Online provider to take over Insured Group
03 October 2011
Control of NZ-listed Insured Group will pass to online service provider Priority One Network Group when it lists later this year…
Corporate
Reports link QBE to HSBC insurance business
03 October 2011
QBE is among the names mooted to be running a ruler over HSBC Bank’s general insurance business, which sells both personal and commercial lines products in the UK, France, Hong Kong and…
Trio forms caravan park underwriting agency
03 October 2011
Cairns-based broker Joe Vella has joined forces with NSW underwriter Julie Pernecker and Hollard Insurance to form a new caravan park underwriting agency…
Scala takes global distribution role at QBE
26 September 2011
QBE Group’s US-based President, Intermediary Distribution, Mike Scala, has taken over responsibility for global distribution following the retirement of Terry Ibbotson…
Zurich puts earthquake cover on hold
26 September 2011
Zurich has advised New Zealand brokers that it will no longer write new earthquake business in most of the country, including Wellington…
Allianz to introduce flood cover in NSW
26 September 2011
Allianz has confirmed it will begin offering riverine flood cover as part of its home insurance policies in NSW by the end of the year…
Quakes blow out AMI results
26 September 2011
Troubled New Zealand mutual AMI Insurance is weighing up approaches from potential new investors and has hired corporate advisors Goldman Sachs to help raise new capital…
QBE expands senior executive team
19 September 2011
QBE has expanded its executive team and announced a new role of EGM Claims…
Zurich scuttles pleasurecraft business
19 September 2011
Zurich-owned Associated Marine will pull out of the private pleasurecraft market from the end of this month…
Lumley unveils new packages
19 September 2011
Lumley Insurance is now offering flood cover for home and landlord insurance and three-in-one motor vehicle deals for SMEs in two new packages announced at the National Insurance Brokers Association…
Herbert liquidator flags professional indemnity claim
19 September 2011
The receivers and liquidators of Herbert Insurance Group have notified the failed insurer’s professional indemnity insurers of potential claims…
Ebix tops Fortune rankings
19 September 2011
Insurance technology company Ebix, which owns the Sunrise Exchange online transaction platform, has been ranked the world’s fourth-fastest growing technology company by US business magazine…
McLarens Young International in aviation claims deal
19 September 2011
Global loss adjuster McLarens Young International has acquired Airclaims, an aviation claims and technical adviser…
Analyst: QBE ‘shifting focus to US’
12 September 2011
Merrill Lynch research analyst Andrew Kearnan says QBE is becoming “increasingly US-centric” in its search for growth…
Wilkins claims IAG’s UK turnaround is on track
12 September 2011
Insurance Australia Group CEO Mike Wilkins says the group’s turnaround strategy for the UK is on target, despite persistent rumours it is looking to offload the underperforming business…
Centrepoint reports $13 million loss
12 September 2011
Centrepoint Alliance has reported a loss of $13.1 million for the 12 months ending June 30, despite revenue being up 2% to $58.3 million…
Swann chief gets another role at CGU
12 September 2011
CGU Insurance has appointed Swann Insurance GM Stuart Chapman as its new CFO…
Terry Ibbotson retires from QBE
05 September 2011
Popular industry stalwart Terry Ibbotson has retired from QBE, stepping down as its Global Head of Distribution…
Western Pacific expects $NZ14 million claim shortfall
05 September 2011
Failed New Zealand insurer Western Pacific is expected to have a claims shortfall of $NZ14.2 million ($11.3 million), according to the latest report to creditors…
Insurers face global storm of issues, says Snowball
05 September 2011
Insurance industry leaders around the world are facing a “global storm” of economic, political and climate issues, according to Suncorp Group CEO Patrick Snowball…