Calliden appoints new general counsel
18 July 2011
Former Moray & Agnew Partner Mikaela Reynoldson has been appointed Chief Counsel of Calliden Group…
Corporate
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…
Tower NZ buys more reinsurance
11 July 2011
Tower NZ has bought more reinsurance to cover another natural catastrophe event…
Contractors Bonding acquires European builders’ warranty underwriter
11 July 2011
New Zealand-based builders’ warranty specialist Contractors Bonding Ltd has expanded into the Spanish market with the acquisition of European Insurance Services Ltd…
Suncorp says reinsurance renewal satisfactory despite higher costs
04 July 2011
Suncorp says it remains on track to record an insurance margin of at least 12% for the 2011/12 financial year despite higher reinsurance costs…
NRMA’s motives over IAG share sale questioned
04 July 2011
The selldown by NSW motoring services body NRMA of a large parcel of IAG shares has raised speculation about the two organisations’ future relationship…
We’re not for sale, says Zurich
04 July 2011
Zurich’s management says the general insurance business in Australia remains strong in a very difficult market and the business is not for sale…
AMI denies takeover bids, but confirms reinsurance
04 July 2011
Troubled New Zealand mutual AMI Insurance denies it’s in buyout talks with opposition insurers, pouring cold water on media speculation that names Suncorp, Tower, and IAG as prospective bidders…
Christchurch’s June 13 earthquake costs IAG $65 million
04 July 2011
IAG expects a maximum net claim cost of $65 million from the earthquakes and aftershocks that shook Christchurch on June 13…
‘My’ trademark bid on hold
04 July 2011
A bid by troubled New Zealand mutual insurer AMI to trademark “My Insurance” has been put on hold following an appeal by several competitors…
GPG puts their man in at Tower NZ
04 July 2011
Guinness Peat Group has placed one of its directors on the Tower NZ board…
Insurers’ stock prices down but not out, say analysts
27 June 2011
Insurers’ share prices have taken a battering this year but analysts say the stocks’ popularity with investors will depend on how much the companies have to pay for reinsurance and whether…
The Rock sells commercial insurance business
27 June 2011
Queensland-based Regional Insurance Brokers has bought The Rock Building Society’s commercial and rural insurance business for $3.25 million…
IAG gets angry UK reception
27 June 2011
Senior IAG executives have received a hostile reception at its London annual general meeting…
Christchurch continues to shake Tower
27 June 2011
Tower NZ is now expecting the Christchurch earthquake to cost it between $NZ15-$20 million ($11.5-$15.4 million) by the end of its September 30 financial year…