Allianz Global Assistance buys NZ travel specialist
08 April 2013
Allianz Global Assistance has acquired New Zealand-based Comprehensive Travel Insurance as part of its growth strategy for the region…
Corporate
Bank again extends Insured Group loan
08 April 2013
The total loan is for $5 million, but St George Bank has forgiven the premium financing liability of $2.7 million; this will be reinstated if conditions in the deed of settlement are not realised…
Lumley increases marine focus
25 March 2013
Lumley Insurance has added four senior staff to its marine team, as part of a drive to enhance its service to brokers…
Jobs go as Zurich scuttles Associated Marine
25 March 2013
Zurich has laid off up to 27 staff as it absorbs the former Associated Marine operation into its mainstream business…
AIG goes direct
25 March 2013
AIG is making its first foray into direct insurance in Australia, with a website selling event cancellation, health, travel and personal accident cover…
Ansvar returns to profit
25 March 2013
Ansvar made a $2.85 million profit in the year to December 31, recovering from a loss of $2.95 million in 2011 following the Christchurch earthquakes…
Mackinnon targets growth with Gow-Gates
25 March 2013
Well-known broker Chris Mackinnon is returning to Australia from the UK to take up a position as the new CEO of Sydney brokerage Gow-Gates…
Flannagan to leave Tower as shareholders question direction
25 March 2013
Long-serving MD Rob Flannagan is to leave Tower Group, after telling last week’s annual general meeting the company is well positioned for organic growth…
JLT placement division up and running
25 March 2013
JLT Australia’s national placement division is now operational, with former Aon chief broking officer Bob Mann as Chairman…
Mecon Winsure opens Perth office
25 March 2013
Underwriting agent Mecon Winsure Insurance Group has opened a Perth office, to better service its “ever-growing client base” in WA, according to CEO Glenn Ross…
S&P revises local Allianz group’s outlook
25 March 2013
Standard & Poor’s has upgraded Allianz Australia’s outlook from negative to stable and confirmed its AA- financial strength and issuer credit ratings…
Calliden hires new CFO
25 March 2013
Calliden has appointed Risk and Capital Manager Anthony Dijanosic as its new CFO…
Acquisition expands MIGA's footprint
25 March 2013
Medical Insurance Group Australia has acquired underwriting agency Invivo…
Fagen defends QBE’s improvement program
18 March 2013
QBE CEO Australia and New Zealand Colin Fagen says changes taking place in the group’s Australian business must be seen in the context of a global program designed to enhance its effectiveness…
Ebix spends on acquisitions
18 March 2013
Software provider Ebix’s net income dropped 1% to $US70.6 million ($68 million) last year as it made acquisitions around the world…
Bennett and Patel take new roles at Cunningham Lindsey
18 March 2013
Damon Bennett has become CEO of loss adjuster Cunningham Lindsey Australia, replacing Harry Patel, who has moved to the group’s Florida headquarters as CEO of the Americas…
Affiliated FM appoints Australia director
18 March 2013
Lyndon Broad has been named Affiliated FM’s new director for Australia…
NTI launches enhanced CPE cover
18 March 2013
National Transport Insurance says it has enhanced its policies to meet the needs of Australian civil and earthmoving consumers…
Herbert Insurance receivership ends
18 March 2013
The receivership of failed New Zealand company Herbert Insurance has ended two years after it began, with secured creditor ASB Bank owed $NZ595,000 ($476,725)…
Non-life business holds key to Suncorp rating: Fitch
18 March 2013
Fitch has affirmed a stable outlook on Suncorp Group and its main operating subsidiaries, but says this is dependent on continued profitability in its non-life insurance businesses…