Indian venture clears final hurdle
13 July 2009
IAG has cleared the final hurdle in its general insurance joint venture with the State Bank of India following approval by Indian regulators…
Corporate
QBE gets rating upgrade
13 July 2009
Standard & Poor’s has upgraded QBE Insurance’s counterparty credit rating from A- to A…
Allianz lands Fisher, drops in Poole
13 July 2009
A reshuffle of roles at Allianz Australia will see Chief GM Broker & Agency Division Greg Fisher take up the new role of Chief Manager Related Businesses B&A…
Assetinsure to write Insure That portfolio
13 July 2009
Specialist insurer Assetinsure has announced it will underwrite the property and domestic lines for the rural portfolio of underwriting agency Insure That…
Perth company plans NZ listing
13 July 2009
Australian Consolidated Insurance has announced plans to “reverse list” on the New Zealand Stock Exchange through the shell of NZ financial services firm Lombard Group…
Lumley sets up future with a rebrand
06 July 2009
Lumley has overhauled its brand and will now trade as Lumley Insurance...
Publishing company quits NIBA
06 July 2009
Publishing and marketing company McMullan Conway today announced an “amicable separation” from the National Insurance Brokers Association after an 11-year relationship...
Calliden buys remaining half of IUA
06 July 2009
Underwriting agency IUA – formerly known as Interruption Underwriting Agencies – is now a fully fledged part of the Calliden Group after the family of founder the late Harry Dickinson Snr sold...
Lumley exits home warranty insurance
06 July 2009
Lumley General has announced plans to exit the home warranty insurance market, citing unsatisfactory returns from the controversial product...
IAG cuts direct insurance jobs
06 July 2009
IAG is shedding staff in its direct insurance division in line with its new executive team structure announced last month...
Austbrokers stable continues to grow
06 July 2009
Cluster group Austbrokers has continued its ambitious growth strategy with its latest moves expected to add $600,000 in annual net profit and raising membership to about 40...
IAG rating outlook remains negative
06 July 2009
Fitch Ratings has affirmed IAG and IAG NZ’s insurer financial strength ratings at AA- and their outlook as negative...
OAMPS sets up premium funding facility
06 July 2009
Major broker OAMPS has established its own premium funding facility after Wesfarmers Insurance ended a preferential agreement with listed funder Centrepoint Alliance...
QBE cashed-up and hungry in Europe
29 June 2009
The ever-acquisitive QBE is reported to be prowling Europe for new deals to fuel its growth on the heels of its $2.7 billion spree last year, mostly in the US...
Six depart in OAMPS head office shakedown
29 June 2009
OAMPS Insurance Brokers has retrenched its entire marketing team as the company seeks to “better align” head office functions with its 28 Australian branches...
Indemnitycorp launches legal practice
29 June 2009
Risk specialist Indemnity Corporation has added a specialist legal division, forecasting strong demand from its insurance broker clients...
James Hardie relocation bid riles asbestos victims
29 June 2009
James Hardie Industries has won no friends among asbestos victims with the proposed relocation of its headquarters from the Netherlands to Ireland at an estimated cost of...
Youi ads judged discriminatory
29 June 2009
Two TV advertisements by car insurer Youi have been found to discriminate against people with mental health issues...
Aon’s Harmer heading home
22 June 2009
Aon has confirmed its UK CEO Peter Harmer is returning to Australia in September to take up a new posting...
Centrepoint MD departs; company’s fate still unclear
22 June 2009
Premium funding specialist Centrepoint Alliance has confirmed the departure of MD Richard Cawsey as the eventual fate of the company remains unclear...