Suncorp faces $1 billion in natural hazard claims
11 May 2015
An exceptional series of weather events means Suncorp is heading towards $1 billion in natural disaster claims this financial year, Group CFO Steve Johnston says…
Corporate
New parent paves way for Ironshore acquisitions
11 May 2015
Ironshore’s new owner, Chinese conglomerate Fosun International, has deep pockets and is keen on expanding its substantial global insurance holdings, which is music to the ears of Ironshore Australia MD Katherine Simmonds…
Ace keeps quiet as Combined storm rages
11 May 2015
International insurer Ace has refused to comment as the storm over allegations of mis-selling at its wholly owned subsidiary Combined Insurance continues…
QBE puts LMI float on hold
11 May 2015
QBE has put the planned float of its lenders’ mortgage insurance business on hold…
JLT builds on Recovre deal with NZ purchase
11 May 2015
JLT Australia has acquired New Zealand vocational rehabilitation services specialist Alpha Consultants, as it continues to grow by buying complementary businesses…
Honan eyes further Asian acquisitions
11 May 2015
Honan Insurance Group has finalised the purchase of Singapore-based Macs Insurance Brokers, and says more Asian acquisitions may be on the cards…
Assetinsure linked with New Zealand’s CBL
11 May 2015
Assetinsure has been named as a potential takeover target for New Zealand credit insurer CBL Insurance…
Sparke Helmore puts off listing after insurance lawyers defect
11 May 2015
Law firm Sparke Helmore has shelved plans to list on the Australian Securities Exchange following the departure of key insurance partners to rival Hall & Wilcox, but National Managing Partner Jesse Webb insists it is business as usual…
XL Catlin appoints claims, operations chiefs
11 May 2015
XL Catlin has appointed Steve Gibbs as Head of Claims Asia-Pacific, while Peter Fryer has been confirmed as Operations Manager for Australia…
TIO sheds 40-plus staff after Allianz review
04 May 2015
The Territory Insurance Office is losing more than 40 employees following a strategic review…
Aspen recruits for new Australian office
04 May 2015
Aspen Re has appointed Hannover Re executive Andrew Parker to lead its new Australian branch, while Swiss Re veteran Paul Wedlock joins as Senior Underwriter…
Stream the ‘largest loser’ as Cerno faces liquidation
04 May 2015
Loss adjuster Cerno will be liquidated, with no funds available for unsecured creditors…
Australia MD leaves Chubb
04 May 2015
Chubb Australia MD Mark Lingafelter has resigned to pursue another opportunity in the insurance industry…
Comparethemarket.com.au selects new CEO
04 May 2015
Former iSelect chief Matt McCann has been appointed CEO of Comparethemarket.com.au, as the comparison website moves towards its next stage of growth…
Westpac GWP rises, but catastrophes drive claims
04 May 2015
Westpac has reported an 8% rise in general insurance gross written premium to $246 million for the six months to March 31…
Tower expects quake claims blowout of $20 million
04 May 2015
Tower emerged from its self-imposed trading halt on Friday, saying it expects provisions for claims costs related to the Christchurch earthquakes to rise by up to $NZ22.4 million ($21.5 million)…
Ansvar promotes financial controller to CFO
04 May 2015
Faith and community care specialist Ansvar has appointed Simon Munday as CFO, replacing Deirdre Blythe, who has left the company…
Genworth profit holds steady as GWP tumbles
04 May 2015
Genworth Mortgage Insurance Australia has held its first-quarter underlying profit steady, despite a 20% fall in gross written premium…
New COO joins Allianz Global Assistance in Brisbane
04 May 2015
Allianz Global Assistance has named Lionel Charmetant as COO of its Australian operations…
MacRae leaves QBE
27 April 2015
EGM Intermediary Distribution Tony MacRae has left QBE following a “strategic review”…