Dexta quits builders market
10 April 2002
Underwriting agency Dexta has withdrawn completely from the NSW and Victorian builders’ warranty market, leaving the market to Royal & SunAlliance and forcing the two states…
Breaking News
QBE’s issue is an immediate success
09 April 2002
QBE has announced the immediate success of its $US250 ($473 million) of debt-based securities issue…
Sudden death of industry leader
08 March 2002
One of the industry’s best-known figures, Peter Corrigan, died suddenly last night…
CGU rebrands as Aviva
28 February 2002
CGU and sister company Norwich are to be rebranded as Aviva…
QBE announces $500 million capital-raising
16 October 2001
QBE is attempting to raise at least $500 million through a share placement to meet new challenges stemming from its losses following the September 11 US terrorist attacks…
$1 million payout to NIBA members
09 October 2001
NIBA will pay its members’ Financial Services Reform Act competency assessments – a $1 million commitment that is believed to be unprecedented…
Balfe restructures CGU after Fortis merger
14 August 2001
CGU Insurance is to undergo a major organisational restructure…
Ace shuffles the pack
17 July 2001
Ace Regional Vice President John Bassetto has reshuffled his management team, appointing Victoria Branch Manager Peter Wendt Chief Operating Officer…
Jane Diplock appointed Chairman of New Zealand Securities Commission
26 June 2001
Jane Diplock, ASIC’s National Director Infrastructure and Strategic Planning, has been appointed Chairman of the New Zealand Securities Commission…
WA Judge appointed to HIH Royal Commission
19 June 2001
Justice Neville Owen, a WA Supreme Court judge, will oversee the Royal Commission inquiring into the collapse of HIH…
Aust Unity takes Mansions
19 June 2001
Quality home insurer Mansions of Australia has been bought by Australian Unity…
HIH moves closer to liquidation
19 June 2001
HIH provisional liquidator Tony McGrath wants to put the company’s Australian operations into liquidation, but foreign considerations are delaying the liquidation process…
premium rises beat industry expectations
29 May 2001
Premium rises in the commercial classes so far this year are well above industry projections, according to a “year to date” report released yesterday by JP Morgan/Deloitte Touche…
HIH Royal Commission
22 May 2001
The terms under which the Federal Government’s Royal Commission into the HIH collapse will work haven’t been revealed yet…
The terms of aid
22 May 2001
The $500 million-plus package funded by the Government from the Federal Budget will help some 28,000 claimants and take several years to complete…
NSW bowls a bouncer
22 May 2001
The attempt by NSW Treasurer Michael Egan to force insurers to pay its HIH-related liabilities is one of the more bloody-minded reactions to the HIH crisis…
Yet another workers’ comp inquiry
22 May 2001
The NSW Government is negotiating to get as much of its workers’ comp reform package into action as it can – even if it means pushing out some of the more contentious items…
Brokers make a move over HIH premiums
08 May 2001
Some major brokers may defy the HIH provisional liquidator and hand premiums held in their accounts back to their clients after receiving legal advice last week…
Insurers plan 1% HIH levy
08 May 2001
The Insurance Council wants to impose a 1% levy on all insurance policies to pay the claims of HIH policyholders…
Watch this space…
08 May 2001
Expect an imminent announcement on the sale of a major financial services player…