US writedowns push QBE into red
09 December 2013
QBE is expected to report a loss of about $US250 million ($274.51 million) this year after writing down nearly $US1 billion ($1.09 billion) from its US operations…
Corporate
Wesfarmers sale rumours persist
09 December 2013
A claim that Wesfarmers has “walked away” from negotiations to sell its insurance division to Zurich Australia has been refuted by market sources here and overseas…
Willis breaks new ground at Rinehart mine
09 December 2013
Willis has designed and placed cover for Gina Rinehart’s huge Roy Hill iron ore project in WA’s Pilbara region, with the loss trigger based on cyclones and heavy rainfall…
Maher promoted to IAG post
09 December 2013
CGU Chief Underwriting Officer Darren Maher is moving to IAG, to take the same role with the parent company…
Search continues for new QBE CFO, Scala departs
09 December 2013
QBE Group CEO John Neal has a shortlist of external candidates for the role of CFO…
Ansvar pursues growth following overhaul
09 December 2013
Ansvar has finished its restructuring and aims to build on the transformation in the coming year, Acting CEO Deirdre Blythe says…
Cover-More reports strong interest in IPO
09 December 2013
Cover-More CEO Peter Edwards says meetings with potential investors have revealed “strong interest” in the travel insurer’s initial public offering…
Ironshore joins forces with Inter Hannover
09 December 2013
Specialty insurer Ironshore has entered an agency agreement with the Australian branch of Inter Hannover to provide mergers and acquisitions cover…
MDA records ‘solid’ result before CEO departs
09 December 2013
MDA National has produced a “commercially solid result”, outgoing CEO Peter Forbes told the group’s annual general meeting in Perth last week…
HCF steps up pet and travel cover sales
09 December 2013
HCF is selling more travel and pet insurance as part of its diversification strategy…
ME Bank launches insurance tie-up with QBE
09 December 2013
ME Bank is giving its 290,000 customers access to consumer insurance products under a referrer model with QBE…
Steadfast splits first hub, decides on two for Sydney
02 December 2013
Steadfast has called a halt to its first “broker hub”, announcing new plans to now have two hubs operating in Sydney instead…
Vero slashes 7.5% off home cover commission
02 December 2013
Brokers have reacted angrily to a plan by Vero to cut commissions on personal insurance home cover from 22.5% to 15%…
Marsh set for big move into SME space
02 December 2013
Global broker Marsh has launched an Australia-wide division aimed at the SME business market…
CGU launches direct offering for micro-businesses
02 December 2013
CGU is set to pilot a direct offering for micro-businesses…
Aon wants to expand Australia broker network
02 December 2013
Aon plans to increase its Australian broker network through acquisitions and opening new offices as it targets expansion in the SME segment of the market…
Achmea gets licence for Australian operations
02 December 2013
Dutch insurer Achmea has launched its operations in Australia after being licensed by the Australian Prudential Regulation Authority…
Cover-More launches $521 million IPO
02 December 2013
Travel insurer Cover-More plans to raise $521.2 million in an initial public offering, according to a prospectus released this afternoon…
‘Focused strategy’ drives Centrepoint growth
02 December 2013
Centrepoint Alliance says its insurance premium funding business achieved strong growth last financial year thanks to a clear, focused strategy and an experienced team…
Tower profit falls on asset sales
02 December 2013
Tower Group’s year of asset sales led to a 38% fall in profit to $NZ34.2 million ($30.6 million) in the year to September 30, although revenue grew…