Willis takes Aon property team
11 February 2013
Willis is to form a dedicated real estate practice in Australia following the recruitment of four property specialists from Aon…
Corporate
Vero uses brokers to speed up small flood claims
11 February 2013
Insurance brokers can now approve flood claims of up $7000 under a series of changes announced by Vero to more quickly clear small claims awaiting review…
Lockton moves into Victoria with Strategic buy
11 February 2013
US-based global broker Lockton has expanded its Australian reach with the acquisition of Melbourne broker Strategic Insurance & Risk Solutions…
Hyperion takes majority stake in FP Group
11 February 2013
UK-based broker and underwriting group Hyperion has acquired a 55% stake in specialist marine broker FP Group…
IAG pushes forward with Indonesia plans
11 February 2013
IAG is a step closer to its ambition of breaking into the Indonesian market, with the insurer opening a representative office in Jakarta…
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…
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…