Sydney storms batter Allied World result
27 July 2015
Storms in NSW in April and May cost Swiss (re)insurer Allied World $US25 million ($33.87 million), the company has announced, while reporting a profit slide for the June quarter…
Corporate
Beazley unveils cover for expat workers
27 July 2015
Specialist insurer Beazley has released a product for Australian companies with employees that live and work overseas…
IAG pilots budget home cover
20 July 2015
IAG is testing a “no-frills” home building policy in Queensland before a planned national rollout…
Union criticises Suncorp motor claims shake-up
20 July 2015
Suncorp is undertaking a major restructure of its car insurance business, which has reportedly resulted in 170 full-time equivalent positions being spilled and 150 new positions being created…
Willis unveils new technology, lines
20 July 2015
Willis Australasia will launch a series of technology and product initiatives over the coming year, according to incoming CEO Tony Barber…
QBE finds buyer for US mortgage business
20 July 2015
QBE expects a $US120 million ($161.39 million) loss from the sale of its controversial US mortgage business…
Ex-TIO chief moves to Tower
20 July 2015
Former Territory Insurance Office CEO Richard Harding will become CEO of New Zealand insurer Tower next month…
AIG secures underwriting deal with marine specialist
20 July 2015
NM Insurance and AIG Australia and New Zealand have formed an underwriting relationship…
Arena announces Berkley deal
20 July 2015
Arena Underwriting has agreed a deal for Berkley Insurance Australia to provide security for many of its lines…
Fitch affirms ratings on QBE LMI, Genworth
20 July 2015
Fitch has affirmed QBE Lenders’ Mortgage Insurance’s (LMI) insurer financial strength rating at AA-. It has also affirmed its rating on the operating subsidiary of Genworth Mortgage Insurance Australia, Genworth Financial Mortgage Insurance, at A+…
QBE turnaround on track: analyst
13 July 2015
Morningstar says QBE’s recovery is on track after last year’s profit downgrade…
Austbrokers opens merged NZ operation
13 July 2015
Austbrokers has unveiled its combined New Zealand broking operations under a new brand – NZbrokers…
McLarens targets Technical Assessing takeover
13 July 2015
International loss adjuster McLarens has bid to acquire Australian independent specialty loss adjuster Technical Assessing…
CEMAC secures Allianz deal
13 July 2015
Plant and equipment specialist underwriting agency CEMAC has agreed a new long-term security deal with Allianz Australia…
Nib expands with travel insurance acquisition
13 July 2015
Health insurer Nib will gain cost and technology benefits from its expansion in travel insurance following the $95 million acquisition of product distributor World Nomads Group…
Southern Response receives $NZ500 million capital injection
13 July 2015
The New Zealand Government will put $NZ500 million ($452.35 million) extra capital into Southern Response Earthquake Services – the entity set up to pay AMI Insurance’s quake liabilities…
Western Pacific liquidator sets September deadline
13 July 2015
The liquidator of failed New Zealand insurer Western Pacific expects to finish loss assessment of Canterbury earthquake claims by September 30…
AICLA President goes it alone with new business
13 July 2015
Australasian Institute of Chartered Loss Adjusters President Michael Collins has started his own business…
Berkshire Hathaway secures NZ licence
06 July 2015
Berkshire Hathaway Specialty Insurance has received its licence to operate in New Zealand…
CGU raises stake, rings in changes at AHI
06 July 2015
CGU Insurance has increased its stake in specialist underwriting agency Accident & Health International from 50% to 100% for an undisclosed sum…