Centrepoint Alliance gets approval for PIH merger
22 November 2010
Centrepoint Alliance shareholders have approved the merger with Professional Investment Holdings…
Corporate
Insured Group offers shares to creditors
22 November 2010
Listed insurer Insured Group plans to ask shareholders at its AGM in Perth on November 30 to approve paying some creditors with shares to reduce its debt…
Goodbye ‘unworry’ as insurers reposition
22 November 2010
IAG is spending $30 million repositioning a group of key personal lines brands…
Vero expands PI cover
22 November 2010
Vero has upgraded its policy in the super-competitive professional indemnity market, offering a raft of improvements including free legal consultation and compensation for court attendance…
Wesfarmers linked with UK insurer
15 November 2010
Wesfarmers Insurance has declined to comment on a UK report saying the company is “stalking” mid-sized British insurer Barbon…
Positive result for Allianz Australia
15 November 2010
Allianz Australia’s gross written premium rose by 9.4% to $848.9 million in the third quarter ending September 30…
Suncorp announces new unit
15 November 2010
Suncorp has developed a new statutory division in a bid to strengthen its Commercial Insurance leadership team and create greater growth options…
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…
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…