Swiss Re names advisory board chairman
28 July 2014
Jillian Broadbent has become Chairman of the advisory board for Swiss Re Australia and joined the board of Swiss Re Life & Health Australia…
Corporate
Capitalisation, new business aid Tower rating
28 July 2014
AM Best has awarded Tower Group a financial strength rating of A- for its general, life and health insurance businesses…
Lehane resigns from Zurich
21 July 2014
Zurich EGM Commercial Bobby Lehane has left the company, with CEO Daniel Fogarty saying a replacement will be named shortly…
Cutter leaves OAMPS as Godden begins Gallagher era
21 July 2014
Andrew Godden has been made CEO of US broker Arthur J Gallagher’s broking operations in Australia, including Gallagher Australia and the recently acquired OAMPS…
Assetinsure exits heavy motor
21 July 2014
Assetinsure has stopped providing heavy motor fleet cover to Specialist Underwriting Agencies…
John Lyon to leave Lumley NZ
21 July 2014
Lumley NZ CEO John Lyon will leave the company on August 1 – one month after the company became part of IAG…
Action notches up sixth acquisition
21 July 2014
Action Insurance Brokers Group has acquired the client book of Harrison Read Insurance Brokers…
PolicyComparison adds product recall cover
21 July 2014
LMI Group has added product recall insurance to its PolicyComparison website for brokers…
Suncorp ‘exceeds expectations’ in capital CTP market
21 July 2014
Suncorp says it has won 11% of the ACT’s compulsory third party motor vehicle insurance market, only a year after entering it…
Comparator welcomes new insurers
21 July 2014
Woolworths Insurance and Real Insurance have signed onto comparison website Comparethemarket.com.au, which says more insurers are likely to join its panel of home and contents…
Storms and quakes cut FMG profit
21 July 2014
Nine storms and three earthquakes cut New Zealand insurer FMG’s net profit to $NZ17.52 million ($16.23 million) last financial year…
Fitch affirms QBE LMI rating
21 July 2014
Fitch has affirmed its AA- rating on QBE LMI, with a stable outlook…
Western Pacific claimants’ wait goes on
21 July 2014
The liquidators of failed New Zealand insurer Western Pacific expect loss assessment on Canterbury earthquake claims to take another year…
India could open door to IAG expansion
14 July 2014
IAG may increase its stake in State Bank of India General Insurance if a bid to raise the country’s foreign direct investment cap on insurance is successful…
Insurance shares make sluggish start to year
14 July 2014
Insurance industry shares have failed to capture investor enthusiasm this year, with Suncorp and IAG posting modest gains as broking groups slump amid a subdued premium outlook…
Lumley Finance unveils stylish rebrand
14 July 2014
Premium funder Lumley Finance has been rebranded as Elantis Premium Funding under its new owner…
MGA expands in Victoria
14 July 2014
Adelaide-based MGA Insurance Brokers has formed a joint venture with Sherbourne Insurance Brokers in the Victorian regional centre of Shepparton…
Attvest places premium on staff over expansion
14 July 2014
Australia’s newest premium funder, Attvest Finance, is behind schedule in its plans to be a national operator, but the company says it is growing and hiring…
Vero expands online hub
14 July 2014
Vero is expanding its Vero Central online broker hub as more brokers move to transact over the internet…
Rothbury takes stake in NZ broker
14 July 2014
New Zealand’s Rothbury Insurance Brokers has bought a stake in Wilkinson Insurance Brokers…