14 June 2011
The report says Western Pacific has received $NZ41.2 million ($31.7 million) in total earthquake claims, of which $NZ14.5 million ($11.1 million) relates to the September quake and…
14 June 2011
CGU has acquired the general insurance business of WA-based health fund HBF, and says it will generate more than $100 million of gross written premium annually…
14 June 2011
Zurich Australia General Insurance will continue to offer flood cover as standard to its commercial insurance customers, despite the flood losses experienced over the summer…
14 June 2011
Lloyd’s underwriters in Australia reported a combined surplus of $392.23 million in the 12 months to December 31, according to data from the Australian Prudential Regulation Authority…
14 June 2011
OAMPS UK, a subsidiary of local Wesfarmers-owned broker OAMPS, has acquired a team and book of life sciences business from UK firm Giles Insurance Brokers…
14 June 2011
Ratings agency AM Best has maintained troubled New Zealand insurer AMI’s downgraded financial strength ratings following the insurer’s reinsurance negotiations, but changed the ratings…
14 June 2011
Reinsurance broker Guy Carpenter has appointed Canadian Jonathan Stephenson as its new Australian MD and CEO of the firm’s Pacific region…
14 June 2011
Guinness Peat Group’s new internal investment committee is working to dispose of its stakes in various companies for the best possible price, Chairman Rob Campbell told its AGM in Auckland…
06 June 2011
AAMI says its decision to close its national network of offices has been taken because most people now use phone or online facilities to buy insurance…
06 June 2011
Wesfarmers Insurance’s earnings for this financial year will be at the lower end of its recent $60-80 million forecast, due to the cost of reinsurance reinstatements…
06 June 2011
Suncorp CEO Patrick Snowball has described negotiations with reinsurers over its July 1 renewal as a “Mexican stand-off”…
06 June 2011
Zurich General Insurance is set to manage all of its underwriting services for the SME and package business from Sydney…
06 June 2011
Vero New Zealand’s new CEO Gary Dransfield says questions need to be raised over the structure and conduct of the NZ general insurance industry following the earthquakes and “difficulties”…
06 June 2011
Brit Insurance has established a new Lloyd’s service company in Sydney to handle property reinsurance…
30 May 2011
Suncorp’s short-term profitability has been impacted significantly by the year’s natural disasters, but the group’s general insurance business is working towards an increase of at least 3% in…
30 May 2011
Major loss adjuster MYI Freemans will be known as Cerno from July 1…
30 May 2011
Vero NZ’s new CEO Gary Dransfield has taken over the role four months earlier than previously announced…
30 May 2011
Tower NZ has seen its after-tax profit for the half year ending March 2011 fall 54.1% to $NZ12.7 million ($9.7 million)…
30 May 2011
Lawsons Underwriting is expanding its operation to Melbourne, saying it’s an exciting opportunity to set up in the “country’s heartland”…
30 May 2011
Mondial Assistance Australia is to become Allianz Global Assistance in July as part of a global rebranding…