Insurance law specialists move
23 April 2012
Eight insurance law specialists at Melbourne law firm Monahan + Rowell – including two partners and their teams – have quit to join Moray & Agnew’s Melbourne office…
Corporate
Moody’s puts Genworth on review
23 April 2012
Moody’s Investor Service has put the financial strength ratings of Genworth Australia on review for a possible downgrade after the lenders’ mortgage insurer warned of a first-quarter loss…
RGL Forensics opens Sydney office
23 April 2012
Global accounting firm RGL Forensics has opened a Sydney office, with Ryan Carruth as head…
Expenses come into focus at QBE
16 April 2012
Incoming QBE Group CEO John Neal has signalled a leaner and meaner company with an increased focus on containing expenses when he takes over the reins of Australia’s largest insurer from Frank O’Halloran…
At last, QBE get its man with Brit deal
16 April 2012
After four years QBE has finally struck a deal to buy a slice of respected UK rival Brit Insurance…
IAG cleared to buy Kurnia
16 April 2012
IAG has conditionally agreed to acquire Malaysian insurer Kurnia after receiving regulatory approval, giving it a leading position in the Malaysian motor insurance market…
Calliden sees rates heading up
16 April 2012
Calliden is achieving significant premium increases in home insurance and strata this year, CEO Nick Kirk says…
IAG completes AMI takeover
16 April 2012
IAG has completed its takeover of Christchurch-based insurer AMI after the Reserve Bank of New Zealand approved the deal…
Herbert Insurance liquidator finds possible legal breaches
16 April 2012
Failed New Zealand broker Herbert Insurance may have broken the law, the company’s liquidator has found…
Insured Group flags ASX listing
16 April 2012
Perth-based Insured Group plans to raise $2.25 million and list on the Australian Stock Exchange while delisting from the New Zealand exchange…
Ansvar switches ratings agencies
16 April 2012
Ansvar Insurance has pulled out of Standard & Poor’s latest outlook report after the ratings agency gave it a BBB+ rating with a stable outlook…
Lockton forms global group
16 April 2012
Global broker group Lockton has created a more formal relationship with its brokers, which includes Perth and Sydney-based Australian Reliance…
Cooper Gay Australia appoints new MD
16 April 2012
Reinsurance broker Cooper Gay Australia has appointed Jon Calverley as its new MD…
WR Berkley appoints CEO for Australia
02 April 2012
Former Axis Specialty COO Tony Wheatley has been appointed CEO of WR Berkley Insurance Australia…
Two becomes one for Suncorp Commercial Insurance
02 April 2012
Suncorp Commercial Insurance has united its direct and intermediated distribution teams under one dedicated division…
Crombie Lockwood buys another brokerage
02 April 2012
Wesfarmers Insurance has signed an agreement for its New Zealand brokerage Crombie Lockwood to acquire the business of ACM Insurances Limited, trading as ACM Ahlers…
Cunningham Lindsey sale could net $US1 billion
02 April 2012
US media reports say global loss adjuster Cunningham Lindsey could be sold for more than $US1 billion ($960 million)…
Suncorp wins consumer award
02 April 2012
Suncorp has been awarded the title of best home, contents and motor insurer for 2012 by consumer group Choice…
QBE raises another $150 million
02 April 2012
QBE’s $150 million retail capital raising has been oversubscribed and the allocation to shareholders will be scaled back…
IAG allocates $350 million under CPS offer
02 April 2012
Insurance Australia Group has completed the bookbuild for its convertible preference share offer…