ASIC stymies Insured Group’s capital-raising
23 July 2012
The Australian Securities and Investments Commission has stopped Insured Group’s plans to raise $2.25 million…
Corporate
Gallagher Bassett expands in New Zealand
23 July 2012
Third-party claims provider Gallagher Bassett has bought Care Advantage, the New Zealand-based Southern Cross Medical Care Society’s specialist injury management division…
IAG’s Asian investment hits $720 million
16 July 2012
IAG has told an investor briefing it will soon have $720 million invested in five Asian countries, prompting calls from some analysts for a more conservative strategy…
QBE finalises Hong Kong acquisition
16 July 2012
QBE has completed its acquisition of Hang Seng General Insurance in Hong Kong, after announcing the deal in March…
Allianz capital management plan gets APRA tick
16 July 2012
The Australian Prudential Regulation Authority has given Allianz Australia accreditation to use an internal capital model the insurer developed for setting its regulatory capital levels…
QBE capital a cloud on ratings
16 July 2012
Ratings agency Standard & Poor’s has warned that QBE’s credit rating may come under “negative pressure” should its capital adequacy not improve by the end of this year…
Fitch affirms Lloyd’s A+ rating
16 July 2012
Fitch Ratings has affirmed the financial strength of Lloyd’s with an A+ rating and a stable outlook…
Amber made Millennium MD
16 July 2012
Adelaide-based underwriting agency Millennium has appointed Heath Amber as MD…
Mecon and Winsure merge
09 July 2012
Underwriting agencies Winsure and Mecon have merged to take advantage of their complementary coverage of sections of the building market…
Austbrokers buys Taggart Group
09 July 2012
Austbrokers has bought Sydney-based financial services business The Taggart Group…
Suncorp keeps reinsurance renewal in the dark
09 July 2012
Details of Suncorp’s July 1 reinsurance renewal remain a mystery, with the insurer so far declining to comment on negotiations…
Willis expands Asian marine practice
09 July 2012
Global broker Willis has established a new Marine Technical Services division in Singapore to take advantage of a lack of marine insurance expertise in the Asia-Pacific region…
Allens insurance team moves over to Clyde
09 July 2012
London-based international insurance law firm Clyde & Co is expected to launch its Australian operations on October 1 with 19 lawyers following the defection of the senior insurance team…
Employers Mutual expands in hospitality
09 July 2012
Employers Mutual is expanding its workers’ compensation offering to the NSW hospitality industry, restructuring into a new business for hotels and clubs…
Ansvar scheme may be ‘attempt to scare policyholders’
09 July 2012
A lawyer who acts for a number of Ansvar claimants in New Zealand says the insurer’s scheme of arrangement “seems like an attempt to scare policyholders into taking less money”…
Chartis brand to vanish as AIG returns to strength
02 July 2012
The Chartis name, adopted by US global insurer AIG in 2009 for its general insurance operations, is to be dropped in favour of the old AIG brand…
QBE cuts jobs in operational revamp
02 July 2012
QBE is shedding staff in its Australia division, but the number of people losing their jobs is closer to 100 than the 1000 claimed last week…
Aon Benfield signs Hobart firm for hailstorm research
02 July 2012
Aon Benfield has signed Hobart-based IT company Oscilmet to research hailstorms…
IAG selects new chief for AMI
02 July 2012
IAG NZ has appointed Matthew Cody as GM of Christchurch-based insurer AMI…
Suncorp appoints new director
02 July 2012
Suncorp Group has appointed Audette Exel as a non-executive director…