Tower sells life business
13 May 2013
New Zealand insurer Tower has sold most of its life insurance business to Fidelity Life for $NZ189 million…
Corporate
FM Global rewards clients with premium reductions
13 May 2013
US-based mutual FM Global is to give clients about $US435 million in premium reductions – the biggest such payout by the company…
ANA restructures to support regional members
13 May 2013
Australian Network Adjusters has restructured, with new state managers and 35 members…
Westpac LMI maintains rating
13 May 2013
Fitch Ratings has affirmed its AA- rating with a stable outlook on Westpac Lenders Mortgage Insurance…
Receiver and liquidator appointed to All Class Insurance Brokers
06 May 2013
Sydney-based All Class Insurance Brokers has had a receiver and a liquidator appointed…
Positive reception greets Ebix sale deal
06 May 2013
Ebix Australia says local market reaction to the impending sale of its US-based parent to an affiliate of investment bank Goldman Sachs has been positive…
Church insurer pays $30 million to Victorian abuse victims
06 May 2013
Catholic Church Insurance paid around $30 million in compensation and counselling costs to about 600 victims of abuse from clergy in Victoria, a statement to a parliamentary inquiry has heard…
Mortgage broker teams up with Allianz for home cover
06 May 2013
Allianz will offer insurance to Mortgage Choice clients under a partnership announced today…
Quantium clients ‘could benefit’ from Woolworths tie-up
06 May 2013
Woolworths has bought a 50% non-controlling interest in data analytics company Quantium, in a deal that may be good news for insurers…
Western Pacific liquidation ‘has a long way to go’
06 May 2013
The liquidation of failed New Zealand insurer Western Pacific is unlikely to be completed in the next six months…
Suncorp wins licence consolidation approval
06 May 2013
The Federal Court has given Suncorp approval to consolidate its five general insurance licences into one…
Assetinsure profits jump in 2012
06 May 2013
Local insurer Assetinsure recorded net profit of $4.86 million in 2012 – a rise of 11.7% on the previous year – despite a slump in the construction industry that cost the firm more than $4 million…
Adjusting group ANA to rebrand
06 May 2013
Australian Network Adjusters founder Jaye Kumar is to rebrand the Perth-based company as VRS ANA after winning a closed tender for the business following a split from his five partners…
MGA adds strength in Victoria
06 May 2013
Acquisitive Adelaide-based national broker MGA has strengthened its presence in western Victoria with the purchase of Terry Grant Insurance Agencies…
Genworth Australia posts first-quarter profit
06 May 2013
Genworth Australia’s mortgage insurance business has reported net operating earnings of $US46 million ($44 million) for the first quarter, recovering from a $US21 million ($20 million) loss in the…
Avant prepares to reveal new CEO
06 May 2013
Medical defence group Avant’s search for a new CEO is “well under way”, with current head David Nathan due to step down on May 10…
ANA split gives rise to new loss adjuster network
29 April 2013
A new loss adjuster network has formed after the six partners of Australian Network Adjusters split up…
QBE offshoring gathers momentum
29 April 2013
QBE Australia has announced that 100 Australian IT staff will be “redeployed” while their jobs are moved to the insurer’s operations in India…
Oswald pushes up Suncorp claims
29 April 2013
Suncorp Group’s natural hazard claims totalled $537 million in the nine months to March 31, against a fiscal-year allowance of $520 million…
Steadfast-Rothbury deal raises NZ capacity
29 April 2013
New Zealand consumers will have access to more capacity following Rothbury Insurance Brokers’ decision to become the country’s founding member of Australian-based broker group Steadfast…