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…
Corporate
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…
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…
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…