Page 12 - Australasian Paint & Panel Magazine Sep-Oct 2019

12
NEWS
PAINT&PANEL
SEPTEMBER / OCTOBER 2019
WWW.PAINTANDPANEL.COM.AU
RACQ’S GOLD
I-CAR AUSTRALIA’S
CEO, Mark Czvitko- vits has announced that RACQ Insur- ance, QLD, has been awarded the pres- tigious I-CAR Gold Class Insurer status.
“We’re proud to
be recognised for in-
vesting in ongoing
training and devel-
opment of our mo-
toring assessors at
the highest industry
level. Our members’
trust is paramount to us so this endorse- ment shows they are being looked after by the best in the business. As vehicle and repair technologies continue to evolve, RACQ is committed to equipping our team with leading-edge skills to de- liver a seamless repairer and member experience” said Brian Woodrow, man- ager of technical support at RACQ.
Czvitkovits commented “RACQ Insur- ance has shown an unwavering commit- ment to technical training and as a re- sult have achieved I-CAR Gold Class Insurer status. The I-CAR Gold Class ac- creditation is the highest level of techni- cal training within the industry and en- sures that all assessing staff have the skills, knowledge and expertise to en- sure safe and complete repairs for their
BRIEFS
FROM LEFT: Brian Woodrow, RACQ; Mark Czvitkovits, I-CAR
SUNCORP EARNINGS FALL
members. This is a great achievement by everyone at RACQ Insurance.”
Woodrow added “Our partnership with the I-CAR team has been very posi- tive, and we look forward to continued engagement in the future.”
“As Australia’s fifth insurer to achieve Gold Class it underlines the importance of training when providing a service to deliv- er complete, safe and quality repairs on modern vehicles” added Czvitkovits.
To achieve Insurer Gold Class, a minimum of 75 per cent of an insur- ance company’s assessing staff must have been awarded the Platinum Indi- vidual designation.
SUNCORP AUSTRALIAN INSURANCE
earnings fell 13.7% last financial year but the New Zealand business grew thanks to premium gains and a low level of natural hazards.
Profit after tax fell to $588 million in the year to June 30 from $681 million.
Gross written premium (GWP) in-
creased 1.3% to $8.25 billion, with in- creases in rates offsetting lower new business in consumer areas and portfo- lio exits in commercial.
“This reflects our disciplined portfolio realignment, with strong premium rate increases partially offset by the selective non-renewal of poorer risks,” CFO Jere- my Robson said.
New Zealand insurance earnings surged 76.4% to a record $NZ261 million ($249 million), including life and gener- al insurance.
AMA’S FIVE YEAR RACQ CONTRACT
AMA Group has entered into a new five year supply agreement with RACQ.
"This agreement will result in two additional Greenfield sites being constructed in Queensland which will have a material impact on revenue being generated from the company’s Queensland panel division once the sites are fully operational," said group CEO Andy Hopkins.
ALOHA FOR CHARMAINE WOODLEY
Sherwin-Williams automotive Finishes has announced the winner of its “Ultimate Hawaiian Adventure” competition, Charmaine Woodley.
The competition called for entrants to answer questions which showcased the Sherwin-Williams Automotive Finishes line of products. Each week a new question was released and provided entrants with a new opportunity to enter. The competition had a strong response, with dozens of entries each week.
After three months and hundreds of entries, Sherwin-Williams was pleased to announce Charmaine Woodley from Woodley’s Car Workz in WA as the winner.
S.M.A.R.T AND ACM SALES
According to the Financial Review’s Street Talk column the final hammer for Capital S.M.A.R.T falls on 27 September. Potential buyers are said to include: AMA Group; Jim Vais/Quadrant Private Equity; and international glass giant Belron. There is speculation that Fix Auto was in the running but has withdrawn.
The newspaper also reported that Suncorp has formally hired Deloitte Corporate Finance to oversee a strategic review for of ACM Parts, which will consider a number of options including selling the business in its entirety.