Retirement looms for QBE stalwart Cloney
20 April 2009
QBE is set to lose Chairman John Cloney, who has announced his intention to depart the insurer some time in the next three years...
Corporate
ING Australia looks to future after parent company refit
20 April 2009
ING Australia claims cost-cutting measures undertaken by its Dutch parent will strengthen the local subsidiary’s position as one of the group’s key performers in the region...
ANZIIF reports profit for 2008
20 April 2009
The Australia and NZ Institute of Insurance and Finance has announced an operating surplus of $251,000 for 2008...
QBE chief’s payout slashed
06 April 2009
QBE CEO Frank O’Halloran’s retirement payout has been slashed after the group’s board bowed to possible pressure from shareholders and is now limiting it to one year’s salary...
Suncorp ‘special dividend’ unlikely before 2011
06 April 2009
Analysts say Suncorp shareholders should not get too excited about “enhanced special dividend payments” hinted at in a letter by Chairman John Story last week...
NZ’s State Insurance pushes up motor premiums 10-15%
06 April 2009
Leading NZ insurer State Insurance has lifted average vehicle premiums by 10-15% after changing the way it prices risk...
Associated picks pleasurecraft manager
06 April 2009
Former Club Marine CEO Paul Wilson has been appointed Associated Marine’s National Manager Pleasurecraft Insurance...
Aviva Australia escapes fate of UK counterpart
06 April 2009
A decision by Aviva UK subsidiary Norwich Union to axe 1100 jobs within its life insurance operations has no bearing on Aviva Australia’s life operations, the company says...
IBNA renews premium funder joint venture
06 April 2009
Premium funder Centrepoint Alliance has renewed its long-standing joint venture agreement with insurance broker cluster IBNA...
AIG Australia seeks brokers’ backing
30 March 2009
AIG Australia CEO Chris Townsend is touring the country to reassure brokers and their clients that the local operation of the battered US insurance giant is in good shape and eagerly awaiting rebranding...
Ansvar Insurance parent books heavy loss
30 March 2009
Ecclesiastical, the UK-based owner of Australian insurer Ansvar Insurance, has reported a £22.5 million ($46.4 million) loss as a result of poorly performing investments...
CGU launches new ad campaign
30 March 2009
Five years after CGU last hit the airwaves with its advertising jingle, it’s back with a quirky take on the importance of insurance for small and medium businesses...
Vivek Bhatia takes reins as Lumley CEO
23 March 2009
Vivek Bhatia has formally adopted the title of Lumley General Insurance CEO ahead of predecessor David Matcham’s retirement in June...
Ebix doubles annual net profit
23 March 2009
International insurance software and online exchange provider Ebix has more than doubled annual net profit, earning a record $US27.3 million ($40.4 million) last year...
Vero makes life easier for brokers
23 March 2009
Vero has consolidated online systems used to quote and bind products within the Vero Corporate Portfolio in a bid to make life a little easier for brokers...
Willis staff asked to take unpaid leave
23 March 2009
Willis Chairman and CEO Joe Plumeri has asked staff of the global broker to take unpaid leave as the latest in a range of cost-cutting measures...
Assetinsure deal safe from bank’s administrators
16 March 2009
Commercial underwriter Assetinsure says the appointment of administrators to Babcock & Brown will not affect the sale of the investment bank’s 50% stake...
Funding venture earns bank accolades
16 March 2009
Macquarie Bank is so pleased with its Steadfast premium funding joint venture that it’s now looking at similar opportunities around the world...
Aon offers cover against insurer insolvency
16 March 2009
A nervous marketplace has prompted Aon Risk Services to launch a corporate product protecting against insurer insolvency...
TIO sacks 20 as part of ‘restructure’
16 March 2009
NT Government-owned insurer TIO is sacking 20 people and closing two branches to deal with economic challenges...