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TIO records worst ever result

26 October 2009

The Territory Insurance Office has reported the worst result in its 30-year history with a loss of $58.6 million…

Dual dumps Lumley for Lloyd’s

26 October 2009

Underwriting agency Dual Australia has ended its underwriting relationship with Lumley Insurance and will instead underwrite solely on behalf of Lloyd’s syndicate Arch…

Senior moves at Ace

26 October 2009

Ace has moved Kenneth Brown from Singapore to Sydney as COO for Australia and NZ…

Suncorp clarifies terms of RAC Insurance sale

26 October 2009

Suncorp has moved to clarify sale terms of its 50% stake in RAC Insurance following the release of the Royal Automobile Club (Western Australia) annual report…

Mecon signs deal with Great Lakes Australia

26 October 2009

Specialist construction and contractor’s plant agency Mecon Insurance has announced an underwriting and claims services deal with Munich Re subsidiary Great Lakes Australia…

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…

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…

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 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…