Medical insurers prepare merger
31 March 2014
Medical insurers MDA National and MIGA plan to form a merged group known as Medical Defence Australia…
Corporate
Suncorp to raise $250 million
31 March 2014
Suncorp is to raise $250 million through the issue of convertible preference shares…
Ansvar lowers loss, enters quota-share deal
31 March 2014
Ansvar Australia has renegotiated its reinsurance, entering a quota-share arrangement, according to Acting CEO Deirdre Blythe…
Litigation funder moves into Europe via joint venture
31 March 2014
Litigation funder Bentham IMF has entered into a European joint venture and Asia-Pacific co-funding arrangement with subsidiaries of investment advisory group Elliott Management…
Latevo brings in crop protection brokers
31 March 2014
Latevo International has signed up the first two brokers to distribute its Certainty Insurance crop cover…
Cormann sets ball rolling on Medibank Private IPO
31 March 2014
Medibank Private will be sold next financial year through an initial public offering, Finance Minister Mathias Cormann says…
Transcorp closes doors, sells client list
24 March 2014
Underwriting agency Transcorp, which specialises in commercial motor vehicle, truck and plant and machinery insurance, will close at the end of the month…
Insurance House enters a new field
24 March 2014
Insurance House has launched an underwriting agency to provide crop cover for cereal growers…
Victorian brokers to form Steadfast Eastern
24 March 2014
Melbourne brokers Paramount and Capital Mutual are merging to become Steadfast Eastern Insurance Brokers, with a view to becoming a new Steadfast hub…
Adroit joins forces with financial planner
24 March 2014
Victorian brokerage Adroit Insurance and financial planner Armstrong Hills have merged to create a financial services business in Ballarat…
Calliden sells Arena Underwriting share
24 March 2014
Calliden has sold its half of Arena Underwriting to Action Entertainment Insurance, which plans to expand the company’s specialist event, entertainment and security underwriting offering…
Government group faces lawsuit over quake claims
24 March 2014
A class action is building against Southern Response, the New Zealand Government-owned company handling the Canterbury earthquake claims of AMI Insurance…
QBE appoints Group CRO
24 March 2014
QBE has promoted Jason Brown to Group Chief Risk Officer following his work as CRO for the Australian and New Zealand operations…
Cerno focuses on future following job cuts
24 March 2014
Cerno has made 36 positions redundant this month, but says its transformation program is on track…
Poole departure stirs revamp speculation
24 March 2014
Allianz Australia may use the forthcoming retirement of Chief GM Sales & Distribution Jonathan Poole as an opportunity to broaden its management structure…
Youi GWP soars ahead of expansion bid
24 March 2014
Direct insurer Youi has reported a 70% rise in gross written premium for the six months to December 31, while its South African parent has flagged plans to expand the brand…
S&P affirms IAG’s debt ratings
24 March 2014
Standard & Poor’s has affirmed IAG’s issuer credit rating at A and its subsidiaries’ financial strength and issuer credit ratings at AA. Their outlooks remain stable…
Wesfarmers still not committed to selling brokerages
17 March 2014
The sale of Wesfarmers’ insurance broking operations has not yet been decided, although the signs are clear that the conglomerate is keen to sell if it can reap a substantial profit…
Suncorp slams IAG purchase of Lumley NZ
17 March 2014
Suncorp has urged New Zealand’s Competition Commission to refuse IAG’s proposed acquisition of Lumley NZ…
Higher greenback hurts Ebix
17 March 2014
Software provider Ebix Australia performed well last year, CEO Leon d’Apice told insuranceNEWS.com.au after the release of the parent company’s annual profit…