MGA gains Canberra foothold with Capital purchase
15 April 2013
MGA Insurance Brokers has acquired Canberra-based Capital Wealth Insurance Brokers as part of its expansion program…
Corporate
Landmark joins NAS
15 April 2013
The insurance arm of agribusiness group Landmark has become an authorised representative of CGU-owned NAS Insurance Brokers…
Virgin purchase casts doubt on home insurance launch
15 April 2013
Bank of Queensland’s $40 million acquisition of Virgin Money Australia has raised questions over Virgin’s plan to introduce more general insurance products…
Calliden targets expansion with new model
15 April 2013
Calliden will pursue growth strategies this year as it looks to prove the value of its new model, according to CEO Nick Kirk…
Suncorp to bring in $500 million via note issue
15 April 2013
Suncorp is to raise $500 million with a note issue, which it will use to replace some of its convertible preference shares and for general funding…
Steadfast bulks up board
15 April 2013
Steadfast has confirmed the appointment of two new board directors ahead of its upcoming public listing…
Steadfast adds to network ahead of float
08 April 2013
Broker group Steadfast has bought two underwriting agencies and two brokerages as it shapes up for a public float later in the year…
Neal to drive costs down at QBE
08 April 2013
QBE aims to strip at least $250 million of costs from the business by 2015, CEO John Neal told shareholders at the AGM late last month…
Cerno splits from Claim360, goes for Stream
08 April 2013
Loss adjuster Cerno has exited its Claim360 joint venture with Claim Central Holdings and formed a new partnership with claims solutions provider Stream Group…
XL restructures Asia-Pacific operations
08 April 2013
XL Group is to integrate its Australia, Singapore, Labuan (Malaysia), Hong Kong and China insurance operations…
Robinson retires from Centrepoint
08 April 2013
Centrepoint Alliance CEO Tony Robinson has left the company, and is being replaced by former TAL CFO John de Zwart…
Willis Re announces new CEO
08 April 2013
Cameron Green has become CEO of Willis Re Australia, replacing new Chairman Michael Harden…
Guy Carpenter appoints agriculture head
08 April 2013
Peter Book has joined Guy Carpenter as Head of Agriculture Practice for Asia-Pacific…
IAG adds Scheinkestel to board
08 April 2013
IAG has appointed Nora Scheinkestel as a non-executive director…
IC Frith acquires NSW brokerage
08 April 2013
National broker IC Frith has taken an equity stake in NSW generalist brokers Hignett Knight Insurance…
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…
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…