Liquidator tells court of brokerage’s embezzlement
12 May 2014
The NSW Supreme Court has been told of fictitious policies and embezzlement from the trust account of All Class Insurance Brokers…
Corporate
Austbrokers targets ‘sweet spot’ of older brokers
12 May 2014
Older brokers present the ideal opportunity for Austbrokers as it continues to pursue acquisitions…
AFA moves underwriting to Allianz
12 May 2014
Underwriting agency AFA Insurance has switched underwriters from Lloyd’s and Hollard to Allianz Australia…
Services personnel fear DSHI axe
12 May 2014
Members of the armed services community would be “bitterly disappointed” if the Federal Government scraps the Defence Service Homes Insurance Scheme, according to…
Quake claims slow Western Pacific liquidation
12 May 2014
The liquidation of failed New Zealand insurer Western Pacific will take until at least 2016, as loss adjusters deal with Canterbury earthquake claims…
Consolidated buys Gold Coast brokers HFI
12 May 2014
Consolidated Insurance Brokers has bought Gold Coast-based HFI as it continues an active acquisition program to build the business…
Centrepoint completes capital-raising
12 May 2014
Centrepoint Alliance has completed its $14 million capital-raising through institutions, sophisticated investors and a rights issue…
Fitch pulls plug on IAG ratings
12 May 2014
Fitch plans to withdraw its ratings of IAG and subsidiaries next month…
iSelect CFO Chalmers resigns
12 May 2014
iSelect CFO David Chalmers has resigned from the company – the latest executive to leave in a period of management upheaval…
Hollard prepares to launch premium funding operation
05 May 2014
Hollard Insurance has created a new premium funding business, saying there is an opportunity for a new player in the market…
Steadfast buys controlling stake in Mecon Winsure
05 May 2014
Steadfast has bought a majority stake in building and construction underwriting agency Mecon Winsure…
NZ regulator to rule on IAG-Lumley deal
05 May 2014
New Zealand’s Commerce Commission is due to announce on Wednesday whether it will approve IAG’s takeover of Lumley NZ, with speculation IAG is being pressured to sell off some assets…
Allianz, AIMS enter home and contents deal
05 May 2014
Allianz and AIMS have entered into a personal lines deal to provide home and contents insurance…
Westpac’s insurance income jumps
05 May 2014
Cross-selling and fewer disasters helped Westpac Bank lift general and lenders’ mortgage insurance net income by 33% to $112 million in the six months to March 31…
Bell hopes to launch NZ comparator
05 May 2014
Earthquake Commission director and former Vero New Zealand CEO Roger Bell is developing a general insurance comparison website in the country…
Christchurch council switches to Marsh
05 May 2014
Christchurch City Council has terminated its long-standing contract with insurance broker Aon in favour of a new arrangement with Marsh…
Elders takes action over SMS
05 May 2014
Elders Insurance has taken “appropriate action” after it discovered an employee had asked a client to provide bank account details via text message…
Suncorp’s motor parts JV ‘to expand further’
28 April 2014
Suncorp has stared down growing criticism from motor trades associations, saying it expects further acquisitions from its joint venture in the automotive spare parts market as the business grows…
Austbrokers keeps pace with market changes
28 April 2014
Major intermediary group Austbrokers is strengthening its management group to capitalise on the rapid pace of change in the broker market, CEO Mark Searles says.…
Genworth forecasts strong performance as float nears
28 April 2014
Lenders’ mortgage insurer Genworth Australia expects the buoyant housing market to help it increase premium income and profit this financial year, but warns its ability…