Hollard in China move
24 October 2011
Hollard Insurance has signed an agreement which will give it access to the lucrative Chinese market…
Corporate
Zurich brings NZ operation under one roof
24 October 2011
Zurich General Insurance CEO Shane Doyle says his company’s role as a major global insurer gives it an important point of differentiation in the New Zealand market…
Midland grows with purchase of broker James Wiltshire
24 October 2011
Melbourne-based Midland Insurance Brokers has acquired suburban brokerage James Wiltshire in a move that Midland MD Terry Lane says positions the company to capitalise on rapid growth…
Suncorp cleans up life structure
24 October 2011
Suncorp plans to transfer Asteron polices into a single entity to be known as Suncorp Life and Superannuation Ltd from January 1 next year…
DCS opens Brisbane office to handle property
24 October 2011
Claims services company DCS has opened its second Australian office in Brisbane to cater to Queensland property clients…
Willis offshores Australian roles to India
17 October 2011
Willis Australasia is laying off some of its administrative staff in Australia and is offshoring their roles to the group’s global service centre in Mumbai…
AFM acquisition takes Ausure into wholesale broking
17 October 2011
Ausure Insurance Brokers has bought specialist wholesale broking operation AFM Insurance Brokers for an undisclosed sum…
RACQ commits to flood cover
17 October 2011
RACQ Insurance has joined the growing list of insurers looking to add flood cover as standard in their householder policies…
NZ Treasury values AMI Insurance at $NZ159 million
17 October 2011
The New Zealand Treasury has put a fair value of $NZ159 million ($124 million) on AMI Insurance, which had to seek a government rescue package in April due to claims…
IAG NZ makes first moves back into Canterbury
17 October 2011
IAG NZ has reinstated standard underwriting for home and contents insurance in the outer Canterbury region…
QBE given Lloyd’s Solvency II green light
17 October 2011
QBE is among four managing agents to be given a “green light” under the traffic light system Lloyd’s is using to measure progress on Solvency II…
CGU ‘changed procedures’ after Brisbane flood
10 October 2011
CGU has taken action following the Queensland floods to ensure that customers know they can ask for a site assessment, CEO Peter Harmer told the Queensland Floods Commission of Inquiry last week…
Insurer fixes post-disaster communication issue
10 October 2011
NRMA Insurance has told the Queensland Floods Commission of Inquiry it implemented a new system to allow for better communication with clients following the January disaster…
Investors rake over AMI’s remains
10 October 2011
A new lead investor or owner for beleaguered New Zealand insurer AMI will be revealed within weeks…
ACC sells injury manager to Employers Mutual
10 October 2011
New Zealand’s Accident Compensation Corporation has sold subsidiary company Catalyst Risk Management to Australian workers’ compensation manager Employers Mutual…
HIH liquidation on track for 2013
10 October 2011
The administrators of the remaining 63 HIH companies in liquidation are still on track to finalise the schemes of arrangement in 2013…
Vero wants more of SME market
10 October 2011
Vero has revised its pricing model for SME business in a bid to lift its market share in this segment…
Dual expands its A&H capacity
10 October 2011
Underwriting agency Dual Australia has signed a deal with Lloyd’s syndicate Markel to expand its Lloyd’s capacity…
Insured Group suspended from NZX
10 October 2011
Insured Group has been suspended from the New Zealand Stock Exchange for failing to lodge its audited annual report for the 2010/11 financial year…
CGU expands installment billing option
10 October 2011
CGU Insurance is now offering installment billing on its business and office packages…