New CEOs for Coface Australia and LawCover
10 September 2012
Trade credit insurer Coface Australia has appointed Paul McGahen, the former boss of specialist legal professional indemnity insurer LawCover, as its new CEO…
Corporate
Lumley turns to local labour for Christchurch rebuild
10 September 2012
Lumley Insurance in New Zealand is recruiting local experts to resolve Christchurch earthquake claims more quickly and efficiently…
Clyde & Co opens for business
10 September 2012
UK-based law firm Clyde & Co has opened its Sydney and Perth offices ahead of schedule, marking the global insurance specialist’s first foray into the Australian market…
YBR loses $6.83 million but revenue up
10 September 2012
Yellow Brick Road has posted a $6.83 million loss for the first half of this year…
Lockton expands to Sydney and eyes new offices
03 September 2012
Global broker Lockton is expanding from its Australian headquarters in Perth, with a new team setting up shop in Sydney…
SFG acquires Parkside
03 September 2012
SFG Australia has acquired Perth-based Parkside Insurance Brokers as part of its strategy to provide a full range of insurance and wealth management services…
Austbrokers and IBNA renew vows
03 September 2012
Broking joint venture A&I Member Services will continue in its current form following an internal review by stakeholders Austbrokers and IBNA…
Vero regaining confidence in NZ
03 September 2012
New Zealand’s second-biggest insurer, Vero, is regaining confidence in the market, with CEO Gary Dransfield telling a business audience in Christchurch the company is “planning to widen our risk appetite”…
Lloyd’s broker establishes local presence
03 September 2012
London-based Lloyd’s broker Bartlett & Company has opened in Sydney to serve its global corporate clients with operations in Australia…
Insured Group back in profit
03 September 2012
Insured Group has reported an unaudited after-tax profit of $1.39 million for the year ending June 30…
Court grants Western Pacific funds for loss adjusters
03 September 2012
Loss adjusters are processing earthquake claims for failed New Zealand insurer Western Pacific after a court ruled liquidators could pay from reinsurance funds…
IAG director retires
03 September 2012
IAG has announced the retirement of Phillip Colebatch from its board. Chairman Brian Schwartz thanked the former Swiss Re executive for his contribution over almost six years, including stints on IAG’s audit…
China Taiping NZ downgraded
03 September 2012
China Taiping Insurance’s New Zealand subsidiary has been downgraded by ratings agency AM Best, as the company’s rundown of business there leaves its capital position in decline…
Austbrokers’ expansion fuels 20% profit growth
27 August 2012
Austbrokers increased profit by 20% to $25.64 million for the year to June 30 on contributions from acquisitions in the underwriting agencies business and growth in the broking network…
Suncorp profit up on rate rises, cost control
27 August 2012
Rate increases and a clampdown on expenses helped Suncorp raise annual profit by 60% to $725 million for the year to June 30 – despite banking operations dragging down the result…
UK operations bleed IAG
27 August 2012
The future of IAG’s UK operations remains in doubt after further losses and writedowns have hit the insurer’s full-year result…
Calliden results on track with new business model
27 August 2012
Calliden Group has announced a loss of $231,000 for the six months to June 30, following its catastrophe-induced $4.3 million loss in the corresponding period last year…
Suncorp hopes new name sticks
27 August 2012
Suncorp’s authorised representative distribution business, AMP GI Distribution, will be rebranded Resilium from November 17…
Zurich reveals Fogarty replacement
27 August 2012
Nigel Whyatt is to succeed Daniel Fogarty as EGM Corporate at Zurich, following Mr Fogarty’s elevation to CEO earlier this year…
New claims agent for WorkCover SA
27 August 2012
Gallagher Bassett will join Employers Mutual SA as an approved claims agent for WorkCover SA next year, under a reform of the authority…