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…
Corporate
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…
Ansvar recruits OAMPS claims chief
30 July 2012
Ansvar Insurance has appointed OAMPS Head of Claims Phil Gare as its new GM Claims…
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-”…