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