Allianz appoints new head of TIO
17 August 2015
Allianz has appointed Daryl Madden as CEO of the Territory Insurance Office, effective from August 31…
Corporate
Severe weather hits CommInsure result
17 August 2015
CommInsure says severe weather in NSW and Queensland contributed to a general insurance operating loss of $19 million for the year to June 30…
Steadfast expands debt capacity
17 August 2015
Steadfast has entered into a $285 million syndicated loan facility to expand its debt capacity…
SBI prepares for IAG deal
17 August 2015
IAG’s stake in a major Indian general insurance operation may be substantially increased before the end of the year…
Z.stream adds SME management liability
17 August 2015
Zurich has introduced a new commercial management liability product designed for SMEs with annual turnover of up to $50 million…
Tokio Marine moves into consumer travel
17 August 2015
Tokio Marine’s local arm has introduced an online consumer travel insurance brand to capitalise on Australians visiting Japan before the 2020 Olympic Games there…
Wesfarmers promotes former insurance chief
17 August 2015
Former Wesfarmers Insurance MD Rob Scott has been promoted to lead a new industrials division that combines the conglomerate’s chemicals, energy, resources and industrial safety businesses…
IAG recruits former Westpac exec to board
17 August 2015
IAG has appointed Westpac Foundation Chairman Jonathan Nicholson as an independent non-executive director, effective from September 1…
NZ auction website moves into insurance
17 August 2015
Trade Me, New Zealand’s biggest internet auction site, has teamed up with major insurer Tower on a new direct insurance offering…
Suncorp posts $1.13 billion profit
10 August 2015
Suncorp has reported net income of $1.13 billion for the year to June 30, up 55.2% on the previous year despite a huge hit from catastrophes…
Brokers to see ‘little impact’ from Berkshire deal: IAG
10 August 2015
IAG will not quit large commercial business following its partnership with Warren Buffett’s Berkshire Hathaway, a spokesman has told insuranceNEWS.com.au…
Austbrokers diversifies further with Allied Health deal
10 August 2015
Austbrokers has paid $8.6 million for a 60% stake in work health and safety rehabilitation service provider Allied Health Australia…
JLT names new country chairman
10 August 2015
JLT Australia has appointed Executive Director André Louw as its new Chairman…
BHSI lures more execs
10 August 2015
Berkshire Hathaway Specialty Insurance’s Australia and New Zealand operation continues to bring in senior executives from big-name competitors…
QBE LMI chief moves up to global role
10 August 2015
QBE Lenders’ Mortgage Insurance CEO Jenny Boddington has moved into a strategic position as Global Head of Bancassurance…
Stream announces new CEO, chairman
10 August 2015
Claims service provider Stream Group has appointed Gavin Dixon as CEO, with MD Don McKenzie stepping down and moving to a more strategic role…
Crop insurer eyes bigger role for rural brokers
10 August 2015
A crop insurance advice grant proposed in the Federal Government’s agriculture white paper will help more rural brokers enter the sector, Latevo International CEO Andrew Trotter says…
Genworth takes hit in mining states
10 August 2015
Genworth Mortgage Insurance Australia has reported higher losses from Queensland and WA as the mining boom winds down…
Australian Reliance links up with WA farmers’ group
10 August 2015
The WA Farmers Federation has signed an insurance partnership with broker Australian Reliance…
IAG introduces digital division
03 August 2015
IAG has appointed Peter Harmer as CEO of IAG Labs – a new division focusing on digital innovation…