Fitch hails Lloyd’s underwriting improvement
16 June 2014
Fitch has upgraded Lloyd’s insurer financial strength rating to AA- from A+, with a stable outlook…
Corporate
OAMPS sale gets green light
16 June 2014
Arthur J Gallagher has received all regulatory approvals for its $1.01 billion acquisition of Wesfarmers’ insurance broking and premium funding operations…
McLarens building in Brisbane, Newcastle
16 June 2014
McLarens Australia has appointed three loss adjusters in Queensland and one in NSW, as part of its re-entry into the country…
Vero NZ poaches AIG’s Cris Knell
16 June 2014
Vero Insurance NZ has appointed senior AIG executive Cris Knell as EGM Commercial & Distribution starting in early September…
Insurers take closer look at catastrophe models
16 June 2014
Insurers and reinsurers are demanding more information from catastrophe modellers as they look to address regulators’ concerns about risk, according to Paul Burgess, Senior Director…
Allianz names distribution heads
10 June 2014
Allianz has made two senior appointments to its new commercial and retail distribution divisions…
IAG-Lumley NZ ‘will face competition’
10 June 2014
Competitors will challenge IAG if it raises prices or cuts services following its takeover of Lumley New Zealand, the country’s Commerce Commission says…
Insurance House buys Victorian broker
10 June 2014
Insurance House Group has bought Henderson Insurance Agencies, based in Boort, central Victoria…
Arthur J Gallagher seeks Australian, NZ brokerages
10 June 2014
Global broker Arthur J Gallagher is seeking brokerages in Australia and New Zealand to add to the OAMPS and Crombie Lockwood businesses it bought from Wesfarmers…
Experts doubt Berkshire-Wesfarmers story
10 June 2014
Local reinsurance sources have cast doubt on the accuracy of a UK media report claiming investment and insurance giant Berkshire Hathaway offered to provide Wesfarmers Insurance…
CEO Watters to step down at Allianz NZ
10 June 2014
Allianz NZ CEO Bruce Watters will retire at the end of this year after three decades in the insurance industry…
iSelect appoints new CFO
10 June 2014
Paul McCarthy is to join comparator iSelect as CFO next month, replacing David Chalmers…
AOBIS builds on Calliden relationship
10 June 2014
Specialist underwriting agency Australian Owner Builders Insurance Services has extended its portfolio to include owner-builder construction and public liability cover from Calliden…
Suncorp expects payoff from data insights
02 June 2014
Suncorp’s investment in business intelligence capabilities will build new business from existing customers across the group’s brands, according to CEO Patrick Snowball…
Global insurer Allied expands into Australia
02 June 2014
Insurer and reinsurer Allied World has opened a Sydney branch to enhance its growth in the Asia-Pacific region…
Brooklyn signs up Lloyd’s for north Australian strata
02 June 2014
There are further signs of easing in the strata market, with underwriting agency Brooklyn today launching a strata product for northern Australia…
Victorian broker joins IBNA
02 June 2014
Shepparton-based O’Sullivan Insurance Brokers has joined Insurance Brokers Network Australia…
McLardy McShane’s McTakeover
02 June 2014
Melbourne broker McLardy McShane has expanded to the Mornington Peninsula, with the acquisition of McIntyre’s Insurance Agencies in Rosebud…
Extreme weather puts dent in Tower’s half-year profits
02 June 2014
NZ insurer Tower recorded a net profit of $NZ13.14 million ($12.1 million) in the half-year to March 31 – down more than 70% on the previous corresponding period…
Apia offers health cover in tie-up with Nib
02 June 2014
Suncorp brand Apia has signed a distribution alliance with health insurer Nib in a drive to capture new markets…