Wesfarmers eyes $1 billion profit on divestments
07 July 2014
Wesfarmers expects to make a pre-tax profit of $1.035-$1.075 billion on the sale of its insurance underwriting and broking operations, according to a market update…
Corporate
Sportscover ends syndicate sale talks
30 June 2014
Melbourne-based international underwriting agency Sportscover and Bermuda-based Haverford have ended talks over the sale of Lloyd’s Syndicate 3334 and SCI Capital…
No hard feelings on collapse of Ironshore deal: Assetinsure
30 June 2014
US-based Ironshore’s takeover of Assetinsure has been called off by mutual agreement and without acrimony, Assetinsure founder and Chairman Peter Wedgwood says…
McCullagh resigns from Steadfast
30 June 2014
Dana Williams will become COO of Steadfast tomorrow following the resignation of Cameron McCullagh last week…
QBE buys heavy motor insurer
30 June 2014
JUA Underwriting Agency has sold its Truckingsolutions heavy motor insurance business to QBE.…
Day to replace Wagstaffe as NTI Chairman
30 June 2014
Suncorp Commercial Insurance CEO Anthony Day will become Chairman of truck insurance specialist NTI from tomorrow…
Willis launches political, trade credit risk unit
30 June 2014
Willis has appointed a senior banking executive to lead a political and trade credit risks practice in Melbourne as the global broker looks to fill a gap in the Australian market…
New member for IBNA
30 June 2014
Edgar Insurance Brokers of Cobram in Victoria has joined Insurance Brokers Network Australia…
IAG finalises Wesfarmers underwriting takeover
30 June 2014
IAG has completed its acquisition of the Wesfarmers Insurance underwriting businesses in Australia and New Zealand…
Tower eyes NZ consolidation
30 June 2014
New Zealand insurer Tower says it will seek opportunities to participate in industry consolidation…
Underwriting agency targets NZ liability business
30 June 2014
Delta Insurance aims to expand in New Zealand and possibly Asia over the next few years, after launching this month as a specialist liability underwriting agency…
New director joins Centrepoint
30 June 2014
Centrepoint Alliance has appointed Martin Pretty as a non-executive director…
Two more brokers join IBNA
23 June 2014
Insurance Brokers Network Australia has signed up two more members…
AIG targets mid-market multinationals
23 June 2014
AIG has introduced multinational commercial property cover for mid-sized businesses in Australia, Canada, Europe, South Africa and the US that have global risk exposures…
QBE creates emerging markets division
23 June 2014
QBE has merged its Latin America and Asia-Pacific operations to form an emerging markets division…
Scott to lead Wesfarmers’ financial services push
23 June 2014
Wesfarmers has appointed Rob Scott to the new role of MD Financial Services, to lead the expansion of the group’s consumer financial services business…
Cerno, Stream begin merger talks
23 June 2014
Loss adjuster Cerno and recently listed claims service provider Stream Group are in discussions about a possible merger…
SUA links up with Acerta
23 June 2014
Acerta is to underwrite burglary and income protection policies for Brisbane-based Specialist Underwriting Agencies, replacing Assetinsure…
Steadfast brokerage buys stablemate
23 June 2014
Steadfast’s wholly owned National Credit Insurance Brokers has purchased IMC Trade Credit Solutions…
IAG clears final Wesfarmers hurdle
23 June 2014
IAG MD and CEO Mike Wilkins has achieved his aim of acquiring the Wesfarmers’ underwriting business by June 30, after the Federal Government last week gave final approval…