Coles claim is ridiculous: AAMI
12 June 2012
AAMI has hit back at the results of a Coles Insurance survey that claims other motor insurers are charging “at least $305 million more than they need to”…
Corporate
Insured Group wants to sell insurance to wealth advisers
12 June 2012
Perth-based Insured Group wants to move into the wealth management advice industry to sell general insurance…
Snowball sees big savings in simplifying
04 June 2012
Suncorp’s general insurance business is performing ahead of expectations and is targeting a 12% underlying insurance margin this financial year, says CEO Patrick Snowball…
Wesfarmers on track for improved performance
04 June 2012
A combination of rate increases, exposure management and cost-cutting is behind an improved underwriting margin at Wesfarmers Insurance, says MD Rob Scott…
Willis poaches team from Aon
04 June 2012
Willis has poached four Aon Risk Solutions executives in a move Willis CEO Pieter Lindhout says will strengthen its expertise in financial lines…
Melbourne broker stays with Australian Reliance
04 June 2012
Melbourne-based Reliance Insurance Brokers has decided to stay with the Australian Reliance network, using the name but setting up its own back-office function…
China Taiping quits Wellington and Christchurch
04 June 2012
The New Zealand arm of Hong Kong insurer China Taiping will not write new business in the Canterbury region or Wellington, long considered a high earthquake risk…
Carbon sink insurance set for growth
04 June 2012
Vero expects significant growth in its carbon sink insurance product as the carbon tax’s July 1 introduction approaches…
Grant Herbert charged
04 June 2012
The head of New Zealand’s failed Herbert Insurance Group, Grant Herbert, has been charged with crimes relating to theft and forgery…
Changes don’t affect Centrepoint funding business
04 June 2012
The restructuring of Centrepoint Alliance wealth advice businesses will not affect the premium funding operations…
Broker expands into regional Victoria
04 June 2012
Melbourne-based broker McLardy McShane has expanded its presence in regional Victoria with a Shepparton office…
Steadfast members vote for listing
28 May 2012
Steadfast is moving towards a public listing after members voted at an extraordinary general meeting last week to adopt a new constitution…
Lehane to replace Feely at Zurich
28 May 2012
Zurich General Insurance has appointed a senior manager with local and international experience as the EGM of its crucial SME business…
Clarke takes broker relationship role at QBE
28 May 2012
QBE has appointed Jason Clarke as GM International Brokers, with effect from mid-July…
Calliden expects profit up to $3 million this year
28 May 2012
Calliden is on track to deliver a full year profit of $1-$3 million this year, due to higher reinsurance and the costs of moving to a managing agency model…
RACT joins ICA
28 May 2012
Tasmanian personal insurer RACT Insurance has joined the Insurance Council of Australia…
Tower profit up, business review under way
28 May 2012
New Zealand insurer Tower has begun a review of its business, which may lead to mergers, acquisitions, divestments or a capital return…
Paul George steps up at MGA
28 May 2012
Adelaide-based MGA Insurance Brokers has promoted GM Paul George to MD of the company…
IAG hangs out ‘for sale’ sign on UK business
21 May 2012
IAG has effectively put its loss-making UK division on the market, announcing a review of the business with a sale listed as a possible outcome…
Fogarty points to Zurich’s ‘declaration of faith’
21 May 2012
Daniel Fogarty says his appointment as the next CEO of Zurich General Insurance Australia is a “strong declaration of faith” in the company’s existing strategy…