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…
Corporate
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…
Cover-More branches out in China
23 June 2014
Travel insurer Cover-More has announced a distribution agreement with a leading Chinese travel agent…
Suncorp appoints head for Business Services
16 June 2014
Suncorp has appointed Matt Pancino as CEO Suncorp Business Services…
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…
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…