Berkley Re makes changes at the top
24 June 2013
Berkley Re Australia has promoted COO Tony Piper to CEO, replacing co-founder Peter Nickerson…
Corporate
Chegwyn joins Austbrokers family
24 June 2013
Austbrokers AEI has bought Chegwyn Insurance Brokers, a non-aligned broker serving the industrial centre of Wetherill Park in western Sydney…
IAG chief reveals best route to Asia
24 June 2013
Companies must take time to build relationships if they are to move into Asia, IAG MD and CEO Mike Wilkins says…
Suncorp enters CTP market in ACT
24 June 2013
Suncorp is to offer compulsory third-party insurance in the ACT, giving motorists there a choice of providers for the first time since 1979…
iSelect completes initial public offering
24 June 2013
Insurance comparator iSelect says its share offer to institutions was oversubscribed…
SUA relaunches iConstruct online platform
24 June 2013
Brisbane-based Specialist Underwriting Agencies has relaunched iConstruct, its online underwriter for the SME construction industry…
Centrepoint share restrictions lifted
24 June 2013
Centrepoint Alliance shares issued as part of the Professional Investment Holdings deal have been removed from escrow…
Steadfast members clear the way for float
17 June 2013
Steadfast members have approved all resolutions needed for the company to restructure before listing on the Australian Securities Exchange…
InterRISK purchase ‘proves Austbrokers’ strength’
17 June 2013
Last week’s acquisition of broker InterRISK demonstrates the strength of his group’s “owner-driver” model, Austbrokers MD and CEO Mark Searles says…
Lloyd’s underwriters secure $500 million surplus
17 June 2013
Lloyd’s underwriters in Australia made an underwriting surplus of $574.67 million last calendar year, according to figures compiled by the Australian Prudential Regulation Authority…
Civic proposes new insurance pool
17 June 2013
New Zealand local government insurer Civic Assurance plans to re-enter the property market by launching a new pool for its council shareholders…
London interests take Sterling stake
11 June 2013
An investment vehicle owned by independent Lloyd’s broker Besso and London-based financial services venture capitalist BP Marsh has acquired a 39.47% interest in local underwriting agency Sterling Insurance…
New premium funder plans market entry
11 June 2013
A new premium funding company is promising “the highest standard of product and service delivery” when it enters the Australian market at some time in the future…
QBE to give update on transformation program
11 June 2013
QBE will hold an investor briefing on July 2 to provide an update on its global operational transformation program…
S&P affirms Medical Insurance Australia rating
11 June 2013
Medical Insurance Australia’s A- financial strength rating has been affirmed by Standard & Poor’s under its new criteria…
QBE receives tenders for convertible securities
11 June 2013
QBE has received tenders totalling $US317 million ($335.87 million) in its offer for outstanding senior convertible securities due in 2030…
Suncorp reveals its premium growth target
03 June 2013
Suncorp is aiming to achieve gross written premium growth of 6-8% a year in its personal insurance business and to raise earnings by simplifying operations…
S&P updates Asia-Pacific insurer ratings
03 June 2013
Standard & Poor’s has released updated ratings for 11 large insurance companies in the Asia-Pacific region, with most assessments affirmed under the agency’s new criteria…
Wesfarmers forecasts insurance improvement
03 June 2013
Wesfarmers says the performance of its insurance underwriting business “remains sound” following a strong half-year result, while earnings in the broking business have been affected by challenging…
Austagencies buys Lawsons and Guardian
03 June 2013
Austbrokers’ underwriting arm Austagencies has bought 90% interests in Lawsons Underwriting Australasia and Guardian Underwriting Services, increasing its gross written premium to more than $210 million…