Warranty Group explains changes at the top
21 September 2015
The Australian market “continues to be one of the Warranty Group’s key areas of focus in the region and globally” following a restructure earlier this year…
Corporate
IAG board member steps down
21 September 2015
Leading financial services figure Yasmin Allen will retire from the IAG board at the end of this month…
Youi profit plunges on cat payouts
21 September 2015
Youi Australia’s profit fell 80% to 51 million rand in the year to June 30 due to large catastrophe claims, according to its South African parent Rand Merchant Insurance…
Lloyd’s underwriters produce cover for skilled migrants
21 September 2015
Lloyd’s underwriters have introduced a cover for skilled migrants moving to Australia and New Zealand…
MDA National, AMA Victoria seal ‘strategic alliance’
21 September 2015
MDA National is the “medical indemnity of choice” for Australian Medical Association Victoria after the two sides formed a strategic alliance…
Axis ‘reviewing its Australian business’
14 September 2015
Axis Specialty is reviewing its operations in Australia, with market sources saying the company may quit the country…
QBE vows to fight class action
14 September 2015
A class action against QBE is “about achieving justice” for shareholders left short-changed by the insurer’s failure to provide timely market updates, Maurice Blackburn Lawyers says…
IAG property cover targets new niche in shared economy
14 September 2015
IAG has again shown its faith in the future of the shared economy, launching an insurance product for people letting their properties via Airbnb and Stayz…
BHSI unveils new construction team
14 September 2015
Berkshire Hathaway Specialty Insurance has unveiled the executive team to oversee its construction cover business in Australia…
CBL moves towards listing
14 September 2015
Auckland-based specialty insurance and reinsurance group CBL Corporation has registered its product disclosure statement with regulators as it prepares for listing in New Zealand and Australia…
Coles enters landlord insurance market
14 September 2015
Coles Financial Services has introduced landlord cover backed by IAG-owned WFI Insurance…
Western Pacific liquidator reports progress on claims
14 September 2015
The liquidators of failed New Zealand insurer Western Pacific have submitted $NZ41.6 million of claims from the Canterbury earthquakes to reinsurance brokers…
Southern Response hit with policyholder class action
14 September 2015
Government-owned Southern Response faces a class action from angry homeowners over delays in handling their claims from the 2011 Canterbury earthquakes…
Vero NZ names new director
14 September 2015
Vero Insurance New Zealand has appointed financial services professional Alison Gerry as a director, following the retirement of Eion Edgar…
Vero splits its broker focus in two
07 September 2015
Vero has refined its distribution model and made two key senior appointments as it seeks to sharpen its focus on broker relationships…
Stream posts loss as rapid expansion backfires
07 September 2015
Claims services provider Stream Group has reported a net loss of $12.82 million for the year to June 30, as bad investments took their toll…
CBL acquisition ‘opens doors’ for Assetinsure
07 September 2015
Assetinsure, the largest surety bond insurer in Australia, has been acquired by New Zealand-based specialty insurance and reinsurance group CBL Corporation…
Sports Underwriting teams up with Great Lakes
07 September 2015
Sports Underwriting Australia has struck an agency agreement with Great Lakes Australia after nine years with Calliden as its underwriting security provider…
Ironshore helps lift Fosun profits
07 September 2015
Fosun International’s insurance business made a net profit of 1.79 billion yuan in the half-year to June 30, up from 114.5 million yuan in the corresponding period last year…
AIG Australia holds rating
07 September 2015
Moody’s has affirmed the A2 insurance financial strength ratings of AIG’s Asia-Pacific subsidiaries, including AIG Australia…