Ansvar switches ratings agencies
16 April 2012
Ansvar Insurance has pulled out of Standard & Poor’s latest outlook report after the ratings agency gave it a BBB+ rating with a stable outlook…
Corporate
Lockton forms global group
16 April 2012
Global broker group Lockton has created a more formal relationship with its brokers, which includes Perth and Sydney-based Australian Reliance…
Cooper Gay Australia appoints new MD
16 April 2012
Reinsurance broker Cooper Gay Australia has appointed Jon Calverley as its new MD…
WR Berkley appoints CEO for Australia
02 April 2012
Former Axis Specialty COO Tony Wheatley has been appointed CEO of WR Berkley Insurance Australia…
Two becomes one for Suncorp Commercial Insurance
02 April 2012
Suncorp Commercial Insurance has united its direct and intermediated distribution teams under one dedicated division…
Crombie Lockwood buys another brokerage
02 April 2012
Wesfarmers Insurance has signed an agreement for its New Zealand brokerage Crombie Lockwood to acquire the business of ACM Insurances Limited, trading as ACM Ahlers…
Cunningham Lindsey sale could net $US1 billion
02 April 2012
US media reports say global loss adjuster Cunningham Lindsey could be sold for more than $US1 billion ($960 million)…
Suncorp wins consumer award
02 April 2012
Suncorp has been awarded the title of best home, contents and motor insurer for 2012 by consumer group Choice…
QBE raises another $150 million
02 April 2012
QBE’s $150 million retail capital raising has been oversubscribed and the allocation to shareholders will be scaled back…
IAG allocates $350 million under CPS offer
02 April 2012
Insurance Australia Group has completed the bookbuild for its convertible preference share offer…
AM Best downgrades Ansvar NZ run-off operator
02 April 2012
Ratings agency AM Best has downgraded the financial strength rating of Ansvar New Zealand’s run-off operator ACS to B+ (Good) from B++ (Good) and its issuer credit rating to “bbb-” from “bbb”…
Cunningham Lindsey for sale
26 March 2012
Major global loss adjuster Cunningham Lindsey is likely to be sold this year after its two leading private equity owners decided to realise profits…
Catastrophes don’t deter Lloyd’s, says Asia Pacific chief
26 March 2012
The recent string of natural catastrophes in Australia hasn’t deterred Lloyd’s from pursuing business in this country, the market’s most senior manager in the region says…
Aon strengthens placement capabilities
26 March 2012
Aon is doubling the size of its placement team with a range of newly created roles…
Finance Sector Union keeps up pressure on Suncorp
26 March 2012
The Finance Sector Union has called on Suncorp to be “more open” about offshoring jobs…
Insured Group gets time to recruit an NZ director
26 March 2012
The New Zealand Stock Exchange has given Insured Group a three-month waiver to allow it to recruit another local director…
OAMPS boosts corporate and specialty team
26 March 2012
Wesfarmers-owned OAMPS Insurance Brokers has appointed Paul Evans as Corporate and Specialty Practice Team Leader in Sydney…
Steadfast moves closer to public float
19 March 2012
Steadfast took a major step towards becoming a public listed company on Saturday when shareholders of the broker group voted in favour of crucial structural changes…
CGU promises brokers a more streamlined service
19 March 2012
IAG CEO Mike Wilkins has promised brokers a more streamlined service from the group’s intermediated CGU business…
Ebix up on strong quarter
19 March 2012
Surging growth in exchanges and broker systems has carried US-based software provider Ebix to full-year net income of $US71.4 million ($67.77 million), up 21% on the previous year…