Fate of Centrepoint Alliance known next week
09 June 2009
Directors of premium funding specialist Centrepoint Alliance intend to make an announcement on the company’s future by the end of next week...
Corporate
Allianz strikes debtor finance deal with Steadfast
09 June 2009
Allianz Australia has signed a national distribution deal with cluster group Steadfast that will see member brokers add a new income stream through debtor finance...
QBE muscles in on US reinsurance market
09 June 2009
The erosion of AIG’s position in the US reinsurance market appears to be opening up some opportunities for QBE’s reinsurance operations...
NZ personal injury insurer to cut 70 jobs
09 June 2009
New Zealand’s state-owned personal injury insurer the Accident Compensation Corporation plans to axe 70 jobs at its Wellington head office...
Boss buys underwriting agencies
09 June 2009
Former Stardex Insurance Group-owned underwriting agencies SLE Worldwide Australia and Pacific Underwriting Corporation have been bought by SLE MD Brad French...
Suncorp restructure could signal split
01 June 2009
Suncorp’s proposed move to a non-operating holding company structure has added to speculation that the group’s bank is being primed for sale – a move analysts say must happen...
Tower Australia profit falls by 12%
01 June 2009
Tower Australia has reported a 12% fall in first-half profit but the company is upbeat about future prospects due to a growing market for life insurance...
Tower NZ lifts half-year profit by 32%
01 June 2009
New Zealand-based Tower Limited has announced a $NZ26.6 million ($21.1 million) net profit for the half year to March 31, up 32% on the corresponding period last year...
Insurers listed as top choices for women
01 June 2009
Insurers Allianz Australia, RACV and medical indemnity insurer Avant have been named employers of choice for women by a Federal Government agency...
Lumley trims top ranks
25 May 2009
Two senior executives have departed Lumley General Insurance following a company review headed by CEO Vivek Bhatia...
Hardie avoids compensation fund contribution
25 May 2009
A $US45 million ($58 million) loss in net operating cash flow has allowed James Hardie to avoid contributing to the Asbestos Injuries Compensation Fund this year...
OAMPS picks up first life partner
25 May 2009
OAMPS Insurance Brokers has begun the expansion of its life insurance broking network by partnering with Coles Financial Group in Tasmania...
NZI turns 150
25 May 2009
Auckland-based NZI celebrated its 150th birthday on Thursday...
First Australian elected as WBN Chairman
25 May 2009
A Melbourne insurance broking executive has been appointed Chairman of the Worldwide Broker Network, the world’s largest association of privately owned insurance brokers...
Back office outsourcing move predicted
25 May 2009
Australian insurers are likely to move to outsource their back office operations to focus on core trade with clients, a leading claims manager has forecast...
Allianz Australia profit falls 26%
18 May 2009
Allianz Australia’s first-quarter operating profit has dipped to $54 million, down 26% compared with the corresponding period last year...
OAMPS seeks life partners
18 May 2009
OAMPS Insurance Brokers has ramped up its commitment to life insurance with plans to recruit up to 60 independent adviser partners within the next year...
Oxley buys another brokerage
18 May 2009
NSW broker Oxley Insurance brokers has bought Graham Herring Insurance Brokers...
Gloom is good for Comminsure life sales
18 May 2009
The economic downturn’s influence on a resurgence in life insurance has helped market leader Comminsure report 23% growth in first-quarter premiums, which climbed to...
AMP puts greater store in insurance
18 May 2009
Financial giant AMP will focus on risk insurance as a key factor in restoring the 160-year old company to its former glory...