Centrewest buys Steadfast stablemate
12 April 2010
Perth-based brokerage Centrewest Insurance Brokers has acquired fellow Steadfast member Brookman Porter for an undisclosed sum…
Corporate
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…
Hawker joins Macquarie board
29 March 2010
Former IAG CEO Michael Hawker has joined the board of the Macquarie Group as an independent non-executive director…
IAG’s India JV launches next month
22 March 2010
SBI General Insurance Company, in which IAG has a 26% stake, is due to begin trading in India next month…
WFI appoints new CEO
22 March 2010
Wesfarmers Federation Insurance has named John Ripepi to succeed Howard King as CEO when Mr King retires at the end of June…
QBE Re part of better year for US reinsurers
22 March 2010
QBE’s US reinsurance operations were among the winners in a generally improved year for the industry in 2009…
AAMI signs on for new stadium
22 March 2010
AAMI has signed a deal to secure the naming rights over Melbourne’s new rectangular sports stadium for the next eight years…
Chartis realigns global operations
15 March 2010
Chartis Australia CEO Chris Townsend has been named to head up a new Asia-Pacific regional grouping under a global restructure…
Brit Insurance opens Sydney office
15 March 2010
International insurer/reinsurer Brit Insurance has set up its own office in Sydney to replace the agency arrangement it has had with Australian Reinsurance Underwriting Services since 2004…
Ebix up on acquisitions
15 March 2010
Global software group Ebix has lifted its full-year profits by 42% on rising revenue and bolt-on acquisitions to $US38.8 million ($42.4 million), though growth was more subdued…
Lumley unveils broker portal
15 March 2010
Brokers at this week’s Steadfast Convention in Perth are the first to view Lumley’s new intermediary portal in action…
PSC Horsell bulks up sports holdings
15 March 2010
Melbourne-based broker PSC Horsell has added World Wide Sports Insurance to its stable, increasing its reach in the sports and leisure sector…
Perth company’s NZ listing clears another hurdle
15 March 2010
Broking and underwriting agency group Australian Consolidated Insurance Ltd has cleared another major hurdle in its plan to “reverse list” on the New Zealand Stock Exchange…
Rate rises, investments boost Allianz Australia profit
08 March 2010
Allianz Australia grew pre-tax net profit to $484 million last year, up 60% on 2008…
Broker lifts local profit, changes Aussie roles
08 March 2010
Trading profit for broker Jardine Lloyd Thompson's Australasian operation rose 9% to £20.9 million ($34.9 million) in the year to December 31 on the back of £87.5 million…