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…

Brad Cooper faces criminal charges

16 December 2003

Brad Cooper, a major figure in the HIH drama, was arrested in Sydney this afternoon on charges of corruptly offering bribes and obtaining a financial advantage…

Williams, Adler lose court appeal

08 July 2003

The NSW Court of Appeal today upheld Supreme Court findings from March last year that Rodney Adler and Ray Williams breached their duties as directors of HIH…

Wesfarmers buying Lumley operations

03 June 2003

Perth-based conglomerate Wesfarmers is in exclusive negotiations to acquire Lumley Insurance Group…

Mismanagement killed HIH, says royal commission

16 April 2003

The HIH Royal Commissioner has concluded that the primary reason for the collapse of HIH was its failure to provide properly for future claims…

Insider takes IBNA post

12 February 2003

Long-serving IBNA manager Peter Imeson has been appointed as CEO…

Adler charged over HIH share-buying

03 December 2002

Former FAI MD and HIH director Rodney Adler was charged this morning with three counts of stock market manipulation and two counts of false or misleading statements…

IBNA’s Paul Sarong resigns

28 November 2002

IBNA CEO Paul Serong resigned from the group today, less than two years after taking up the position…

Gerling sells its renewals to QBE

28 November 2002

Gerling Australia has been effectively put into run-off following the sale of its renewal book to QBE…

ACCC approves IAG/CGU deal

28 November 2002

The ACCC has approved the purchase by IAG of British insurer Aviva’s Australian general insurance business…

R&SA opts for a float

08 November 2002

Royal & SunAlliance will float its Australian and Asia-Pacific regional operations next year…

Lumley joins British exodus from local market

06 November 2002

The general insurance and financial services operations of the Lumley Group in Australia and New Zealand are for sale…

IAG acquisition of CGU confirmed

18 October 2002

UK-based global insurer Aviva plc has confirmed it has entered into an agreement to sell its Australian and New Zealand general insurance businesses to IAG…

IAG-CGU rumours resurface

16 October 2002

Rumours that have been circulating through the market for the past couple of months surfaced today with a report in the Australian Financial Review that IAG is set to purchase CGU…

Gerling Re teeters as rescuers gather

15 October 2002

Gerling Global Reinsurance is expected to stop writing new business within the next few days as a last-ditch rescue package is put together in Europe to try to save it…

Batchelor quits in AMP disclosure row

24 September 2002

AMP CEO Paul Batchelor resigned this morning as investors demanded more answers about the state of the company’s British operations…