MD leaves QBE strata groups
29 July 2013
Paul Keating is to stand down as MD of QBE strata businesses CHU Underwriting Agencies and Body Corporate Brokers after seven years in the role…
Corporate
Cowden takes Hollard book from All Class
29 July 2013
Cowden has bought the Hollard underwriting agency business held by failed company All Class Insurance Brokers…
McIvor joins Austbrokers
22 July 2013
Former OAMPS CEO Keith McIvor has been recruited by Austbrokers to be its first Chief Broking Officer…
Catastrophes down, IAG’s performance up
22 July 2013
IAG has beaten its insurance margin forecast after lower-than-expected natural disaster claims…
Ace appoints Asia-Pacific Chairman
22 July 2013
Ace Group has named Damien Sullivan as its new Asia-Pacific Chairman, to focus on governance, strategic planning and senior customer relationships…
Steadfast list changes as owners choose money or shares
22 July 2013
Queensland brokerage Regional Insurance Brokers and QBE-owned National Credit Insurance remain the two most costly broker acquisitions by Steadfast under its initial public offering, according to the group’s…
Improved Lloyd’s earns outlook upgrade
22 July 2013
AM Best has upgraded Lloyd’s outlook from stable to positive, reflecting the market’s strong operating performance in recent years and improved capitalisation…
Allianz and Marsh launch claims promise
22 July 2013
Marsh and Allianz Global Corporate & Specialty have pledged rapid access to funds for joint clients with major claims…
Ex-Lumley chairman dies
22 July 2013
Former Lumley chairman Sir Robert Crichton-Brown has died aged 93…
We’re strong, says Wesfarmers Insurance’s new MD
15 July 2013
Wesfarmers Insurance’s new MD has “no radical plans” for the company’s business units, but believes the diversified insurance/broking company it is “strongly positioned” for future growth…
Steadfast finalises arrangements for August 2 float
15 July 2013
Brokers will control about 40% of Steadfast when the company floats on the Australian Securities Exchange, according to its final prospectus filed on Thursday…
GE remains silent on insurance sale
15 July 2013
General Electric has refused to comment on market speculation its Australian insurance business is up for sale…
QBE to part with Pitt Street site
15 July 2013
QBE is to sell its heritage-listed building in Pitt Street, Sydney, as it consolidates its national head office to one location in the city’s CBD…
Avant recruits new CEO
15 July 2013
Medical defence insurer Avant has appointed Andrew Boldeman as its new CEO, effective from August 26…
Moody’s affirms Ace ratings
15 July 2013
Moody’s has affirmed its ratings on Ace Insurance’s Bermuda-based operating subsidiaries and its US property and casualty business…
Christchurch council gets insurance reprieve
15 July 2013
Christchurch City Council has won a reprieve after mutual liability trust fund Riskpool agreed to delay withdrawal of its professional indemnity and public liability insurance for building consents…
QBE ‘exceeds expectations’ with Manila move
08 July 2013
QBE’s Australian business is ahead of schedule in shifting work to a global services centre in the Philippines, as it takes the lead in a project to deliver annual savings of at least $US250 million ($272 million)…
Calliden on target for $10 million profit
08 July 2013
Calliden is on course to hit this year’s target of $10 million net profit as it manages the transition from pure underwriter to hybrid managing general agent…
Munich Re transfers cyclone risks to capital market
08 July 2013
Munich Re has used the capital markets to acquire coverage for Australian cyclone risks for the first time…
EQC places $NZ3.25 billion reinsurance program
08 July 2013
New Zealand’s Earthquake Commission has confirmed full placement of its $NZ3.25 billion ($2.77 billion) reinsurance program at rates “similar to last year”…