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…
Corporate
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…
ACORD approves new standard docs
19 March 2012
Australian brokers now have access to standardised forms for home and personal motor insurance under new templates approved by the Association for Co-operative Operations Research and Development…
Guild appoints new leadership team
19 March 2012
Guild Insurance has made appointments to its core leadership team as it rolls out expansion plans…
Telephone still dominates direct market, says IAG
19 March 2012
The telephone still accounts for 60% of IAG’s direct sales, with the internet only generating 15% of business, according to IAG Australia Direct CEO Andy Cornish…
Suncorp pays claims by card
19 March 2012
Suncorp has begun to issue claims payments in the form of prepaid Visa cards, giving policyholders fast access to emergency funds in times of disaster…
Sportscover creates new specialty lines division
19 March 2012
Sportscover Syndicate 3334 has created a new specialty lines division for its existing bloodstock and contingency lines of business…