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Local

ICA criticises flood mitigation funding

14 May 2012

The Federal Budget has left flood-prone communities exposed by not providing enough for mitigation infrastructure in last week’s Budget, the Insurance Council of Australia says…

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Brought to you by: EBIX Australia

Corporate

Townsend quits Chartis for Metlife

14 May 2012

Chartis Asia-Pacific CEO Chris Townsend is joining US financial services giant Metlife as head of its Asia region…

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Lumley

Regulatory & Government

Canberra takes $175 million from Australian Reinsurance Pool

14 May 2012

The Federal Government will take $175 million from the Australian Reinsurance Pool Corporation in 2012/13 in a $100 million special dividend and a $75 million annual dividend…

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CGU

Financial Services

Advisers call for flat life commissions

14 May 2012

Advisers are calling for flat life insurance commissions to enable them to deal with administering these payments in a fee-for-service model…

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Zurich

The Professional

UAC to launch expos in Tasmania

14 May 2012

The Underwriting Agencies Council plans to hold a business expo in Tasmania this year, as part of an expansion beyond the mainland capitals…

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QBE

International

Zurich profit jumps from fewer disasters, higher premiums

14 May 2012

Global insurer Zurich increased profit by 78% to $US1.14 billion ($1.13 billion) in the first quarter, which CEO Martin Senn attributes to fewer catastrophes and disciplined underwriting…

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Brought to you by: The Insurance Broking Specialists - Macquarie Bank

Analysis

Governments still treat insurance as a cash cow

14 May 2012

Governments have become increasingly hooked on tax revenue from gambling, but they don’t do too badly out of insurance, either…

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