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...
Breaking News
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…
Competition leads to softer market
21 July 2005
Despite pledges from the industry that it would never again cut rates to the inequitable levels prior to the collapse of HIH, premiums are dropping and the old dreaded insurance cycle…
Brokers cleared of US-style behaviour
01 July 2005
The results of the Australian Securities and Investments Commission’s inquiry into broker remuneration has found exactly what the industry has been saying for months…
Ray Williams jailed
15 April 2005
Former HIH CEO Ray Williams has been jailed for four-and-a-half years, with a non-parole period of two years and nine months, for his part in the insurer’s collapse…
Adler jailed for four-and-a-half years
14 April 2005
Former HIH director Rodney Adler was today jailed for over four years for charges related to HIH’s $5.3 billion collapse…
New CEO for IBNA Group
24 February 2005
IBNA Limited has appointed Paul Sedgwick as CEO…
Adler pleads guilty
16 February 2005
Former FAI MD and HIH director Rodney Adler has pleaded guilty to all charges presented in the NSW Supreme Court in Sydney yesterday…
Hawker sets up new IAG structure
20 July 2004
IAG has reorganised its insurance operations into personal and commercial lines, simplifying the management lines to CEO Michael Hawker…
US tech giant buys Heart
29 June 2004
Broker software provider Heart Consulting has been bought by US-owned insurance e-business specialist Ebix. The acquisition values Heart at $10.1 million…