Ex-Lumley chairman dies
22 July 2013
Former Lumley chairman Sir Robert Crichton-Brown has died aged 93…
Corporate
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”…
Centrepoint secures enhanced finance facility
08 July 2013
Centrepoint Alliance Premium Funding has agreed an improved and increased finance facility with NAB…
Austral acquires share of TDH
08 July 2013
Perth-based Austral Risk Services has bought a 50% shareholding in SME specialist TDH Insurance Services…
Berkley Re opens Melbourne office
08 July 2013
Berkley Re Australia is to open an office in Melbourne and has appointed Kon Giannopoulos as its Southern Region Manager…
Dual puts fraud trauma behind it
08 July 2013
Operations at underwriting agency Dual Australia are operating normally after a tumultuous fortnight involving a $17 million internal claims fraud, the resignation of its MD and changes at the top of the…
Howes joins Hollard board
08 July 2013
Hollard Insurance has appointed Actuaries Institute CEO Melinda Howes as a non-executive director…
Hancock to replace Flannagan as Tower chief
08 July 2013
Tower has appointed David Hancock as CEO, replacing long-serving chief Rob Flannagan, who announced his resignation in March…
Singaporean investor takes stake in Insured Group
08 July 2013
Insured Group has attracted a foreign investor to pay its $4.8 million debt to St George Bank…
Steadfast names dates and details for float
01 July 2013
Broker group Steadfast will have an equity interest in 62 insurance brokerages, four underwriting agencies, a major premium funder and two “ancillary services” firms when it begins trading on the…