Xchanging takes majority stake in BrokersIT
30 March 2015
Insurance Brokers Network Australia has sold its broker management system to a company owned 90% by insurance technology and business process outsourcing group Xchanging and 10% by IBNA…
Corporate
IAG will raise stake in Indian JV
30 March 2015
IAG will increase its stake in Indian joint venture SBI General Insurance from 26% to 49%, according to a regulatory filing last week by its partner State Bank of India…
Underwriting agency sets up with a roar
30 March 2015
Underwriter Kurt Nilsen has started his own business, Lion Underwriting, based in Sydney…
Youi to build $100 million global HQ on Sunshine Coast
30 March 2015
Seven years after establishing its Australian business on the Sunshine Coast, Youi has announced plans to open its “global headquarters” in Queensland…
HDI-Gerling reports profit, name change
30 March 2015
HDI-Gerling Australia has enjoyed a strong year, with premium growth in the double digits, according to MD Stefan Feldmann…
Lower costs drive Ansvar profits
30 March 2015
Ansvar Australia recorded a significant increase in profit last year thanks to lower operating expenses and strong investments, according to CEO Warren Hutcheon…
BJS opens Perth office
30 March 2015
Melbourne-based BJS Insurance Brokers has expanded to WA with the opening of a new office…
Freeman McMurrick gets new Aon underwriting role
30 March 2015
Aon’s managing general agency Aon Underwriting Managers has appointed Aon’s wholesale underwriting management company Freeman McMurrick as distributor of AUM products in Australia and New Zealand…
FMG consolidates insurance businesses
30 March 2015
New Zealand mutual insurer FMG has consolidated its insurance operations to reduce compliance and legal costs…
Hollard, Steadfast back emerging risks agency
23 March 2015
Steadfast and Hollard have joined forces to back a new specialist underwriting agency focusing on emerging risks…
Allianz Australia GWP tops $4 billion
23 March 2015
Allianz Australia recorded gross written premium of $4.06 billion last year, up 3.7% on 2013…
Aon’s long-distance region Chairman is ‘fully integrated’
23 March 2015
Aon Risk Solutions’ new Pacific Region chairman is London-based John Cullen, who has retained his other roles as CFO…
Zurich names commercial distribution chief
23 March 2015
Zurich General Insurance has appointed Anthony Cooper as Head of Commercial Distribution…
Steadfast installs former Zurich exec at CHU
23 March 2015
Steadfast has appointed former Zurich executive Bobby Lehane as CEO of Corporate Home Underwriting Agencies, based in Sydney…
Sportscover adds muscle to UK weight-lifting
23 March 2015
Leading sports and leisure insurer Sportscover has snatched the opportunity to partner with British Weight Lifting…
McLardy McShane buys Victorian broker
23 March 2015
Melbourne-based broker McLardy McShane has expanded in central Victoria with the acquisition of King Insurance Brokers…
S&P affirms IAG rating
23 March 2015
Standard and Poor’s has affirmed its issuer credit rating of A on IAG, with the outlook considered stable…
Steadfast sets price for dividend reinvestment
23 March 2015
Steadfast has set a price of $1.52 per share under its stock allocation dividend reinvestment plan…
MDA National names new president
23 March 2015
MDA National board member Rod Moore has been appointed President of the medical indemnity insurer, while Beres Wenck continues as VP and Max Baumwol remains Chairman of Finance…
QBE transformation ‘almost complete’
16 March 2015
QBE has done most of the “heavy lifting” to fix its business and strengthen reserves, according to Chairman Marty Becker…