Sportscover ‘hasn’t agreed to sell its Lloyd’s agency’
03 February 2014
Reports that Melbourne-based international underwriting agency Sportscover is selling its Lloyd’s managing agency has been discounted by the company…
Corporate
IBNA recruits take membership total past 80
03 February 2014
Independent broking network Insurance Brokers Network Australia has welcomed two new members, Sydney-based Logan Insurance Brokers and Red Star Insurance Brokers…
IAG completes share purchase plan
03 February 2014
IAG has completed its share purchase plan,as it looks to raise equity for the $1.845 billion purchase of Wesfarmers’ insurance underwriting businesses…
IAG revises annual guidance
03 February 2014
IAG has updated its guidance for the year to June 30 following a review…
QBE recruits CFO from UK
03 February 2014
QBE’s search for a new CFO is over, with UK insurance executive Pat Regan to fill the role from June…
Aon creates specialty division
03 February 2014
Aon Risk Solutions has merged several of its businesses to form an expanded division called Financial Specialties…
Cooper Gay buys Epsilon in Australian expansion
03 February 2014
Global wholesale and reinsurance broker Cooper Gay Swett & Crawford (GCSC) has bought Sydney-based Epsilon Insurance Broking Services from founders Peter and Lynn O’Shea…
Bart takes wider role at Crawford
03 February 2014
International loss adjuster Crawford & Company’s Australia CEO Andrew Bart has added the role of Pacific CEO to his responsibilities…
QBE sponsors first catastrophe bond
03 February 2014
QBE has gained $US250 million ($285 million) of reinsurance cover by sponsoring its first catastrophe bond…
Board appointments smooth Austbrokers’ succession
03 February 2014
Austbrokers has appointed Robin Low and David Clarke as directors…
FM Global names new CEO
03 February 2014
Commercial and industrial property insurer FM Global has appointed Lyndon Broad as its Australian Operations Manager and CEO, following the retirement of Ian Berg…
Principal Finance gets new CEO
03 February 2014
Adelaide-based premium funder Principal Finance has appointed Daniel Gronert as CEO, replacing co-founder David Palyga…
IAG gets 24% market share, but Wesfarmers keeps brokers
16 December 2013
IAG has agreed to purchase the insurance underwriting businesses of Wesfarmers for $1.845 billion to strengthen its Australian and New Zealand businesses…
Ratings agencies downgrade QBE after loss guidance
16 December 2013
Major ratings agencies have downgraded QBE after the group last week warned it is heading for a $US250 million ($274.35 million) loss this year…
Steadfast acquires majority stake in Protecsure
16 December 2013
Steadfast has bought 60% of Sydney-based underwriter Protecsure…
Vero gives brokers ‘flexibility’ on commission cut
16 December 2013
Brokers are free to cut their commissions on Vero personal insurance home cover by more than the required 7.5 percentage points, the insurer says…
Marsh and Mercer join forces on benefits and super
16 December 2013
Marsh Australia is creating a new employee health and benefits business to pursue opportunities in the benefits and super sectors…
Raymond Jones takes over at G4S
16 December 2013
G4S Compliance & Investigations has appointed Raymond Jones to run its Australian business, effective from January 6…
Genworth appoints Australia CFO ahead of float
16 December 2013
Lenders’ mortgage specialist Genworth is to send a senior executive with mortgage and investor relations experience to Australia, as the US company keeps alive…
Resilium unveils advice site
16 December 2013
Suncorp’s authorised representative arm Resilium has launched an online advice centre for the owners of small businesses…