AM Best downgrades local government insurer
14 October 2013
AM Best has downgraded the financial strength and issuer credit ratings of New Zealand local government insurer Civic Assurance, moving them to B+ good from B++ good…
Corporate
NZX again suspends Insured Group over late report
14 October 2013
The New Zealand Stock Exchange has suspended Insured Group for failing to lodge its annual report on time – for the third consecutive year…
Stream buys in to NIRS
14 October 2013
Claims service provider Stream Group has invested in Melbourne Technology Group, which operates as National Insurance Replacement Services…
Medibank Private’s pet insurance grows 20%
14 October 2013
Medibank Private’s pet insurance business grew 20% in the year to June 30, in an increasingly competitive market…
Wilkins joins PM in Indonesia
07 October 2013
IAG CEO Mike Wilkins joined a delegation accompanying Tony Abbott on his first visit to Indonesia as Prime Minister…
RACQ ahead of claims this year
07 October 2013
RACQ Insurance has recorded $336.8 million of premiums in the six months ending June 30, according to the club’s latest annual report…
Club Marine appoints ‘keen boatie’ as CEO
07 October 2013
Australia’s largest recreational boat insurer Club Marine has appointed Simon McLean as its new CEO…
CBA expects steady business conditions
07 October 2013
Commonwealth Bank has forecast little change to its business environment this fiscal year, with competition expected to remain strong…
Bardsley joins Guy Carpenter
07 October 2013
Former Calliden senior manager Steve Bardsley has been appointed Senior VP at Guy Carpenter…
Suncorp returns to Roma
30 September 2013
Suncorp has begun writing new home and contents cover in Roma, 16 months after putting an embargo on the Queensland town for its lack of progress on flood mitigation…
Axis to form new Lloyd’s syndicate
30 September 2013
Axis is to launch a Lloyd’s syndicate that aims to start writing business from January 1…
GPG sells out of Tower
30 September 2013
Investment company Guinness Peat Group has sold its 33.6% stake in Tower for $NZ118.3 million ($105.26 million)…
Wesfarmers aims for broking acquisitions, underwriting gains
30 September 2013
Wesfarmers Insurance will target higher returns from underwriting and bolt-on acquisitions in broking this year…
Austbrokers predicts further growth
30 September 2013
Austbrokers has forecast “moderate” growth for this financial year after adjusted profit gained 17% in the year to June 30…
Aon announces expansion plan
30 September 2013
Aon is to open three new branch offices as it looks to extend its regional network…
Allianz picks Sartorel to head Asia-Pacific
30 September 2013
Allianz has appointed George Sartorel as CEO of the Asia-Pacific region…
Lumley reaches milestone in accident and health review
30 September 2013
Lumley has completed the first phase of its accident and health portfolio review and lifted its embargo on new business for the individual accident and sickness product…
Allianz signs travel cover deal with CUA
30 September 2013
Allianz Global Assistance will provide travel insurance to financial services group CUA…
QBE makes flood cover mandatory
23 September 2013
QBE is to include flood cover as standard in home and contents policies from December, with no option to opt out…
Woolies aims to double policy numbers
23 September 2013
Woolworths says it plans to double the number of insurance policies it sells this financial year, following strong growth in the previous 12 months…