Revenue growth for Marsh’s local operations
15 November 2010
Mega-broker Marsh’s Asia-Pacific operations recorded revenue of $US125 million ($126 million) for the three months ending September 30…
Corporate
Earthquake doesn’t shake AMI profits – yet
15 November 2010
NZ mutual insurer AMI has posted a record profit for the 2009/10 financial year, although its results don’t take into account September’s Canterbury earthquake and the Southland snowstorm…
MB increases limits in QBE deal
15 November 2010
Speciality vehicle underwriting agency MB Insurance Group says joining forces with QBE will lead to increased third-party property damage limits…
Axis partners with SUA
15 November 2010
Specialist Underwriting Agencies will move its underwriting to Axis Specialty Australia following a move away from Lumley last month…
Principal rolls out exempt product
15 November 2010
Adelaide-based premium funder Principal Finance is rolling out a new product built around the company’s National Credit Code exclusion…
Munich Re shuffles Australian operations
08 November 2010
Munich Re America will apply to the Federal Court to transfer its direct insurance contracts written by the Australian branch of the company to Great Lakes Re (UK) in Sydney…
Suncorp AGM ‘not the right place’ for award talks
08 November 2010
Plans by the Financial Services Union to use the Suncorp AGM in Brisbane last week to draw attention to an enterprise bargaining impasse failed when Chairman John Story gagged debate…
Zurich aims for big price cuts
08 November 2010
Zurich Australia is intensifying the battle for market share in commercial lines by using its upgraded online platform to cut pricing by as much as 20%…
Less risk equals more profit
08 November 2010
Leading medical indemnity insurer Medical Insurance Group Australia says a reduction in claims due to increased risk management education has bolstered its profits, allowing it to earn almost…
Slow growth for Westpac insurance
08 November 2010
Sales of insurance products at Westpac were up 3% to $197 million during the 12 months to September 30…
Clarification: QBE appointment
08 November 2010
In insuranceNEWS.com.au on November 1 we reported that John Neal is to assume a new role at QBE under which the group’s divisional CEOs, Global Head of Distribution, Group Actuarial Officer…
QBE names new Global Underwriting CEO
01 November 2010
QBE has appointed a new CEO of Global Underwriting Operations whose responsibilities within the group place him at a virtual Number Two position to Group CEO Frank O’Halloran…
IAG keeps UK assets, talks up Asia
01 November 2010
IAG will retain its UK operations while pursuing new opportunities in China as part of a multi-year plan to place the business on a sounder footing…
Suncorp moving to simpler structure
01 November 2010
Suncorp is aiming to “simplify” its ownership by moving the group into a non-operating holding company structure…
Lumley and SUA part company
01 November 2010
Lumley and Specialist Underwriting Agency are ending their 15-year underwriting relationship…
Low yields affect earnings, says Drabsch
01 November 2010
QBE has blamed continued medium-term pressure on earnings on low investment yields…
Lumley honours fleet operators
01 November 2010
Mission Australia and Beaumont Transport were among the winners at this year’s Lumley Insurance Motor Benchmark Awards…
Snowball keeps his profile up in UK
25 October 2010
Suncorp CEO Patrick Snowball has made clear his wish to return to the UK at the completion of his current contract…
Calliden gets settlement in purchase dispute
25 October 2010
Calliden Group will receive $3.4 million in settlement of its dispute with Australian Unity over the sale of the mutual’s general insurance business…
Chartis claims a ‘first’ for management liability cover
25 October 2010
Chartis has announced the release of a new management liability product that it claims is an Australian “first”…