Australia and NZ give Marsh a boost
20 August 2012
Asia-Pacific has emerged as one of Marsh’s prime growth regions, with the broker’s Australian and New Zealand operations outperforming global peers in the latest quarter…
Corporate
O’Halloran’s farewell package revealed
20 August 2012
The details of former QBE Group CEO Frank O’Halloran’s retirement package have been revealed, with estimates valuing it at up to $16 million…
QBE faces big losses on US crop insurance
13 August 2012
US crop insurers, including QBE Insurance Group, are facing significant claims as the drought there worsens, say brokers and rating houses…
Acquisitions help Ebix to record revenue
13 August 2012
US-based software provider Ebix increased revenue by 11% to $US91.5 million ($86.7 million) in the second half, as acquisitions in the second quarter aided sales…
Woolies won’t shear prices in car insurance play
13 August 2012
Woolworths has entered the highly competitive car insurance market but insists that, unlike rival Coles, it will not compete on price…
Ratings agencies remain cautious on AIG
13 August 2012
AIG has retained a stable credit outlook from Moody’s Investors Services on a stronger than expected second quarter and a $US3 billion ($2.84 billion) share purchase from the US Treasury…
Pressure mounts on Insured Group finances
13 August 2012
Insured Group has abandoned its capital-raising after being blocked by the Australian Securities and Investments Commission for the second time…
Brian Fulmer appointed to AMP GID board
13 August 2012
Suncorp has appointed Brian Fulmer as a non-executive director to the AMP General Insurance Distribution board…
Genworth Australia gets S&P green light
13 August 2012
Standard & Poor’s has conferred AA- financial strength and issuer credit ratings on Genworth Australia, predicting a stable outlook…
Top executives quit Aon for JLT
06 August 2012
Aon’s Chief Broking Officer, Bob Mann, has resigned from the company to join rival broker JLT…
Austbrokers moves premium funding to Hunter
06 August 2012
Austbrokers has ended a six-year premium funding relationship with Pacific Premium Funding and signed a five-year deal with Allianz-owned Hunter Premium Funding…
Allianz profit up on rate increases, fewer disasters
06 August 2012
Allianz Australia earned gross premiums of €737 million ($863 million) from property and casualty in the second quarter, including €46 million ($54 million) from “favourable currency translation”…
Chubb ‘committed to professional liability in Australia’
06 August 2012
Chubb Australia has no plans to quit any segment of professional liability, MD Mark Lingafelter has told insuranceNEWS.com.au…
QBE gets a ratings tick from Fitch
06 August 2012
Ratings agency Fitch has affirmed its current ratings for QBE and its subsidiaries, including its lenders’ mortgage insurance business, with a stable outlook…
China Taiping quits NZ
06 August 2012
China Taiping Insurance is quitting the New Zealand market, saying its reinsurer has declined to renew cover…
Garrod confirmed as Cerno NZ chief
06 August 2012
Auckland loss adjuster Dean Garrod has been appointed CEO of Cerno International NZ…
Genworth boosted by mortgage insurance results
06 August 2012
Leading mortgage insurer Genworth Financial Inc has posted a second-quarter profit despite some of its companies being placed on review last month by Moody’s for a possible downgrade…
AM Best maintains positive rating for Tower
06 August 2012
AM Best has given New Zealand insurer Tower Group an A- rating on the financial strength of its general, life and health insurance businesses…
Quota share deal drives Suncorp mitigation push
30 July 2012
Suncorp’s tough stance on flood mitigation measures in Queensland – which has seen the insurer stop writing new business in Roma and Emerald until mitigation works commence – has been fuelled by…
Riddell joins Willis Re as broking chief
30 July 2012
General Re client management leader Glen Riddell will join Willis Re next month as the head of broking…