Ibbotson promoted to global role at QBE
27 April 2010
QBE CEO Australian Operations Terry Ibbotson will step up to a new global intermediary role as the insurer seeks to capitalise on emerging international opportunities in the sector…
Corporate
New marine underwriting agency for Great Lakes Australia
27 April 2010
A former Associated Marine MD has been appointed to lead a new marine underwriting agency that will focus primarily on the large corporate sector…
Suncorp directors retire
27 April 2010
Two Suncorp non-executive directors have retired from the board following the company’s decision in November to relax its Queensland residency rules…
Life highlight of local Axa growth
27 April 2010
Financial protection products were the standout performer for local Axa Asia Pacific operations during the first quarter with a 12% rise in Australian new business…
QBE makes another US acquisition
19 April 2010
QBE Group has advanced its product diversification drive with an agreement to acquire US specialist insurer NAU Country Insurance…
Calliden ‘extremely pleased’ by legal win
19 April 2010
Calliden Group’s legal stoush with Australian Unity ended last week with a court finding Australian Unity breached the terms of a sale agreement between the companies…
MacBank banks on cheap AIG jets
19 April 2010
After being forced to relinquish many of its most prized business assets, fallen US insurer AIG has added its more expensive toys to its multi-billion dollar garage sale…
Perth company succeeds with NZ listing
19 April 2010
Broking and underwriting agency Australian Consolidated Insurance Ltd has succeeded in its plan to “reverse list” on the New Zealand Stock Exchange…
Wesfarmers’ long-term rating upgraded
19 April 2010
The long-term credit rating of diversified conglomerate Wesfarmers has been upgraded to positive on an improved operating performance, future-focused approach…
Lloyd’s man in Australia recalled to London
12 April 2010
Lloyd’s Regional Manager for Asia Pacific, Keith Stern, is relocating to the UK after a 10-year stint in the market’s Sydney office…
Pacific Premium Funding opens in NZ
12 April 2010
Pacific Premium Funding has launched operations in New Zealand, describing the market as a “good fit” for the business…
Willis builds Queensland base
12 April 2010
Willis has bulked up its Queensland presence with the purchase of Brisbane-based broker Glencairn MacDermott…
MYI Freemans boss quits
12 April 2010
MYI Freemans CEO Martin Hartcher has resigned, with Chairman David Ryan stepping into the role in an interim capacity…
Centrewest buys Steadfast stablemate
12 April 2010
Perth-based brokerage Centrewest Insurance Brokers has acquired fellow Steadfast member Brookman Porter for an undisclosed sum…
Kmart joins crowded car insurance market
29 March 2010
Wesfarmers-owned Kmart plans to sell a car insurance product through its Tyre and Auto chain…
Swiss Re recalls Higginbotham to London
29 March 2010
Swiss Re’s Head of Client Markets for Australia and NZ Russell Higginbotham is returning to London in May after nearly four years in Australia to become Head of Swiss Re UK and Ireland…
Bank of Queensland buys St Andrews
29 March 2010
The Commonwealth Bank has sold the insurance assets of St Andrews Insurance to the Bank of Queensland for an undisclosed sum…
MCS, not MCS, shutting down
29 March 2010
Technical consulting group MCS has moved to scotch reports it was shutting down after a Swedish-owned division of the same name announced the closure of its Australian offices…
Redundancies follow Suncorp restructure
29 March 2010
Suncorp has completed a restructure of its commercial insurance business, confirming some staff will depart the division…
Pyne and AA form joint venture in NZ
29 March 2010
New Zealand investment and financial services group Pyne Gould Corporation will sell half its share of Marac Insurance to the Automobile Association under a new…