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Ansvar Insurance Records Significant Profits

MEDIA RELEASE

Ansvar Insurance, Australia’s leading insurance provider for the Community, Care, Education, Faith and Heritage sectors, has posted its best results since 2008 with a profit before tax of $11.6 million.  In addition A.M. Best Asia-Pacific Limited has affirmed its financial strength and issuer rating of A- (excellent).  The outlook for both ratings is stable.

CEO Warren Hutcheon said “We are pleased with our recent financial results and A.M. Best ratings. It demonstrates the efficiency of our new operating model and that our key strategic projects are working.”

The key drivers of the improved outcomes included Ansvar’s new property reinsurance arrangements, the strength of its balance sheet, improved underwriting results, reductions in operating expenses and strong investment returns.  The investment performance was a key driver of the profit after tax of $7.3 million and the pre-tax return on capital of 15.5%.

Ansvar also delivered an underlying underwriting profit after excluding discount rate movements relating to reductions in market interest rates.  These discount rate movements were more than offset by corresponding market gains in the investment portfolio.

“More pertinently, Ansvar’s renewal rate in this period exceeded 90% which was an impressive result in a very competitive market and demonstrates Ansvar’s strong relationships with its broker partners and customers. It is very rewarding to see our company sustain its position as one of the most trusted insurers in the core sectors of Community, Care, Education, Faith and Heritage,” said Warren.

 

About Ansvar Insurance

Ansvar is a leading specialist commercial and consultative insurer offering tailored insurance products and services to the Care, Community Service (including Not-for-Profit), Education, Faith and Heritage sectors.  With more than 50 years of experience in the Australian insurance industry Ansvar has developed a deep understanding of its clients’ needs, and the risks and challenges they face, as well as the environments in which they operate.

Ansvar is a subsidiary of Ecclesiastical Insurance Office plc (Ecclesiastical) which was established in the UK in 1887. Ecclesiastical is owned by a charity and all available profits are distributed for the benefit of the church and the community.

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Ansvar retains International Network of Churches contract for 2015

MEDIA RELEASE

Melbourne, 11 February, 2015 – Ansvar Insurance, Australia’s leading insurance provider for the care, community, education, faith and heritage sectors, today announced that the International Network of Churches (INC) has renewed its national insurance contract. Previously known as the Christian Outreach Church, this contract represents one of Ansvar’s leading faith accounts.

This marks the sixth consecutive year that INC has chosen Ansvar for the majority of their insurance needs. The INC facilitates numerous key programs such as Global Care, a social justice and disaster relief program, and ‘Red Frogs’, the iconic chaplaincy and support network all of which are covered by Ansvar’s specialist insurance solutions.

“The longevity of the partnership between Ansvar and INC is important to us. Ansvar adds genuine value to our organisation with their accumulated years of knowledge of the faith sector and clearly understand the granularity and nuances of our needs. Our partnership with Ansvar goes beyond the dollar value of the contract; their value proposition is unmatched in this sector,” said Michael Farbridge, Liaison Officer, INC.

Michael Farbridge noted the direct relationship with Ansvar has been very positive.  “We needed someone that understood not only us, but also our key partners. In particular, the Red Frogs program is an integral element to the contract. Red Frogs provides direct relief from alcohol and drug related issues, as well as helping young adults and teenagers enjoy their school break in safe and positive environments. Ansvar has shown a great sense of community understanding when it comes to risk mitigation and this has been of great value to our organisation,” he said.

Warren Hutcheon, CEO Ansvar, said “Our position as a leader in the faith sector is one we will continue to defend and grow from strength to strength. As one of the five sectors that sets Ansvar apart from the rest of the market, the renewal with INC is a testament to the team both at INC and Ansvar. I am proud our enduring relationship has proven itself over time.”

“With the number of programs INC is involved in, both at a domestic and international level, the organisation is able to take advantage of the wide range of services Ansvar offers in the faith sector,” said Warren.

 

About Ansvar Insurance

Ansvar is a leading specialist commercial and consultative insurer offering tailored insurance products and services to the; Care, Community Service (including Not-for-Profit), Education, Faith and Heritage sectors.  With more than 50 years of experience in the Australian insurance industry we’ve developed a deep understanding of our clients’ needs, and the risks and challenges they face, as well as the environments in which they operate.

 

Ansvar is a subsidiary of Ecclesiastical Insurance Office plc (Ecclesiastical) which was established in the UK in 1887. Ecclesiastical is owned by a charity and all available profits are distributed for the benefit of the church and the community.

For more information, please visit www.ansvar.com.au.

For Media Inquiries:

Myrna Van Pelt                                    Kahlia Wilson
Zeno Australia                                     Marketing and Digital Communications Manager Myrna.vanpelt@zenogroup.com             Ansvar Insurance

(02) 9291 3368                                    kwilson@ansvar.com.au

0412 48914                                         (03) 8630 3003

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Ecclesiastical announces £23.5M full year donation to charity in 2014

MEDIA RELEASE

Specialist financial services group Ecclesiastical has this week announced that it donated a staggering £23.5m to charity during 2014.  This follows a further recent grant of £7m and reflects the company’s strong business performance in 2014.  The donation is another significant step towards the company’s ambitious goal of giving £50m to charity over three years, launched in January 2014.

Commenting on the donation, Ecclesiastical’s Group Chief Executive Mark Hews said:

“I’m delighted that our strong performance in 2014 has enabled us to make yet another sizeable grant for onward distribution to great charitable causes across the UK.  Our total giving over the past twelve months is over £23m so we are now well on our way to achieving the ambitious £50m charitable giving goal we set ourselves early last year.

“This is a fantastic achievement and one that all our employees, customers and business partners should feel proud of.  It comes as a result of exceptional commitment from all our staff throughout the year and the continued support from all our customers, brokers and business partners in the UK and overseas. On behalf of the company and all our charitable beneficiaries, I would like to take this opportunity to say thank you to all our supporters for helping us give back so much.

“As we build momentum into 2015, I would also like to invite others to join us on our journey to help develop and grow our unique company and support us in achieving this worthwhile £50m goal.”

The company has also announced this week that it is planning to launch an innovative and ambitious Corporate Responsibility (CR) programme in 2015. The new programme, titled Greater Giving Programme will see the company’s CR activities brought under one umbrella and increased across all Group companies and international territories from 2015. Further detail on the programme will follow in spring.

– ENDS –

 

Media enquiries

Katri Link, PR Manager, Ecclesiastical Insurance

Tel: 01452 873162

Email: katri.link@ecclesiastical.com

Visit www.ecclesiastical.com

Beaufort House, Brunswick Road, Gloucester, GL1 1JZ.

 

Adrian Beeby, Ellipsis Communication

Tel: 07879 403564

Email: adrian.beeby@ellipsisonline.com

 

 

About Ecclesiastical

Owned by a registered charity, Allchurches Trust, Ecclesiastical is a unique financial services organisation. With its main operations and headquarters in the UK, Ecclesiastical also operates in Australia, Canada and Ireland.

Ecclesiastical is a specialist insurer of charities, the education and faith sectors, heritage buildings and fine art.

Founded in 1887 to provide insurance for the Anglican Church, the company now offers a wide range of commercial insurances, as well as home insurance, selling through brokers and directly.

Ecclesiastical also offers a range of ethically screened investment funds through its award-winning investment management business, Ecclesiastical Investment Management.

Ecclesiastical is one of UK’s Top Company Donors to Charity according to the 2013/2014 UK Guide to Company Giving.

Ecclesiastical’s Group vision, launched in January 2014, states that the Group intends to give £50m to charity between 2014-2016. In 2014 alone the company donated a total of £23.5m towards the £50m goal.

 

More information about the company can be found at www.ecclesiastical.com

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Ansvar Unveils New Website to Provide Information Boost for Brokers

MEDIA RELEASE

Ansvar Insurance, Australia’s leading insurance provider for the care, community (including not-for-profit), education, faith and heritage sectors, has opened its virtual doors to a revitalised version of www.ansvar.com.au, designed to fulfil the growing information needs of its intermediary partners.

The newly launched website is a flagship investment of the company’s marketing program and a culmination of the Ansvar brand refresh and restructure of the business that has occurred over the last 18 months.

“We have undertaken a complete overhaul and redesign of the website, through workshops with both internal and external stakeholders. Our vision for the website is to reaffirm Ansvar’s position in the market as the leading insurer within our core segments,” said Deirdre Blythe, Acting CEO, Ansvar.

“We have experienced strong growth this year, particularly in the second half, so we’re seeing the dividends of our time and effort we invested in overhauling the business.  The strength of our brand externally is a critical component of that and our new website signifies a very tangible and visual aspect of the new Ansvar,” Deirdre said.

Key features of the new Ansvar website include:

  • Ansvar’s expertise lies within its people who we are bringing to the forefront through our Ansvar Specialists.
  • The site, while it contains all the information typical of an underwriter’s website, is not based on products alone. Instead, it provides brokers with information relating to challenges and risk exposures specific to Ansvar’s core sectors, offering a holistic approach to solving client’s insurance needs.
  • The foresights section provides a wide range of topics and challenges facing our client’s industries, creating a platform for Ansvar to share knowledge and highlight successes, providing helpful guidance to brokers.
  • Content will be dynamic and regularly updated, with an emphasis on knowledge sharing.

“Our hope is that the website will continue to deepen the association our intermediary partners have with Ansvar.  Our vision is that Ansvar will be the first choice for brokers for any and all of our core segments,” said Deirdre.

“Ansvar’s long held experience within our core segments, yields rich content and allows the brand to position itself as one of the most experienced providers in these sectors.  We believe the new website, which is part of a broader sales and marketing strategy, will help to further strengthen our market position in 2014.”

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Ansvar Shows its True Colours at Steadfast

MEDIA RELEASE

Ansvar Insurance, Australia’s leading insurance provider for the Community, Care, Education, Faith and Heritage segments today announced this week’s SteadFast 2013 conference as the most successful to date.

Given Ansvar’s recent overhaul of the business, and the almost completed change management program, SteadFast provided a timely opportunity for Ansvar to reach out and reaffirm its commitment to broker partners.

As part of the brand repositioning, and to shift traditional perceptions of the brand, Ansvar made a deliberate decision to use SteadFast to provide brokers with a refreshed look at the business.

“We made the point of producing an exhibition stand that was both surprising and uncharacteristic,” said Andrew Moon, CEO, Ansvar.

“The feedback from brokers was that the Ansvar stand was engaging and vibrant.   Our objective was to demonstrate to our broker partners that we are embracing  change in a visible manner.  From the way we dressed, to the way we engaged with brokers on the stand, our aim was to lift the profile of Ansvar and garner the broker’s attention,” said Andrew.

As one of the major sponsors of SteadFast 2013, Ansvar enjoyed a strong presence and attracted a volume of attendee traffic.

“We certainly achieved our objective of repositioning the brand in front of the broker audience. The representation of a new, bolder Ansvar is a sign of what’s to come and a shift away from the more conservative reputation we’d built in previous years.

“With the success of this year’s Steadfast, we’re looking forward to renewing our presence at SteadFast again next year,” Andrew said.