IAG and Berkshire eye Asian expansion after surprise deal
22 June 2015
IAG expects its new “partner”, US investment conglomerate Berkshire Hathaway, will give it “significant capital flexibility” as it considers further expansion in Asia…
Corporate
Steadfast outlines growth priorities
22 June 2015
Steadfast’s priorities include increasing shareholder value, building relationships with partners and growth through acquisition, MD and CEO Robert Kelly told last week’s investor days in Melbourne and Sydney…
Trans-West leaves Steadfast for IBNA
22 June 2015
Sydney-based Trans-West Insurance Brokers is to join broker group IBNA, marking the end of a 19-year partnership with Steadfast…
Chubb names new Australia chief
22 June 2015
Matthew Doquile will become CEO of Chubb Australia on July 1…
Zurich picks bank executive as COO, General Insurance
22 June 2015
Senior ANZ banking and wealth specialist Raelene Seales has been appointed COO General Insurance at Zurich Australia …
Australian Unity acquires first insurance brokerage
22 June 2015
Australian Unity has acquired Waratah Insurance Brokers in Sydney in its first step of an ambitious plan to be a significant player in the SME space…
Former Suncorp EGM to head BT’s GI expansion
22 June 2015
Suncorp’s EGM distribution of personal insurance Gerard McDermott has left Suncorp to join BT Financial Group as head of its expanding general insurance division…
Lloyd’s goes live with ACORD standard
22 June 2015
Lloyd’s is using the Association for Co-operative Operations Research and Development’s Messaging Library standard to receive property data from Australia…
RACQ in dispute with axed agents
22 June 2015
RACQ is facing court action from a number of business agents over the way they were removed from its network…
Fund managers reject Greenstone float price
15 June 2015
Hollard Insurance will retain ownership of pet, life, health and funeral insurance distributor Greenstone after last week shelving an initial public offering for the company…
Gen Re Australia MD to make London switch
15 June 2015
Pietro Toffanello, MD of Gen Re Australia, and Property/Casualty Regional Manager Asia-Pacific, will leave Australia for London in August when he joins the Gen Re Lloyd’s syndicate Faraday…
Hall & Wilcox completes fresh recruitment raid on rival
15 June 2015
Hot on the heels of poaching six insurance law partners from Sparke Helmore in April, Hall & Wilcox has lured an additional 35 lawyers, paralegals and support staff from the rival firm…
COO to leave Zurich
15 June 2015
Zurich Australia COO General Insurance Shaun Feely is leaving the company on July 3…
CGU acquires emergency management company
15 June 2015
CGU has purchased emergency management group Dynamiq as the insurer strives to offer a broader range of services…
Dual launches marine in Australia
15 June 2015
Underwriting agency Dual has expanded into marine lines in Australia, with a suite of commercial hull, cargo and marine liability products…
Rural specialist Achmea ‘here to stay’
15 June 2015
Dutch insurer Achmea expects a long future in Australia as it looks to cater for the “under-serviced” rural market…
HW Wood appoints new Australian MD
15 June 2015
US-based international insurance broker Hugh Wood Inc has appointed Fleur Taylor as MD of HW Wood Australia…
NZ broker’s app puts clients in control
15 June 2015
New Zealand’s Rothbury Insurance Brokers has developed an app that lets clients check their policy details and examine open and recently closed claims…
Greenstone float ‘a little on the expensive side’
09 June 2015
With the S&P/ASX 200 index hitting a four-month low last week, Greenstone’s near $1 billion float will test some nerves…
Former Marsh chief to chair Dual Asia-Pacific
09 June 2015
Dual International has appointed industry veteran Terry Paradine as Non-Executive Chairman of its Asia-Pacific division…