Loss adjuster Cerno cuts jobs
03 June 2013
Cerno says it will make “about two dozen” staff redundant after a tie-up with Stream Group made the loss adjuster’s IT systems more efficient…
Corporate
Coverforce acquires MA Risk Solutions
03 June 2013
Coverforce has bought construction-focused broker MA Risk Solutions’ Australian operations…
QBE US reserves ‘still deficient’, analyst says
03 June 2013
QBE’s US claims reserves continue to be deficient, according to a Bank of America Merrill Lynch report…
Aon’s Donnelly moves to Marsh
03 June 2013
Aon Risk Solutions Chief Broking Officer Pacific John Donnelly will join Marsh later this year as MD and Head of Placement for Asia-Pacific…
Tower profit rises, but GI arm posts loss
03 June 2013
New Zealand insurer Tower has reported a net profit after tax of $NZ44.2 million ($37 million) for the six months to March, up 87.3% on the previous corresponding period…
ACCC clears possible Ruralco move for Elders
03 June 2013
The Australian Competition and Consumer Commission says it will not stop Ruralco acquiring Elders Rural Services…
Consolidated buys All Class book
03 June 2013
Consolidated Insurances has bought the client book of fellow Steadfast member All Class Insurance Brokers, which collapsed last month…
Macquarie joins with insurer to offer mortgage cover
03 June 2013
Macquarie Mortgages has launched a product that incorporates general insurance into home loans…
Lemieux joins Milne Alexander
03 June 2013
Brokerage Milne Alexander has appointed Phil Lemieux as CFO, effective from last Monday…
DCS Global joins the party in Singapore
03 June 2013
Commercial claims specialist DCS Global is opening a Singapore office to serve the growing number of insurers using the country as an Asian hub…
S&P issues revised ratings
27 May 2013
Standard & Poor’s has released new ratings for large insurers and reinsurers under its revised criteria…
Steadfast targets up to 70 brokerages before float
27 May 2013
Steadfast plans to buy shares in around 60 to 70 brokers, four underwriting agencies and three ancillary businesses as part of its public listing…
Berge to leave Austcover
27 May 2013
Austcover CEO John Berge is to leave the brokerage once Steadfast acquires 49% of it…
NTI names new executives
27 May 2013
National Transport Insurance has appointed two new executives…
Oswald and bushfires cost Calliden $2.7 million
27 May 2013
Calliden Group says its claim costs from ex-Tropical Cyclone Oswald and recent bushfires in Tasmania and NSW have reached $2.7 million…
Ansvar offshoot settles $NZ511 million of earthquake claims
27 May 2013
Claims manager ACS says it paid $NZ510.57 million ($425.78 million) in claims last year, mostly resulting from the Canterbury earthquakes…
Ruralco insurance profit gains on higher premiums
27 May 2013
Ruralco’s farm and general insurance gross profit grew 12% in the half-year to March 31 as premiums rose and the company increased its presence in key regions…
Ironshore builds on strong foundation
20 May 2013
Bermudian insurer Ironshore continues to grow, posting a 27% rise in gross written premium for the first quarter…
iSelect prepares for $215 million share offer
20 May 2013
Online insurance comparator iSelect plans to raise $215 million through a share offer before listing on the Australian Securities Exchange late next month…
Gibbscorp teams up with financial planner
20 May 2013
Insurance Advisernet Australia’s largest corporate authorised representative, Gibbscorp, has merged with financial planning group Total Capital Management…