Calliden ‘extremely pleased’ by legal win
19 April 2010
Calliden Group’s legal stoush with Australian Unity ended last week with a court finding Australian Unity breached the terms of a sale agreement between the companies…
Corporate
MacBank banks on cheap AIG jets
19 April 2010
After being forced to relinquish many of its most prized business assets, fallen US insurer AIG has added its more expensive toys to its multi-billion dollar garage sale…
Perth company succeeds with NZ listing
19 April 2010
Broking and underwriting agency Australian Consolidated Insurance Ltd has succeeded in its plan to “reverse list” on the New Zealand Stock Exchange…
Wesfarmers’ long-term rating upgraded
19 April 2010
The long-term credit rating of diversified conglomerate Wesfarmers has been upgraded to positive on an improved operating performance, future-focused approach…
Lloyd’s man in Australia recalled to London
12 April 2010
Lloyd’s Regional Manager for Asia Pacific, Keith Stern, is relocating to the UK after a 10-year stint in the market’s Sydney office…
Pacific Premium Funding opens in NZ
12 April 2010
Pacific Premium Funding has launched operations in New Zealand, describing the market as a “good fit” for the business…
Willis builds Queensland base
12 April 2010
Willis has bulked up its Queensland presence with the purchase of Brisbane-based broker Glencairn MacDermott…
MYI Freemans boss quits
12 April 2010
MYI Freemans CEO Martin Hartcher has resigned, with Chairman David Ryan stepping into the role in an interim capacity…
Centrewest buys Steadfast stablemate
12 April 2010
Perth-based brokerage Centrewest Insurance Brokers has acquired fellow Steadfast member Brookman Porter for an undisclosed sum…
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…