Ansvar recruits OAMPS claims chief
30 July 2012
Ansvar Insurance has appointed OAMPS Head of Claims Phil Gare as its new GM Claims…
Corporate
Intuition rules with new CGU marine tool
30 July 2012
CGU has launched a marine insurance tool to enable brokers to provide marine quotes, regardless of the knowledge they have of the marine insurance business…
Moody’s rates Chartis Australia A2
30 July 2012
Moody’s Investors Service has assigned an A2 insurance financial strength rating to Chartis Australia that it says reflects the company’s strong commercial lines business serving corporate and multinational clients…
Centrepoint Alliance boosts team
30 July 2012
Premium funder Centrepoint Alliance has boosted its team with three appointments…
OAMPS CEO plans to take a break
30 July 2012
OAMPS CEO Keith McIvor will “tick off a few items on my bucket list” before looking for his next business opportunity…
Dual creates innovation team
30 July 2012
Underwriting agency Dual Australia has created a product innovation and development team to continue its push into new product lines and to identify opportunities to grow new and existing markets…
Insured Group tries again with capital-raising
30 July 2012
Insured Group’s $2.25 million capital-raising will now close on August 20 with new shares to be allocated to investors on August 27…
CGU closes regional offices
23 July 2012
CGU is embarking on a program to close nearly all its regional offices across the eastern states, but plans to keep enough open to deal with the group’s high-profile rural and regional business…
Reinsurance deal sees Suncorp ‘pay more for less’
23 July 2012
A leading analyst has concluded that despite paying up to 60% more for its reinsurance for 2012/13 than in 2010/11, Suncorp’s latest reinsurance program would have left the company more exposed to…
Allianz extends flood cover to commercial clients
23 July 2012
Allianz Australia will roll out flood cover for commercial package clients from September…
Willis gains Australasia chairman, new deputy CEO
23 July 2012
Willis has created two new senior positions to further its growth strategy in Australia and New Zealand…
Managers appointed to Suncorp’s AR business
23 July 2012
Suncorp has appointed a COO and regional managers for its AMP General Insurance Distribution arm as it moves closer to a rebrand of the business…
AM Best downgrades Ansvar offshoot
23 July 2012
Ratings agency AM Best has downgraded the financial strength of Ansvar New Zealand’s run-off operator ACS to B- (fair) from B+ (good) and its issuer credit rating to “bb-” from “bbb-”…
PSC acquires majority stake in London firm
23 July 2012
Sydney-based PSC Insurance Group has bought a majority share in UK group Insurance Holdings Ltd and its subsidiaries Carroll & Partners, Breeze Underwriting, Carroll London Markets and Carroll UK…
Civic Assurance under review
23 July 2012
AM Best has placed New Zealand local government insurer Civic Assurance under review with negative implications…
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…
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…