Stream completes Cerno merger
09 February 2015
Stream Claims Services has finalised its merger with Cerno by issuing more than 6 million class-A performance shares to the loss adjuster’s shareholders…
Corporate
Internal change gives WR Berkley a boost
09 February 2015
US-based insurance and reinsurance group WR Berkley has reported a net profit of $US648.9 million ($833 million) for last year, with the group’s Australian operations reporting “increased traction in the marketplace” as the result of an important internal change…
HDI-Gerling adds to Victorian branch
09 February 2015
HDI-Gerling has assembled an underwriting team led by industry veterans at its new Melbourne office, which opened today…
QBE announces reporting changes, US expansion
09 February 2015
QBE is set to report its divisional performance prior to the impact of quota share cessions to captive reinsurer, Equator Re…
AIG Singapore CEO switches to NZ
09 February 2015
Mike Raines is the new CEO of AIG Insurance New Zealand…
New CFO joins Cover-More
09 February 2015
Mark Steinberg has taken up the position of CFO and Company Secretary at travel insurer Cover-More…
Top managers move as Berkshire insurer sets up
02 February 2015
Berkshire Hathaway Specialty Insurance Australia and New Zealand has made an impact in the local market even before it obtains an operating licence, poaching key managers from rival companies…
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…
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…