IAG adopts UN sustainability principles
25 June 2012
IAG is the only Australian insurer to become a signatory to the United Nations Principles for Sustainable Insurance, joining 26 other insurers worldwide…
Corporate
NRMA Insurance closes NSW south coast offices
25 June 2012
NRMA Insurance will outsource services at two offices on the NSW south coast and close four other agencies in the area…
Ansvar claimants vote yes, but regulator has doubts
18 June 2012
Ansvar policyholders in New Zealand have voted in favour of a contingency scheme for settling claims should the company’s financial position deteriorate…
Ansvar CEO hits back at local rumours
18 June 2012
Ansvar CEO Andrew Moon has denied rumours the Melbourne-based company is losing business and has staffing issues…
Chartis develops appetite for big property risks
18 June 2012
Chartis will throw its doors open around the world to large commercial property risks by introducing high-limit property covers of up to $US1.5 billion per risk – of which it will be the sole insurer…
Lloyd’s underwriting surplus falls
18 June 2012
Lloyd’s underwriters made a surplus of $323.09 million in calendar 2011, according to the latest general insurance figures from the Australian Prudential Regulation Authority…
EQC reinsurance cost rises 50%
18 June 2012
The Earthquake Commission is paying 50% more for reinsurance this year, but the higher cost of cover is drawing reinsurers to the New Zealand market…
Suncorp expands pricing engine focus
18 June 2012
Suncorp Group has announced it will now use its General Insurance Pricing Engine for all its SME products across its Vero, AAMI, AMP General and GIO brands…
Berkshire to write Suncorp NZ cat cover: UK report
12 June 2012
Berkshire Hathaway has agreed to write all Suncorp’s New Zealand catastrophe cover, according to London website Insurance Insider…
IAG loses its Buzz
12 June 2012
IAG has announced it will close its online-only business, Buzz Insurance, due to the “ongoing investment required to build sufficient awareness of a relatively new brand”…
Liberty moves in on Perth
12 June 2012
Specialist lines insurer Liberty International Underwriters has opened an office in Perth, rounding out its coverage of the Australian market…
Swiss Re appoints new Asia-Pacific head
12 June 2012
Swiss Re Corporate Solutions has appointed Ted Hodgkinson as Head of Asia Pacific, based in Singapore…
Willis announces Gatto replacement
12 June 2012
Global broker Willis has appointed Chris Nelson as MD Placement Services for Willis Australia and New Zealand, effective immediately…
NZ’s Civic re-entering market after securing reinsurance
12 June 2012
New Zealand local government insurer Civic Assurance is re-entering the property insurance market after securing reinsurance for the coming year…
Allianz Global Assistance appoints NZ chief
12 June 2012
Phil Hibbert has taken the new role of EM at the New Zealand operations of Allianz Global Assistance…
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”…
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…