Austbrokers’ members buy PB
26 November 2012
Austbrokers’ members Strathearn and MGA have bought out Steadfast member PB Insurance…
Corporate
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…
Former CBA exec joins Tower team
19 November 2012
Tower NZ has appointed a former Commonwealth Bank executive to its board…
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…