AIG crisis: local operations reassure intermediaries

17 September 2008

The local life and general insurance arms of crisis-ridden US insurer AIG have moved to reassure intermediaries they are in a healthy financial state even as their…

AIG crisis – rescue moves begin

16 September 2008

AIG, the world’s largest insurer, is this morning struggling to raise tens of billions of dollars to save itself from a catastrophic ratings downgrade...

Regulator sinks ICA’s flood definition

04 September 2008

The Insurance Council of Australia’s common definition of inland flood has been rejected by the competition regulator...

Four executives go as CGU reshuffles its top team

06 August 2008

CGU has revamped its senior executive team, with CEO Duncan West this morning announcing five new executives and the retrenchment of four others...

Wilkins alters course at IAG

09 July 2008

IAG has announced major changes to its corporate structure, shedding four senior executives and under-performing assets...

QBE walks away from IAG

21 May 2008

QBE has withdrawn its bid to merge with IAG following the formal rejection of its latest proposal...

IAG knocks back QBE again

21 May 2008

IAG last night formalised its rejection of QBE’s latest “inadequate and incomplete” takeover proposal...

Two more weeks, says QBE

06 May 2008

QBE this morning extended its proposal to take over IAG for a further two weeks, without change to the terms...

QBE takes its case to IAG shareholders

22 April 2008

QBE has extended its $7.43 billion scrip and cash takeover proposal for IAG until May 5...

IAG rejects $7.3 billion QBE takeover bid

15 April 2008

QBE has failed in an initial takeover bid for rival Australian insurance giant IAG...

Wilkins streamlines IAG’s Australian businesses

10 April 2008

IAG this morning announced a major restructure of its Australian businesses, cutting its operating divisions from three to two and setting up a new internet-based business...

Treasury confirms DOFI exemptions

08 April 2008

The Federal Government today finally confirmed the limited exemption arrangements for regulating direct offshore foreign insurers...

Referee dies

08 April 2008

David Letcher, the long-serving Referee of Insurance Broker Disputes Ltd, has died in Melbourne after a short illness...

GE buys Pacific

08 April 2008

GE Commercial Finance today announced an agreement with Pacific Premium Funding to acquire 100% of the company...

Promina agrees to talk to Suncorp about takeover

12 October 2006

Promina is “favourably disposed” to the $7.7 billion merger bid by Brisbane-based Suncorp…

Wesfarmers bids $700 million for OAMPS

05 September 2006

Perth-based conglomerate Wesfarmers is poised to take over major broker OAMPS after making a $700 million cash offer for the company…

Lumley joins Sunrise Exchange distribution

31 August 2006

Lumley General Insurance is pleased to announce that they will soon be launching their products via the Sunrise Exchange distribution channel…

Zurich’s Tom Brown to retire – Smith new CEO

28 June 2006

Zurich Australia CEO Tom Brown has announced his intention to retire on December 31…

Lisa Woodley leaves Sunrise Exchange

29 March 2006

Lisa Woodley, GM Insurance at Telstra eBusiness Services, will leave the company at the end of the month…

IAG: shock changes at the top

09 February 2006

IAG’s personal lines chief Rick Jackson has been moved into an unrelated position and New Zealand CEO David Smith has quit the group…