Gallagher buys NZ brokerage
07 April 2014
US broker Arthur J Gallagher has acquired Auckland-based Mike Henry Insurance Brokers for an undisclosed sum…
Corporate
CGU launches north Queensland strata inspections
07 April 2014
CGU and subsidiary Strata Unit Underwriters are to fund risk assessments across all residential strata properties they insure in north Queensland, before reviewing premiums…
Hollard keen to reinvest Nautilus sale capital
07 April 2014
Hollard will recycle capital from the sale to Steadfast of its share in Nautilus Marine “to finance the next wave of insurance entrepreneurs”, according to MD Richard Enthoven…
Lawyers plan class action over QBE share spiral
07 April 2014
Maurice Blackburn is considering a class action against QBE over the plunge in the insurer’s share price in December after it revealed it would report an annual loss of about…
QBE North America ‘near stability’
07 April 2014
QBE claims the turnaround of its North American business is “on track” after the division posted a $US482 million ($521 million) underwriting loss last year…
Centrepoint raises funds for premium funding growth
07 April 2014
Centrepoint Alliance will raise $11.4 million through an entitlement issue, to fund expansion and strengthen its balance sheet…
Assetinsure passes PI business to Catlin
07 April 2014
Catlin Australia has begun to underwrite Assetinsure’s professional indemnity portfolio after the business was transferred last Tuesday…
Steadfast forms Tasmanian hub
07 April 2014
Steadfast has unveiled its first Tasmanian hub, created through the merger of ANCA Insurance Brokers and Saunders Higgins Insurance Brokers…
InterRisk expands with Atlas acquisition
07 April 2014
InterRisk has acquired Atlas Insurance Brokers for an undisclosed sum, as it looks to grow its Queensland presence…
Suncorp raises $360 million through bookbuild
07 April 2014
Suncorp has had a strong response to its convertible preference share offer, raising $360 million from institutional investors in a week…
Cerno appoints operations chief
07 April 2014
Loss adjuster Cerno has appointed Jim Jobson as COO, effective from next Monday…
IAG, Wesfarmers welcome ACCC green light
31 March 2014
IAG has moved closer to completing its $1.845 billion acquisition of Wesfarmers’ underwriting business after the Australian Competition and Consumer Commission…
Medical insurers prepare merger
31 March 2014
Medical insurers MDA National and MIGA plan to form a merged group known as Medical Defence Australia…
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…