Former ICA chief joins A&G board
19 March 2012
Former Insurance Council of Australia CEO Alan Mason has been appointed to the board of insurer Auto & General…
Corporate
IAG offering aims to raise $350 million
19 March 2012
IAG is raising $350 million through the issue of convertible preference shares…
CGU shakeup to cut 600 roles
12 March 2012
Intermediated insurer CGU has begun speaking with staff over plans to cut 600 roles over the next three years under a $75 million realignment of its business…
QBE expands South American, Asian reach
12 March 2012
QBE has snared the Argentinian and Hong Kong insurance businesses of global bank HSBC as part of a $US914 million ($862.8 million) offloading of non-core assets…
QBE ups the ante in reinsurance
12 March 2012
QBE has signalled an increased appetite for reinsurance risk with a plan to consolidate its global reinsurance structure…
Investigation into failed broker nears end
12 March 2012
New Zealand’s Serious Fraud Office is close to concluding its investigation into the failed broker Herbert Insurance Group…
Brokers settle legal action
12 March 2012
Sydney broker Savill Hicks Corp has settled its legal action against fellow broker Irecon Insurance Services…
A good year for Allianz Australia
12 March 2012
Allianz Australia has reported gross written premium growth of 9% to $3.4 billion for the 12 months ending December 31…
NZ regulator censures Insured Group
12 March 2012
Insured Group has been censured by the New Zealand Markets Disciplinary Tribunal and fined $NZ50,000 ($38,615) for breaches of the New Zealand Stock Exchange listing rules…
New CEO for Auto & General
12 March 2012
Australian Insurance Holdings has appointed former Bank of Queensland COO Ram Kangatharan as its MD and CEO…
Allianz launches new marine business
05 March 2012
Allianz Australia has launched a new specialist marine underwriting agency called Allianz Marine & Transit…
QBE steadies ship on optimistic outlook
05 March 2012
QBE’s flagging stock price has received a boost amid early signs of recovery and an oversubscribed $600 million share placement…
O’Halloran era coming to an end
05 March 2012
QBE CEO Frank O’Halloran has delivered his 14th and final annual report as his heir apparent and current Global Underwriting CEO John Neal prepares to take the reins of the global insurer…
QBE tests corporate governance rules
05 March 2012
While QBE CEO Frank O’Halloran’s move to the board next year has not raised concerns among investors, the insurer does not seem to be following the Australian Securities Exchange’s…
IAG gets green light to buy AMI
05 March 2012
New Zealand’s Commerce Commission has granted IAG approval to acquire AMI Insurance, minus the Christchurch-based insurer’s earthquake claims…
Calliden begins transition process
05 March 2012
Calliden is shedding “a small number” of positions as it moves to a new operating model and cuts costs by up to 15% this year…
MGA buys Adelaide broker from receivers
05 March 2012
MGA Insurance Brokers has bought Adelaide-based Barker Meier from the company’s receivers KordaMentha for an undisclosed sum…
CGU drops out of ACORD
05 March 2012
CGU has not renewed its membership of the international insurance standards body, the Association for Co-operative Operations Research and Development, after deciding it…
Cunningham Lindsey deal grows forensic accounting presence
05 March 2012
Loss adjuster Cunningham Lindsey has acquired the Australian operations of forensic accounting firm RGL Forensics…
Cover-More buys Shanghai medical assistance company
05 March 2012
Cover-More Group has bought Shanghai-based medical assistance company, Assistance Online, as part of a push into Asia…