Canterbury quake provisions rock Tower
01 June 2015
New Zealand insurer Tower says its general insurance underlying net profit grew 36.4% to $NZ17.9 million ($16.8 million) in the six months to March 31…
Corporate
Competition watchdog investigates Steadfast strata complaint
25 May 2015
New underwriting specialist Strata Community Insurance has complained to the Australian Competition and Consumer Commission over Steadfast’s refusal to cross-endorse its authorised representatives…
IAG obtains Indonesian licence
25 May 2015
IAG has achieved its ambition of entering a sixth Asian market, gaining an Indonesian insurance licence through the purchase of a small insurer there…
Greenstone releases $984 million float prospectus
25 May 2015
Greenstone has lodged a prospectus with the Australian Securities and Investments Commission for an initial public offering and June 16 listing on the Australian Securities Exchange…
Stream ‘sorry’ for financial performance
25 May 2015
Stream Group has apologised for its “unacceptable” performance this financial year…
NZ broker groups join forces
25 May 2015
Austbrokers-owned BrokerWeb Management is to merge with Brokernet NZ to create the third-largest broking group in New Zealand…
Non-profit agency switches to Berkley
25 May 2015
Community Underwriting, which insures nearly 900 non-profit organisations, has dropped Calliden as its principal insurer, with Berkley Insurance Australia now providing security…
Steadfast’s Sydney hub on hunt for new MD
25 May 2015
The Steadfast IRS Sydney hub is seeking a new MD after Jonathan Upton announced his intention to retire…
NZ travel cover comparator goes live
25 May 2015
A new travel insurance comparison website has been launched in New Zealand…
iSelect names new Chairman
25 May 2015
Company director and former Citigroup corporate and investment banking MD Chris Knoblanche has been appointed Chairman of iSelect, effective from July 1…
QBE recruits more staff in Philippines
18 May 2015
QBE now has 2100 staff at its global shared services centre in the Philippines, and is recruiting dozens more…
NTI enhances mobile plant and equipment cover
18 May 2015
National Transport Insurance aims to dominate the mobile plant and equipment market following the rollout of new specialist cover…
Investment banks herald Greenstone float
18 May 2015
Four months after Goldman Sachs and Macquarie Capital were appointed to lead the potential initial public offering of Greenstone Financial Services, fund managers have received a flurry of pre-float research reports singing the low-profile insurance distribution company’s praises…
Gallagher Bassett expands in NZ
18 May 2015
Claims manager Gallagher Bassett has expanded in New Zealand by acquiring the business book of third-party administrator Cosignia and hiring its CEO as its New Zealand MD…
Genworth ratings hold firm after parent sells down
18 May 2015
US group Genworth Financial has reduced its shareholding in Genworth Mortgage Insurance Australia from 66% to 52%…
Suncorp faces $1 billion in natural hazard claims
11 May 2015
An exceptional series of weather events means Suncorp is heading towards $1 billion in natural disaster claims this financial year, Group CFO Steve Johnston says…
New parent paves way for Ironshore acquisitions
11 May 2015
Ironshore’s new owner, Chinese conglomerate Fosun International, has deep pockets and is keen on expanding its substantial global insurance holdings, which is music to the ears of Ironshore Australia MD Katherine Simmonds…
Ace keeps quiet as Combined storm rages
11 May 2015
International insurer Ace has refused to comment as the storm over allegations of mis-selling at its wholly owned subsidiary Combined Insurance continues…
QBE puts LMI float on hold
11 May 2015
QBE has put the planned float of its lenders’ mortgage insurance business on hold…
JLT builds on Recovre deal with NZ purchase
11 May 2015
JLT Australia has acquired New Zealand vocational rehabilitation services specialist Alpha Consultants, as it continues to grow by buying complementary businesses…