Ace, Chubb reveal Australian leaders
30 November 2015
Ace and Chubb have unveiled their Australian leadership team as merger preparations continue…
Corporate
Tower braces for more knocks from Canterbury claims
30 November 2015
New Zealand insurer Tower is prepared for claims from the Canterbury earthquakes to exceed its estimates after it reported a net loss of $NZ6.6 million for the year to September 30…
Whiplash law proves pain in the neck for Slater & Gordon
30 November 2015
Slater & Gordon has reaffirmed its financial-year guidance, but investors continue to desert the Australian law firm in droves following the announcement last week that the UK proposes removing the right to obtain general damages for minor traffic whiplash injuries…
Assetinsure backs owner-builders’ warranty cover
30 November 2015
Specialist underwriting agency Australian Owner Builders Insurance Services and Assetinsure have teamed up to offer owner-builders’ warranty insurance…
QBE appoints new legal chief
30 November 2015
QBE has appointed Carolyn Scobie as Group General Counsel and Company Secretary following the resignation of Peter Horton…
Lloyd’s welcomes Aon retail link
30 November 2015
Aon initiatives aimed at increasing retail buyers’ access to Lloyd’s syndicates have been welcomed in Australia…
CGU opens portal to claims data
30 November 2015
CGU has created an online claims portal allowing its partners to lodge claims and access client information from anywhere, at any time…
MDA National celebrates ‘milestone year’
30 November 2015
Medical indemnity insurer MDA National grew membership by 12% last financial year…
Deloitte opens Australian cyber centre
30 November 2015
Deloitte has set up a Cyber Intelligence Centre in Sydney, offering round-the-clock support and services…
QBE reports progress, but shares take a hit
23 November 2015
QBE has positioned itself as a top-20 global “pure property and casualty player” that has returned to its core business with “no distractions or complexities”…
Insight members ‘switched for services’
23 November 2015
Members of cluster group Insight voted to join Steadfast because they stood to “substantially benefit” from the larger group’s services, Insight CEO David McKinnis says…
SUA to handle Axis renewals
23 November 2015
Axis Specialty has appointed Brisbane-based Specialist Underwriting Agencies to handle renewal terms for several lines of business, following the insurer’s decision to quit the Australian market…
Ebix joins takeover battle for Xchanging
23 November 2015
Ebix has entered the race to own UK-based insurance outsourcing company Xchanging, trumping its rivals with a takeover bid worth £450 million…
GE sells Hallmark general business
23 November 2015
Treasury has approved the sale of General Electric’s Hallmark General Insurance to a global private equity firm with Asian and US funding…
Elders restructure leads to redundancies
23 November 2015
Elders Insurance has announced a business restructure, with some functions being moved to parent QBE’s group shared services centre (GSSC) in the Philippines…
Fosun completes Ironshore acquisition
23 November 2015
Chinese conglomerate Fosun International has completed the acquisition of Ironshore…
Spiralling Canterbury claims hit Tower result
23 November 2015
New Zealand insurer Tower expects to increase claim provisions for the Canterbury earthquakes by $NZ53.2 million for the six months to September 30, resulting in a $NZ13.6 million impact on net profit…
Centrepoint gets a new chairman
23 November 2015
Alan Fisher has been appointed non-executive director and Chairman of Centrepoint Alliance, with Rick Nelson stepping down…
Zurich to wield axe in Australia, UK
16 November 2015
Zurich Australia today warned its general insurance employees that a planned restructure in its local operations could lead to “a number of redundancies”…
IAG rebrands with purple patch
16 November 2015
IAG has removed “Insurance Australia Group” from its new logo, to better reflect its growing international presence…