Former CBA exec joins Tower team
19 November 2012
Tower NZ has appointed a former Commonwealth Bank executive to its board…
Corporate
US claims whack QBE’s bottom line
12 November 2012
QBE is taking a hit from its US exposures, with claims from Hurricane Sandy likely to cost it $350-$450 million and crop losses caused by the US drought expected to be $355 million for the full year…
Ebix has better third quarter
12 November 2012
Ebix Australia has completed the integration of the Fintechnix financial services platform, which it bought in June, according to Australian MD Leon d’Apice…
Calliden offloads farm book
12 November 2012
Calliden Group will transfer its farm portfolio to Munich Re subsidiary Great Lakes Australia but says customers won’t be affected by the change…
MGA acquires Sirius in Darwin
12 November 2012
Adelaide-based national broker MGA has expanded its Darwin presence with the purchase of Sirius Risk Services…
Lawsons Underwriting continues expansion
12 November 2012
Expanding underwriting agency Lawsons has opened an office in Brisbane…
Berkshire Hathaway moves into NZ quake market
12 November 2012
US reinsurance and investment giant Berkshire Hathaway is to provide earthquake cover in the Christchurch region after obtaining a New Zealand insurance licence…
Trowbridge to chair MDA
12 November 2012
John Trowbridge will add another entry to his crowded career when he takes up the chairman’s role at medical defence insurer MDA National on December 13…
Court upholds New Cap Re claim against syndicate
12 November 2012
The UK Supreme Court has ruled that New Cap Re liquidators Ernst & Young can force Lloyd’s Syndicate 991 to repay $US5.9 million ($5.6 million) plus interest…
NAB subprime class action hits insurers
12 November 2012
Insurers will pay $50 million of the $115 million class action settlement against NAB for losses incurred by shareholders in the US mortgage crisis…
Centrepoint on course following losses
05 November 2012
Centrepoint Alliance is on track to achieve profit targets for 2012/13 despite reporting a $17.88 million net loss for the year to June 30, according to MD Tony Robinson…
Apex and Insurance House join forces
05 November 2012
Insurance House Group has merged with NSW-based Apex Insurance, taking the combined group’s premium income to more than $150 million…
Insurance aids TIO result
05 November 2012
A 61% improvement in underlying insurance profitability helped Northern Territory Government-owned bancassurer TIO record an after-tax profit of $8 million in 2011/12…
Starr rises in Melbourne
05 November 2012
Starr Underwriting Agents Asia has relocated to Melbourne after spending the past two years in Sydney…
Elders insurance on the block
05 November 2012
Elders is to sell its insurance business along with its iconic rural services business in a bid to retain control of its destiny…
Genworth flags another Aussie float delay
05 November 2012
Genworth Financial’s Australian division stepped up in the September quarter, with net operating income from its mortgage insurance business rising 58% to $US57 million ($54.77 million)…
Herbert Insurance receivership nears end
05 November 2012
Receivers for failed New Zealand broker Herbert Insurance expect to end the receivership late next month or early in January…
Cover-More brings in Steve Rashford as CMO
05 November 2012
Cover-More has appointed emergency medicine specialist Steve Rashford as its Chief Medical Officer, responsible for delivering assistance in Australia, New Zealand, China and Malaysia…
Tower sells health insurance arm
05 November 2012
Tower has sold its New Zealand health insurance business for $NZ102 million ($80.9 million) following a strategic review…
Snowball sees the sun shine
29 October 2012
Suncorp says it expects better results as its insurance operation recovers from the recent spate of catastrophes…