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+…
Corporate
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…
Gold Coast brokers merge
25 July 2011
Southport-based Wymark Insurance Brokers and Surfers Paradise-based Sirius Risk Services have merged to create Wymark Sirius Insurance Brokers…
Insurance brands win trust despite flood criticism
25 July 2011
Insurance brands are maintaining a trusted stance despite ongoing industry criticisms in response to the Queensland floods, and NRMA Insurance is leading the charge, according to the 2011…
Civic Assurance to approach shareholders for more capital
25 July 2011
New Zealand-based local government insurer Civic Assurance is working to get back into the property market and will approach its shareholders for a capital injection…
Zurich appoints new chief actuary
25 July 2011
Zurich has announced the appointment of former KPMG partner David Whittle as Chief Actuary of its Australian and New Zealand businesses…
Associated Marine loses MD in restructure
18 July 2011
Associated Marine MD Stephen Ford will leave the Zurich-owned underwriting agency next month under a restructure that will see the business integrated more closely with the primary business…
Ironshore enters Australian market targeting complex corporate risk
18 July 2011
US-based specialty insurer Ironshore Inc has expanded to Australia, where it is targeting the market for large, complex corporate risks…
Calliden appoints new general counsel
18 July 2011
Former Moray & Agnew Partner Mikaela Reynoldson has been appointed Chief Counsel of Calliden Group…
Wesfarmers’ reinsurance costs up
11 July 2011
Wesfarmers Insurance has renewed its reinsurance program until June 30, 2012 with increases in its catastrophe cover…
Sunrise Exchange reaches key milestones
11 July 2011
Ebix’s Sunrise Exchange trading platform surpassed six million transactions in the year to June 30, accounting for gross written premium of $2.07 billion…
Insurance House expands to NSW with Surety & General
11 July 2011
Melbourne-based Insurance House Group has expanded into NSW with the acquisition of North Sydney-based Surety & General…
QBE slashes IT jobs
11 July 2011
QBE has made significant cuts to its IT department following the implementation of a new operating model…
IAG extends notes
11 July 2011
IAG has extended the terms of its £157 million ($233.5 million) subordinated exchangeable notes issue which was issued last year…
Marsh group companies to centralise in Melbourne
11 July 2011
Companies in the Marsh & McLennan group will move to a new Melbourne office in 2013, centralising the group’s presence in the city…