QBE creates new investor role
15 August 2011
QBE has appointed a global head of investor relations and communications in a newly created group executive role…
Corporate
Ebix turns in a solid result
15 August 2011
Insurance software and e-commerce company Ebix has posted a strong profit for the second quarter…
NZ’s hardening rates attract foreign interest
15 August 2011
Foreign insurers are beginning to react to the steep rate increases in New Zealand following the Christchurch earthquakes and new perceptions of the country’s risks…
Higher claims hit CommInsure’s income and profits
15 August 2011
CommInsure’s income for the 2011 financial year was down 9% to $856 million due to high claims from both the wholesale and retail business…
Lloyd’s probes reserving at IAG syndicate
15 August 2011
Lloyd’s has begun an investigation into reserve deterioration at the IAG-owned Equity Syndicate 218, according to reports…
CGU restructures leadership team
08 August 2011
CGU has announced a series of changes to its leadership team to better enable it “to deliver against its business strategy, now and in future”, CEO Peter Harmer says…
Tokio Marine appoints new Australia CEO
08 August 2011
Tokio Marine has confirmed the appointment of Jun Matsui as the new CEO of its Australian operations, as former chief Masayuki Mizunuma returns to Japan after five years in the job…
S&P keeps IAG’s ratings at AA-
08 August 2011
IAG’a AA- financial strength rating for its core operating companies has been affirmed by Standard & Poor’s, with a stable outlook…
Hollard joins UAC alliance
08 August 2011
The Underwriting Agencies Council has named Hollard Insurance as its third and final strategic partner…
Ace appoints new accident & health chief
08 August 2011
Andrew Nisbet has been appointed the new Head of Accident & Health for Ace Insurance’s Australia and New Zealand division…
Correction: Affinity Insurance Brokers
08 August 2011
Last week’s bulletin said MGA Insurance Brokers had moved into the Melbourne market with the acquisition of a portfolio from “Affinity Insurance Brokers”…
Suncorp’s Christchurch losses surpass $2 billion
01 August 2011
Suncorp’s gross losses from February’s Christchurch earthquake continue to mount, surpassing $2 billion…
MGA expands to Melbourne
01 August 2011
MGA Insurance Brokers is expanding its reach to Melbourne with the addition of two new offices, establishing the Adelaide-based company as a truly national enterprise…
Ace Australia rating upgraded
01 August 2011
Ratings agency Standard & Poor’s has upgraded its counterparty credit and financial strength ratings for Ace Australia to AA- from A+…
IAG faces Lloyd’s Names fight
01 August 2011
Lloyd’s Names are considering legal action against the management of two Lloyd’s motor syndicates, including one owned by IAG…
Good year for CommInsure
01 August 2011
The Commonwealth Bank has reported insurance inforce premiums were up 3% for the year ending June 30…
Aon wins Australian Business Award
01 August 2011
Aon has won an Australian Business Award for innovation for its WorldAware Solutions travel program…
McLenaghan out, Fagen in as QBE returns to 2010 structure
25 July 2011
Vince McLenaghan, who several years ago was predicted to succeed Frank O’Halloran as CEO of QBE, has left the company after a restructure…
Willis CEO moves to QBE NZ
25 July 2011
Willis Australasia CEO Bill Donovan has resigned to take up a new position dealing with international brokers at QBE New Zealand…
Platinum pulls out of Australasia
25 July 2011
Bermuda-based Platinum Underwriters has confirmed it has stopped writing reinsurance in Australia and New Zealand…