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…
Corporate
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…
Snowball departure rumours dog Suncorp
05 March 2012
UK media reports have linked Suncorp CEO Patrick Snowball with the chairman’s job at UK insurer Direct Line Group…
Lumley reshuffles executive positions in move to regional structure
05 March 2012
Lumley Insurance is restructuring to give more autonomy to regional managers…
Losses slow down at Insured Group
05 March 2012
Insured Group has reported another loss for the six months ending December 31, although it was less than in the corresponding period in 2010…
IAG expects strong premium growth this year
27 February 2012
IAG is aiming for 8-10% growth in gross written premium (GWP) this financial year due to strong business growth and premium increases…
Suncorp rises, but insurance falls
27 February 2012
Suncorp has banked a 74% rise in net profit driven by surging life and banking returns but the group’s general insurance result fell flat…
Day sees light on industry’s disaster response
27 February 2012
The insurance industry’s response to natural catastrophes has come a long way since last year’s floods, according to Suncorp Commercial Insurance CEO Anthony Day…
Austbrokers up in first six months
27 February 2012
Listed broker cluster Austbrokers has raised its sights on an improved full-year result after tabling a 29% boost in net profit after tax for the first six months of the financial year…
Calliden plans return to profit this year
27 February 2012
Calliden plans to return to profit this year as it moves to a managing general agent model, CEO Nick Kirk says…
IBNA to relaunch, rename broker software
27 February 2012
IBNA’s stalled broker management system is to be relaunched after the broking cluster and system’s designer parted ways last year…
Zurich boosts claims chief’s role
27 February 2012
Zurich Australia has strengthened its general insurance claims team with the appointment of Chief Claims Officer Stephen Brooks to the additional post of EGM Claims…
Insurance Advisernet moves into UK market
20 February 2012
Insurance Advisernet Australia has moved into the UK market with the acquisition of retail broker Worldwide Sports Insurance…
Natural disasters continue to batter Wesfarmers Insurance
20 February 2012
Wesfarmers Insurance has slumped to a $17 million profit for the six months to December 31, with natural disasters, low interest rates and reinsurance costs all affecting its bottom line…
Aon to make 70 staff redundant
20 February 2012
Aon Australia will make about 70 staff redundant across the business, which it says is in response to changing market conditions…