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…
Corporate
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…
Ansvar recruits new CEO
17 March 2014
Ansvar Insurance has appointed Warren Hutcheon as CEO…
Sportscover denies Lloyd’s capacity troubles
17 March 2014
Sportscover has denied a London media report suggesting the syndicate owned by the Melbourne-based underwriting agency may have difficulties with maintaining its capacity at Lloyd’s…
West joins Hollard board
17 March 2014
Duncan West has joined the board of Hollard Insurance…
QBE recruits Woolworths company secretary
17 March 2014
QBE has appointed Woolworths executive Peter Horton as Group General Counsel and Company Secretary…
IAG raises $350 million for Wesfarmers deal
17 March 2014
IAG has raised $350 million from institutional investors to help fund its acquisition of Wesfarmers Insurance’s underwriting business…
iSelect appoints ex-surgeon as CEO
17 March 2014
Comparison website iSelect has appointed Alex Stevens as CEO…
QBE reduces Elders stake to 7.95%
17 March 2014
QBE has cut its stake in Elders to 7.95% from 10.23% through a series of sharemarket trades…
One GI role goes in Centric Wealth job cuts
17 March 2014
Financial Index Wealth Accountants has cut 45 jobs at Centric Wealth – including one position in the general insurance division – following its takeover of the business…