Ebix joins takeover battle for Xchanging
23 November 2015
Ebix has entered the race to own UK-based insurance outsourcing company Xchanging, trumping its rivals with a takeover bid worth £450 million…
Corporate
GE sells Hallmark general business
23 November 2015
Treasury has approved the sale of General Electric’s Hallmark General Insurance to a global private equity firm with Asian and US funding…
Elders restructure leads to redundancies
23 November 2015
Elders Insurance has announced a business restructure, with some functions being moved to parent QBE’s group shared services centre (GSSC) in the Philippines…
Fosun completes Ironshore acquisition
23 November 2015
Chinese conglomerate Fosun International has completed the acquisition of Ironshore…
Spiralling Canterbury claims hit Tower result
23 November 2015
New Zealand insurer Tower expects to increase claim provisions for the Canterbury earthquakes by $NZ53.2 million for the six months to September 30, resulting in a $NZ13.6 million impact on net profit…
Centrepoint gets a new chairman
23 November 2015
Alan Fisher has been appointed non-executive director and Chairman of Centrepoint Alliance, with Rick Nelson stepping down…
Zurich to wield axe in Australia, UK
16 November 2015
Zurich Australia today warned its general insurance employees that a planned restructure in its local operations could lead to “a number of redundancies”…
IAG rebrands with purple patch
16 November 2015
IAG has removed “Insurance Australia Group” from its new logo, to better reflect its growing international presence…
Early storms give Stream a lift
16 November 2015
An early start to the Australian storm season has given claims service provider Stream a lift…
HDI-Gerling unites Australia, Singapore units
16 November 2015
HDI-Gerling Industrial Insurance is to bring its Singapore branch under the purview of Australian branch MD Stefan Feldmann, in an “organisational reform” to make the German insurer more competitive in the region…
Zurich extends political risk business with Melbourne office
16 November 2015
Zurich has opened an office in Melbourne dedicated to its credit and political risk operations, amid growing demand for such services in the Asia-Pacific region…
CBL targets UK tax probe specialist
16 November 2015
New Zealand specialty insurance and reinsurance group CBL Corporation plans to acquire UK tax investigation insurance provider Professional Fee Protection…
Cover-More travelling well
16 November 2015
Travel insurer Cover-More has delivered a 10.3% increase in net profit to $31.1 million despite subdued local trading conditions…
Captive reinsurance covers losses at IAG NZ
09 November 2015
IAG says internal reinsurance is the reason for a difference in reporting for its New Zealand operation…
Calibre debuts in commercial market
09 November 2015
Calibre Commercial Insurance was officially launched last week following Munich Re’s purchase of Calliden’s general insurance operations…
Insurance Advisernet recruits product development chief, outlines expansion
09 November 2015
Former Steadfast IRS COO Harry Georgoulas has joined Insurance Advisernet as GM Product Development…
JLTA names deputy CEO, Barrowman gets Hong Kong post
09 November 2015
JLT Australia has appointed Nick Harris as Deputy CEO with immediate effect…
No decision on local job losses, AIG says
09 November 2015
AIG Australia is being coy on whether its US parent’s plan for further organisational change and job cuts will affect local operations…
Bart takes on Asia-Pacific role, boosts Broadspire
09 November 2015
Global loss adjuster Crawford & Company has appointed long-time CEO for Australia Andrew Bart to the new role of Asia-Pacific CEO…
Port sues Aon over insurance arrangements
09 November 2015
Aon New Zealand will defend a lawsuit brought against it by Lyttelton Port Co over the insurance arrangements it had in place when the port was hit by a major earthquake…