Harden to take over at Willis Re Bermuda
12 August 2013
Willis Re Australia Chairman Michael Harden has been appointed CEO of the reinsurance broker’s Bermuda operation…
Corporate
P&C aids strong first-half growth for Allianz Asia
12 August 2013
Allianz has reported strong growth from Asian operations in the first half, with operating profit up 34% to €289 million ($418.84 million)…
Budget Direct rebrands in line with ‘growth trajectory’
12 August 2013
Budget Direct plans to double in size in the next few years and is soon to unveil a new life insurance offering…
Steadfast shares make strong start
05 August 2013
Steadfast shares jumped on listing with the Australian Securities Exchange on Friday morning, and have maintained their gains into today…
Suncorp’s GI earnings jump
05 August 2013
Suncorp says its general insurance net profit has grown following premium increases across all portfolios and despite higher-than-expected natural disaster costs…
QBE underwriting to stay local: Neal
05 August 2013
Underwriting at QBE will remain locally based as the company pursues a global “matrix” approach to improve costs and efficiency, according to CEO John Neal…
Fisher leaves Club Marine to concentrate on recovery
05 August 2013
Club Marine CEO Greg Fisher will retire this month to focus on recovering from a serious cycling accident…
Genworth remains cautious on Australian IPO
05 August 2013
US-based insurer Genworth is targetting “the fourth quarter of this year or later” for an initial public offering on its Australian mortgage insurance business, but says it will keep a close eye on market conditions…
MGA targets NZ expansion
29 July 2013
Adelaide-based national broker MGA aims to expand in New Zealand, either by acquisition or by forming joint ventures…
Workers’ comp data will stay in Australia: QBE
29 July 2013
While QBE continues to focus on moving some jobs offshore, it says workers’ compensation data will remain in Australia…
JLT appoints Fijan as CFO
29 July 2013
JLT Australia has appointed Igor Fijan as CFO following the retirement of Bruno Codemo…
Central sells franchised teams
29 July 2013
Central Insurance Brokers has sold about half of its franchised teams…
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…
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…