Former eBay boss joins IAG board
03 December 2012
IAG has appointed e-commerce specialist Alison Deans to its board as a non-executive director…
Corporate
Marsh restructures Asia-Pacific division
03 December 2012
Mega-broker Marsh has announced changes to its Asia-Pacific management structure…
Chartis supports new travel platform
03 December 2012
Chartis has partnered with a group of travel industry experts to develop a new online travel insurance product…
Centrepoint makes $3 million in quarter
03 December 2012
Premium funding and wealth management group Centrepoint Alliance made about $3 million in pre-tax earnings for the September quarter, according to MD Tony Robinson…
Tower bounces back from disasters
03 December 2012
Tower has reported a $NZ13.2 million ($10.3 million) after-tax profit for its general insurance business in the year to September 30 – up from $NZ2.5 million ($1.97 million) the previous year…
JLT and Insured Group in payment portal float
03 December 2012
Priority One Network Group – in which Insured Group has a 20% stake – plans to raise $15-$18 million for acquisitions and working capital in a stock exchange float…
Sale to Gallagher will speed SRS growth: Lynam
26 November 2012
The acquisition of Australia’s largest independent Lloyd’s coverholder SRS Underwriting by global intermediary Arthur J Gallagher & Co will enable Brisbane-based SRS to expand its product range…
WR Berkley aligns with QUS
26 November 2012
WR Berkley will issue all insurance polices underwritten by QUS, formerly known as Queensland Underwriting Solutions, from January 1, as the strata market underwriter seeks to expand its market…
Austbrokers’ members buy PB
26 November 2012
Austbrokers’ members Strathearn and MGA have bought out Steadfast member PB Insurance…
MGA raises Queensland presence
26 November 2012
Adelaide-based MGA Insurance Brokers has increased its Queensland premium income to more than $15 million with the purchase of two businesses on the Sunshine Coast…
Ausure completes AFM takeover
26 November 2012
Ausure Insurance Brokers has completed a 12-month project integrating the client portfolios and authorised representatives of AFM, in the process increasing the Ausure business from 90 offices…
Blue Broking remains independent after SRS sale
26 November 2012
Blue Broking, the Brisbane-based brokerage part-owned by SRS Underwriting, will continue to operate as a separate business following the acquisition of SRS by global intermediary Arthur J Gallagher…
Ruralco insurance income jumps
26 November 2012
Major agribusiness Ruralco’s insurance premium income grew $4.6 million to $14.37 million in the year to September…
Resilium goes live
26 November 2012
Suncorp’s new authorised representative (AR) distribution network Resilium represents a “milestone” for the AR business model, its MD Gerard McDermott says…
Allianz and STA Travel seal deal
26 November 2012
Allianz Global Assistance has bolstered its position in the travel insurance sector, closing a five-year deal with student travel specialist STA…
Wesfarmers Insurance predicts better year ahead
19 November 2012
Fewer catastrophes, rising premiums and better risk selection have given Wesfarmers Insurance confidence of a “significant improvement” in its full-year result…
Invest in local insurers, analysts say
19 November 2012
Analysts are advising investors to favour local insurers over QBE, following CEO John Neal’s announcement last week of an expected $1.2 billion claims blowout from its US division…
WR Berkley expands office network with Axis hires
19 November 2012
WR Berkley has expanded its operations into WA and SA through two new hires from rival insurer Axis…
Beazley eyes Australia for cyber cover expansion
19 November 2012
Lloyd’s insurer Beazley is targeting Australia for growth, with new regulations potentially opening the door for its cyber insurance product…
Western Pacific liquidators chase brokers
19 November 2012
The liquidators of failed New Zealand insurer Western Pacific have hired debt collectors to pursue outstanding money, including from brokers…