Insurance division props up RAC-WA
19 October 2009
The Royal Automobile Club (Western Australia) expects full ownership of RAC Insurance to lead it to greater glory after recording an annual loss of $7.9 million…
Corporate
Suncorp dismisses Tyndall sale ‘speculation’
19 October 2009
Suncorp has dismissed a report in the Australian Financial Review today that the company may sell its funds management unit Tyndall…
IAG’s Indian venture closer
19 October 2009
IAG has confirmed an Indian media report that “penultimate approval” has been given to its insurance joint venture with the State Bank of India…
Fleet claims drop while costs increase: Lumley
19 October 2009
Major fleet insurer Lumley Insurance has given this year’s best-performance accolade to supermarket giant Woolworths, which it says has “inspired excellence” in fleet risk management…
Carpenter takes a local focus after JLT reshuffle
19 October 2009
Global risk services company Jardine Lloyd Thompson has lured away Aon’s Hong Kong Chairman of Operations to become Regional Chairman of JLT Asia…
Cambridge Australia rebadged as Xchanging
19 October 2009
Global business processor Xchanging has announced its arrival in the local market following its takeover and rebrand of claims service provider Cambridge Australia…
ANZIIF eyes Iraq education initiative
19 October 2009
The Australian and New Zealand Institute of Insurance and Finance may extend its international outreach strategy to war-torn Iraq…
Advertisers hail Youi launch
19 October 2009
The launch of car and home direct insurer Youi has proved a hit with the advertising industry, taking out three gongs for agency Universal McCann in this year’s Media Federation Awards…
Coates takes the chair at UAC
19 October 2009
Dual MD Damien Coates has been appointed chairman of the Underwriting Agencies Council…
Coates leads UAC
13 October 2009
Dual MD Damien Coates has been elected interim Chairman of the Underwriting Agencies Council…
Hannover Re in Australian overhaul
12 October 2009
Hannover Re is set to handle its own facultative property underwriting in Australia from 2011, bringing an end to its 16-year-old agency agreement with Melbourne-based Southern Cross…
Assetinsure links up with Inter Hannover
12 October 2009
Specialist insurer Assetinsure has signed up with the Australian branch of Inter Hannover to write professional liability insurance for Australian-domiciled risks for the Hannover Re unit…
QBE eyes American growth
12 October 2009
QBE CFO Neil Drabsch has confirmed the insurer is on the acquisition trail in North and South America following a record $1.02 billion first-half profit…
Tower receives a ratings boost
12 October 2009
Ratings agency Standard & Poor’s has lifted Tower Australia’s insurer financial strength and counterparty credit ratings from A- to A…
Remington stays at top of Insight
12 October 2009
The Insight Insurance Brokers Association has appointed four new directors to its expanded board…
Zurich pulls out of rural insurance
05 October 2009
Zurich Financial Services Australia is pulling out of the rural insurance market…
QBE completes Elders deal
05 October 2009
Elders has completed the sale of its insurance businesses to QBE and will use the $270 million to pay down debt…
Aviva completes sale of Australian arm
05 October 2009
British general insurance giant Aviva has completed the sale of its Australian life and pensions business and wealth management platform Aviva Australia…
Ausure makes a habit out of winning
05 October 2009
Ausure Insurance Brokers continues to dominate the financial services section of the Hunter region’s Fastest Growing Awards, taking out its third win in four years…
Dual opens in Brisbane
05 October 2009
Underwriting agency Dual Australia is opening a new Brisbane office today to cater for its 2000 Queensland clients…