QBE sponsors first catastrophe bond
03 February 2014
QBE has gained $US250 million ($285 million) of reinsurance cover by sponsoring its first catastrophe bond…
Corporate
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…
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…
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…