Scores of jobs to go in Zurich restructure
07 December 2015
Zurich Australia is to slash at least 65 jobs under a restructure that mirrors global cuts at the troubled insurer, according to informed sources…
Corporate
Pen chief Paul Lynam leaves
07 December 2015
Pen Underwriting CEO Paul Lynam has left the company three years after selling his Lloyd’s agency SRS to Arthur J Gallagher…
Ironshore branches out in NZ
07 December 2015
Specialist international insurer Ironshore has opened an Auckland office as it steps up investment in the New Zealand market…
New arrival Argenta already on acquisition trail
07 December 2015
Lloyd’s syndicate Argenta has established an Australian presence before it enters a co-tenancy “hub” arrangement with Lloyd’s, Talbot Underwriting and Ironshore in April…
Crombie Lockwood acquisition strengthens South Island presence
07 December 2015
Arthur J Gallagher’s New Zealand broker Crombie Lockwood has acquired insurance broker Reid Manson, which has two offices on the South Island, in Timaru and Ashburton…
AUB expands risk services division
07 December 2015
AUB Group, previously known as Austbrokers Holdings, has announced the acquisition of integrated rehabilitation and disability employment services provider CIM Group…
Vero adds drone cover to liability policy
07 December 2015
With more Australian companies using unmanned aircraft in their business activities, Vero has included drone coverage in its public liability policy – an industry first…
Stream’s ASX suspension continues
07 December 2015
Stream Group’s voluntary suspension of its securities from the Australian Securities Exchange has been extended…
CBL seals UK acquisition
07 December 2015
CBL Corporation has completed its £7.5 million cash acquisition of UK tax investigation insurance provider Professional Fee Protection…
AAMI girl to the rescue
07 December 2015
AAMI has launched a new advertisement promoting its full suite of covers…
Austbrokers’ name change ‘reflects diversity’
30 November 2015
Austbrokers Holdings has rebranded as AUB Group to reflect the company’s increasing diversification…
Stream calls for trading halt
30 November 2015
Stream Group requested a trading halt last Friday, telling the Australian Securities Exchange it is “to allow the company to conduct a capital-raising”…
Ace, Chubb reveal Australian leaders
30 November 2015
Ace and Chubb have unveiled their Australian leadership team as merger preparations continue…
Tower braces for more knocks from Canterbury claims
30 November 2015
New Zealand insurer Tower is prepared for claims from the Canterbury earthquakes to exceed its estimates after it reported a net loss of $NZ6.6 million for the year to September 30…
Whiplash law proves pain in the neck for Slater & Gordon
30 November 2015
Slater & Gordon has reaffirmed its financial-year guidance, but investors continue to desert the Australian law firm in droves following the announcement last week that the UK proposes removing the right to obtain general damages for minor traffic whiplash injuries…
Assetinsure backs owner-builders’ warranty cover
30 November 2015
Specialist underwriting agency Australian Owner Builders Insurance Services and Assetinsure have teamed up to offer owner-builders’ warranty insurance…
QBE appoints new legal chief
30 November 2015
QBE has appointed Carolyn Scobie as Group General Counsel and Company Secretary following the resignation of Peter Horton…
Lloyd’s welcomes Aon retail link
30 November 2015
Aon initiatives aimed at increasing retail buyers’ access to Lloyd’s syndicates have been welcomed in Australia…
CGU opens portal to claims data
30 November 2015
CGU has created an online claims portal allowing its partners to lodge claims and access client information from anywhere, at any time…
MDA National celebrates ‘milestone year’
30 November 2015
Medical indemnity insurer MDA National grew membership by 12% last financial year…