Austbrokers warns of weaker earnings, Steadfast confident
02 February 2015
The share prices of both Austbrokers and Steadfast have been hit after the former warned of weaker earnings in the year ahead…
Corporate
AIMS GM to step down
02 February 2015
Martin McAvenna will retire as GM of Austbrokers & IBNA Member Services on June 30 after almost six years in the role and more than 40 years in the insurance industry…
QBE parts with US businesses
02 February 2015
US specialty insurance broker Alliant Insurance Services is to acquire the three managing general agents that comprise QBE US Agencies…
New Lloyd’s Australia chief takes reins
02 February 2015
Lloyd’s new General Representative for Australia Chris Mackinnon starts in the role this week…
Leney steps up as Marsh CEO
02 February 2015
Marsh has appointed Scott Leney as Australia CEO, replacing John Clayton, who has become Pacific Region Chairman…
Centrepoint announces increased finance boost
02 February 2015
Centrepoint Alliance Premium Funding has agreed a 30% increase in its finance facility, taking the limit to $189 million…
IAG sets reinsurance cover, lifts Canterbury quake costs
02 February 2015
IAG has increased its catastrophe reinsurance program this year, while also revising its final claims costs from the Canterbury earthquakes…
Lavars steps up at Macquarie Pacific Funding
02 February 2015
Rachael Lavars has become CEO of Macquarie Pacific Funding, replacing Stuart White, who has left the company…
S&P affirms Suncorp’s ratings
02 February 2015
Standard & Poor’s has affirmed its A credit rating on Suncorp’s insurance holding company and A+ rating on core subsidiaries AAI, Vero New Zealand, AA Insurance, Suncorp Life and Asteron…
Stream, Cerno merger set for completion
02 February 2015
Stream Claims Services says its merger with loss adjuster Cerno will be completed by Friday…
Austbrokers takes stake in healthcare group
02 February 2015
Austbrokers has bought a 60% stake in occupational healthcare provider Altius Group, as part of its ongoing diversification strategy…
McLardy McShane continues expansion drive
02 February 2015
Broker group McLardy McShane has added Melbourne broker Hunt Insurance Services and McLardy McShane South Gippsland to its authorised representative and branch network…
Consumer group wary of Suncorp home repair partnership
02 February 2015
A consumer rights group has raised concerns over Suncorp’s ground-breaking deal with Victorian-based HomeRepair…
Liberty bolsters Asian operations
02 February 2015
Liberty International Underwriters Executive VP Asia-Pacific Noel MacCarthy has moved from Sydney to Singapore as the company strengthens its Asian operations…
Vero NZ extends AMP link-up
02 February 2015
Vero has renewed its partnership with AMP in New Zealand for a further seven years…
MDA National appoints new chief
02 February 2015
MDA National has appointed Ian Anderson as its CEO. He replaces Peter Forbes, who is retiring after 39 years with the medical indemnity insurer…
PSC Capital to acquire Lloyd’s broker
15 December 2014
Australian investment company PSC Capital, which includes the PSC Insurance Group, is to acquire 72% of Lloyd’s reinsurance and insurance broker Alsford Page & Gems Holdings in the UK…
Calliden absorbed into Steadfast
15 December 2014
Calliden has ceased to be a publicly listed company after the Federal Court approved its takeover by Steadfast last week…
Berkshire Hathaway secures Singapore licence
15 December 2014
Berkshire Hathaway Specialty Insurance has gained a Singapore insurance licence and poached two AIG executives for its Asian operations…
Arch goes silent as regional director departs
15 December 2014
Arch Insurance has declined to comment following the abrupt removal of its Sydney-based regional director Robin Barham…