History

Calliden commenced as a specialist manufacturer of niche general insurance products in 2005. Since 2005, our business has grown both organically and through a number of acquisitions.

This growth has seen the business develop into a legitimate challenger in the insurance industry and a genuine alternative to the established insurers.

2010 financial year saw the highest profit Calliden has ever produced at $10.1 million. Gross written premium (GWP) was relatively flat at $212 million, due in part to the loss of NSW Warranty premium.

The Group was also able to reduce its bank debt from $25m to $5m during 2010 and also bought back $1m worth of shares.

In December 2011 Calliden Group entered into a three year strategic alliance with Great Lakes Australia (GLA). Under the agreement Calliden will underwrite future commercial package business through its Retail Underwriting Centre as agent on behalf of GLA.

Underlying performance for 2010

  • Overall improvement in underwriting performance
  • 3% premium reduction between 2009 and 2010.
  • 16% growth in Net earned premium in 2010
  • Reduced bank debt from $25m to $5m
  • Two major systems conversions completed
  • Centralisation of back office
  • Growth in online distribution.

All of which puts the Group in a good position for 2011.

Our focus for 2011 will continue to be on:

  • Maintaining profit despite a difficult start to the year (large catastrophes in Q1)
  • Growth in GWP
  • Continue to improve our underwriting performance
  • Focus on costs
  • Focus on providing consistent customer service.

Calliden’s journey so far

2011

12 December 2011
Calliden enters into a three year strategic alliance with Great Lakes Australia.
6 December 2011
Calliden sell its 50% share in CSA.
15 Apr 2011
Annual Report and Notice of AGM released
14 Mar 2011
Calliden to invest further in Warranty and Construction system
24 feb 2011
Full year results 2010 released. Calliden announces largest profit to date
21 Feb 2011
Domestic Insurance Agreement with Ansvar

2010

14 Dec 2010
Calliden to continue to support Victorian Domestic Builders Insurance Market
25 Oct 2010
Settlement with Australian Unity Limited
01 Sep 2010
Strong half year profit provides Calliden with momentum in 2010
26 Aug 2010
Half Year results announced
30 June 2010
Calliden enters into an agreement to sell its 50% shareholding in Sports Underwriting Australia Pty Ltd
25 June 2010
Calliden appointed as NSW Government Home Warranty Insurance Agent
20 May 2010
Annual General Meeting held
19 Apr 2010
Annual Report and Notice of AGM released
25 Feb 2010
Full year results 2009 released

2009

31 Aug 2009
Half Year Results Announcement
03 Jul 2009
Calliden enters an agreement to acquire remaining 50% of IUA Pty Ltd
21 May 2009
Annual General Meeting
17 Apr 2009
2008 Annual Report released
25 Mar 2009
Calliden Group Limited paid its first dividend
20 Mar 2009
Calliden Group Limited now included in All Ordinaries Index

2008

01 Dec 2008
Calliden Group Limited transfers insurance business to Calliden Insurance Limited
21 Aug 2008
Half Yearly Results 2008 released
05 Jun 2008
The Calliden Group Limited exercises call option to purchase addition 50% shareholding in ARGIS Limited
05 Jun 2008
Launch of Queensland Underwriting Solutions Pty Ltd (QUS)
22 May 2008
Annual General Meeting
11 Apr 2008
2007 Annual Report released
21 Jan 2008
Launch of Arena Underwriting Pty Ltd

2007

26 Nov 2007
Calliden Group Limited obtains APRA approval to become a non-operating holding company
16 Nov 2007
Calliden obtains Federal Court Approval
22 Oct 2007
Calliden Group Limited acquires 50% equity stake in IUA Pty Ltd
01 Aug 2007
Calliden Group Limited completes purchase of Australian Unity's general insurance business
02 Jul 2007
Dawes Underwriting Australia Pty Ltd acquires the Young & Cool portfolio
24 May 2007
Annual General Meeting
15 May 2007
Claims Services Australia Pty Ltd acquires Insurance Claims Solutions Pty Ltd's business
01 Apr 2007
Blue Dog Insurance Pty Ltd launched
01 Apr 2007
Club Insure Underwriting Australia Limited launched
22 Feb 2007
Calliden builds momentum in General Insurance - Full Year 2006 Results
01 Dec 2006
Calliden Group Limited takes 50% shareholding in Claims Services Australia Pty Ltd

2006

27 Oct 2006
Calliden Group Limited acquires the Famous Classic Car Insurance portfolio
04 Oct 2006
Calliden Group Limited takes 50% shareholding in Sports Underwriting Australia Pty Ltd
24 Aug 2006
Calliden Group Limited acquires Dawes Underwriting Group
01 Jun 2006
Appointment of Company Secretaries
26 Apr 2006
2005 Annual Report released
24 Mar 2006
AGM date and Election of Direction
09 Mar 2006
Buy-back announcement Mar 2006
03 Mar 2006
Calliden full year results in line with forecast

2005

29 Nov 2005
Calliden joins ICA
04 Oct 2005
Further Capital injection A$10m into general insurance business
25 Aug 2005
Half Year 2005 Results released
30 May 2005
Annual General Meeting
05 Apr 2005
ASIC approves our AFS licence
18 Mar 2005
APRA general insurance licence approved
24 Feb 2005
Shareholders approve the name change to Calliden
24 Feb 2005
Full Year 2004 Results released
14 Feb 2005
Calliden moves to new premises
25 Jan 2005
The Board and APRA approves $40m Capital injection into general insurance business
25 Jan 2005
APRA removes Directions & Inspector

2004

25 Aug 2004
Half Year 2004 Results released
29 Mar 2004
Nick Kirk is appointed CEO