Austbrokers buys film insurance underwriter
20 February 2012
Austbrokers is expanding its film and television insurance business with the purchase of Film Insurance Underwriting Agencies…
Corporate
Priority One takes smaller stake in Insured Group
20 February 2012
Priority One Network Group has taken a reduced stake in Insured Group as part of a share swap between the two companies…
GIO makes CTP purchases mobile
20 February 2012
Suncorp subsidiary GIO has optimised its website for smartphones due to rising demand from customers…
Chartis continues with defence policies
13 February 2012
Chartis has denied it is pulling out of offering personal accident cover for Australian Defence Force members…
More Suncorp workers face the chop as offshoring gathers pace
13 February 2012
Suncorp has announced plans to offshore another 65 jobs to India, this time from its accountancy, close and reporting functions…
UK marine insurers formalise their open relationship
13 February 2012
Leading UK marine insurers Sunderland Marine Mutual Insurance and North East P&I Association have formed a strategic alliance, starting with a reinsurance deal…
PSC takes a stake in the west
13 February 2012
Sydney-based PSC Insurance Group has achieved its goal of national coverage with the acquisition of WA brokerage McKenna Hampton Insurance Brokers…
Tower ‘too conservative’ in AMI bid
13 February 2012
Tower Group Chairman Bill Falconer says the company was too conservative in its bid to buy troubled insurer AMI…
Suncorp denies it’s sending 2000 jobs to India
06 February 2012
Suncorp has denied Indian media reports that 2000 jobs will be relocated to the subcontinent in the latest furore over outsourcing…
CGU and Aon look at restructuring
06 February 2012
Staff at commercial insurer CGU and broker Aon are waiting to see if recently commenced corporate restructures will result in redundancies…
Guild rebrands intermediary division as Acerta
06 February 2012
Acerta is the new name of Guild Insurance’s intermediary division…
CGU names new division’s managers
06 February 2012
CGU has unveiled the management team leading its new Broker and Agent division…
IAG firm faces the wrath of Lloyd’s over its UK woes
06 February 2012
An IAG subsidiary has been censured by Lloyd’s over issues relating to past reserving and record keeping within its UK business, Equity Syndicate Management…
Court directs Western Pacific reinsurance money to earthquake claims
06 February 2012
New Zealand’s High Court has ruled that earthquake claimants are entitled to all the reinsurance money from Western Pacific, meaning the failed insurer’s creditors will probably receive nothing…
Centrepoint launches domestic funding
06 February 2012
Exemptions granted to premium funders under consumer credit laws and the rising costs of insurance have prompted Centrepoint Alliance to launch a new domestic product…
Miller Insurance changes name to MA Risk Solutions
06 February 2012
Miller & Associates has changed its name to MA Risk Solutions and is now wholly Australian-owned after the company’s directors and staff bought the 25% owned by Lloyd’s broker Miller Insurance Services…
Correction
06 February 2012
A news item last week (Chartis centralises prestige house and contents group) contained two inaccuracies…
Losses continue to grow at Calliden
30 January 2012
Calliden Group has said its unaudited loss for the 2011 calendar year will be between $11.5 and $12.5 million:
QBE performance wobbles
30 January 2012
Shares in QBE are wallowing in the doldrums after it warned in mid-January of a 40-50% profit and dividend cut…
Disasters bite into Wesfarmers’ insurance profit
30 January 2012
Wesfarmers Insurance Division has warned it will suffer a 75% fall in net profit in the first half of the financial year…