Strategy chief to leave IAG
26 October 2015
IAG Chief Strategy Officer Leona Murphy will leave the insurer at the end of this year…
Corporate
IAG Chairman plans to follow CEO to exit
26 October 2015
Brian Schwartz will step down as IAG Chairman and director “during this current financial year”. His announcement comes just two weeks after he informed the market that CEO and MD Mike Wilkins will step down in November…
Lloyd’s extends binding authority agreements
26 October 2015
Lloyd’s managing agents can write three-year binding authority contracts with coverholders from January 1, in a move to enhance stability and continuity…
Stream reports strong quarter
26 October 2015
Claims service provider Stream Group says its turnaround is progressing as planned following a positive first three months of the financial year…
Suncorp sticks to SMART approach
26 October 2015
Suncorp will continue to pursue supply chain innovations such as the SMART motor repair system, the Morgans Queensland investor conference heard last week…
Western Pacific liquidator aims for conclusion next year
26 October 2015
The liquidator of failed New Zealand insurer Western Pacific expects to conclude its work next year, according to its latest statutory report…
Ex-Resource Underwriting head leaves Arch
19 October 2015
Senior VP Paul Muller has left Arch Insurance following the completion of its integration with Resource Underwriting…
‘Authorised broker’ group expects opposition
19 October 2015
National broker group Westcourt is making a “subtle but unique” change to its “authorised representative” designation, which it expects “will generate quite a bit of flak from within the industry”…
IAG ditches China expansion plan
19 October 2015
IAG shares jumped more than 6% last week after the insurer confirmed it is dumping plans for major investment in China…
Vero produces client survey for brokers
19 October 2015
Vero has unveiled its latest broker tool – a survey to help gauge clients’ service satisfaction, desired frequency of contact and likelihood of a referral…
CBL targets Australian growth after strong NZX-ASX debut
19 October 2015
International credit surety and financial risk insurer CBL Corporation has completed its dual listing on the New Zealand Exchange and the Australian Securities Exchange…
Private equity firm bids for iSelect
19 October 2015
A private equity firm has made a takeover bid for iSelect…
Austbrokers extends Searles’ contract
19 October 2015
Austbrokers has extended the contract of CEO and MD Mark Searles for a further three years from January 1…
Wilkins’ leadership encouraged Harmer to move to IAG
12 October 2015
IAG CEO and MD-designate Peter Harmer says the man he is replacing, Mike Wilkins, encouraged him to consider joining IAG after a career built on broking…
Crowded market ‘forced Axis Specialty to quit’
12 October 2015
Axis Specialty Australia’s withdrawal from the local insurance industry is evidence that the liability market is getting crowded, with too many insurers chasing too little business, according to local broking sources…
Loss adjusters drop takeover talks
12 October 2015
International loss adjuster McLarens and independent Australian adjuster Technical Assessing have withdrawn from takeover talks…
Talbot recruits for new crisis management practice
12 October 2015
Lloyd’s coverholder Talbot Underwriting Australia has recruited XL Catlin underwriters Steve Ward and Hamish McKay to form its new crisis management practice…
Dual NZ acts to fill SME liability gaps
12 October 2015
Dual New Zealand has unveiled Mind the Gap, a product suite that aims to simplify and tailor insurance to SMEs…
WA broker heads three-way merger
12 October 2015
Perth brokers Oracle Group and Centro Chambers and Gold Coast-based Agile Insurance Advice have agreed a three-way merger to create a national broking business…
BMS announces Brisbane presence, senior appointment
12 October 2015
Independent specialist insurance and reinsurance broker BMS has announced the opening of a Brisbane office and appointment of Sam Mayne as its Director of Wholesale and Facilities…