broadly in line with expectations," CEO Peter Harmer said. "Top line GWP growth was largely driven by premium increases and included a positive exchange rate effect in respect of New Zealand.
"IAG’s reported margin of 13.7% was lower than 1H18, mainly due to the net natural peril claim cost outcome of $110 million above allowance after the Decem- ber Sydney hailstorm. Lower prior period reserve releases and an adverse credit
spread movement were also factors.
"We had a sound performance in Aus- tralia, where lower NSW CTP profitabili- ty in Consumer was more than offset by the improved performance of our home
and motor short tail lines.
"IAG’s optimisation program is pro-
gressing in line with our plan, with a net reduction in gross operating costs of around $40m in the half," he said.
"We’ve invested in giving customers greater clarity and they can now track the status of motor repairs via our smash re- pair network through SMS updates. Cus- tomers have responded positively to having access to up-to-date in-
formation about the status of their repair and we’ve now in- creased the availa- bility of this service from 13 repairers to nearly 600."
ABOVE: Peter Harmer
LEN HOLLIS JOINS CAR CRAFT
LEN HOLLIS REPAIR FACILITY IN SYDNEY
recently became a member of the Car Craft Group.
Managing director Darren Meyers said: “I was honoured to be invited to join the group. “Before joining I researched the benefits for myself and from my view Car Craft rec- ognises quality businesses and appoints trusted repairers that understand the need to undertake quality work. I like their
mindset and the group's vision with train- ing and technology. There's unity in a group of focused repairers who aim for in- dustry longevity,” he said.
"Being a part of Car Craft provides me with many benefits that align with my per- sonal values, particularly given the consol- idation taking place in the industry.
"There’s a lot more to Car Craft than I initially thought and it offers many bene- fits you can't access as an in- dependent outside the group. I believe the group will be- come stronger, particularly when it gains an even larger national presence, which is just a matter of time thanks to the addition of the right
people for the organisa- tion," Myer said.
IBIS GLOBAL SUMMIT
IBIS has announced best-selling author and international conference speaker, Jeff Smith, will present at the IBIS Global Summit 2019 in June.
As the author of The KPI Book, Smith is regarded as one of the world’s best business improvement strategists. With more than one million words being published and book sales exceeding 100,000 copies, Smith is one of the most generous and prolific contributors to KPI and business development in the automotive industry.
The author will join the previously announced Dr Annette Winkler at the IBIS Global Summit. Dr Winkler will be focusing her speech on the future of urban mobility global trends and how to involve and take teams along in a world which changes with increasing speed. The Summit on 10 – 12 June at the Grand Hotel Dino, in Baveno, Italy, will gather representatives from more than 30 countries around the world and will bring together the latest trends and a world class agenda where delegates can learn from some of the industry’s most engaging thought leaders.
AKZONOBEL PARTNERS WITH AMCAP
AkzoNobel and AMCAP have announced a new partnership that will see AkzoNobel’s brands Sikkens and Lesonal distributed by the AMCAP throughout Western Australia. General Manager of AkzoNobel Vehicle Refinishes Australia, John Bermingham, said that the new partnership will support steady market share growth in Western Australia.
“We see a lot of synergies between our organisations.
“We are confident that the new partnership with AMCAP will see us reinforcing and further growing our brands in Western Australia delivering the best products, customer service and support to our clients, ranging from independently run body shops to multi-store operators.”, Bermingham said.
“Together with AkzoNobel we aim to supply, maintain and grow with our loyal customer base, as well as welcome new customers and build new relationships”, sales and client services manager Neil Thomson said.


































































































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