Affiliated FM’s Drinnan heading to Singapore
11 February 2013
Affiliated FM Operations VP Glen Drinnan is moving to Singapore to head the group’s client service operations there…
Corporate
Moody’s downgrades QBE and Genworth lenders’ mortgage businesses
11 February 2013
Moody’s has downgraded three lenders’ mortgage insurers – QBE LMI and two Genworth companies.
Dual enters general liability with mining facility
11 February 2013
Dual Australia will begin underwriting public and product liability covers for the mining and resources sector following the acquisition of a business portfolio from Perth-based broker CKA Risk Solutions…
QBE denies move to axe 700 jobs
04 February 2013
QBE has denied a report that it plans to cut at least 700 jobs, saying it is reviewing operations and no final position has been reached…
WA insurer picks new CEO
04 February 2013
RAC Insurance has appointed John Stringer as CEO, replacing Mike McCarthy who left in December…
ACCC investigates premium funders’ merger
04 February 2013
Macquarie Premium Funding’s bid to become the largest player in Australia’s growing premium funding market is under investigation by the consumer watchdog…
Berkshire takes on QBE risk
04 February 2013
Berkshire Hathaway has further increased its Australasian exposure by taking on 15% of QBE’s catastrophe insurance quota in the latter group’s annual reinsurance tender covering 30% of its risk…
QBE appoints new Asia-Pacific chief
04 February 2013
David Fried will become QBE’s Asia-Pacific CEO on April 8, replacing Mike Goodwin, who left the group following a reshuffle last year…
Scott leaves Wesfarmers Insurance
04 February 2013
Wesfarmers Insurance MD Rob Scott will leave his position later this month after being promoted to Finance Director at Wesfarmers stablemate Coles Supermarkets…
IAG breaks free from UK motor shackles
04 February 2013
IAG is finally free of its troubled UK operations, which it sold in December – albeit at a loss to the group…
IAA launches Mint Underwriting
04 February 2013
The Insurance Advisernet Group has combined its underwriting agencies into one brand, Mint Underwriting, and appointed Paul Baldacchino as MD…
IAG ratings hold steady
04 February 2013
Standard & Poor’s and Fitch have maintained their ratings on IAG…
Centrepoint Singapore sale wins approval
04 February 2013
The Monetary Authority of Singapore has approved the sale of Centrepoint Alliance’s local financial planning business to Aviva Asia…
Board changes ‘reflect IAG’s evolution’
04 February 2013
IAG’s board reshuffle has continued, with the retirement of director Anna Hynes and the appointment of Singapore-based director Raymond Lim…
Insurance House buys AXS
04 February 2013
Insurance House Group has bought the broking business of AXS Insurance Services, whose clients include several professional associations…
New CEO takes reins at Allianz Global Assistance
04 February 2013
John Myler has been appointed CEO of Allianz Global Assistance, the insurer’s travel insurance and emergency assistance subsidiary…
Auditor pushes down Insured Group profit
04 February 2013
Insured Group’s 2012 profit has been revised down by auditors, from $1.3 million to $234,000…
EBM’s Willis recruits join new division
10 December 2012
Perth-based EBM Insurance Brokers has launched a construction, marine and specialty risks division after poaching three senior executives from Willis…
Warranty Group buys stake in NUA
10 December 2012
The Warranty Group has acquired a 50% share in Lloyd’s coverholder National Underwriting Agencies – and is looking to make more acquisitions…
Austbrokers lands in Tasmania
10 December 2012
Austbrokers has made its first foray into the Tasmanian market, buying a share in Hobart’s BGA Insurance Brokers…