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...
Corporate
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...
Fate of Centrepoint Alliance remains uncertain
18 May 2009
The future of premium funding specialist Centrepoint Alliance remains unclear more than two weeks after the company requested a suspension of trading in its stock...
Signs are good for AIG Australia
11 May 2009
AIG Australia is celebrating a “positive” first quarter and acknowledging the efforts of its US parent to maximise the value of its core businesses and repay US taxpayers...
Uncertainty lingers over Centrepoint Alliance
11 May 2009
The future of listed premium funder Centrepoint Alliance remains unclear amid a two-week share trading halt imposed at the company’s request...
QBE at top of the global tree
11 May 2009
The QBE Group is now one of the best-performing insurers in the world, according to CFO Neil Drabsch...
Dual forms strategic partnership in Asia
11 May 2009
Underwriting agency Dual Asia has teamed up with leading Hong Kong insurer MSIG to provide professional indemnity and directors’ and officers’ insurance in the territory...
Suncorp makes bank look more attractive
11 May 2009
Amid ongoing speculation that Suncorp will sell its bank to focus on insurance, the group has added commercial property lending to “non-core” banking business it is winding down...
Movement at the top of Marsh
11 May 2009
Marsh Pacific Region Head and Australia CEO David Bidmead is moving to the US, and will be replaced by current Australia COO John Clayton...
Ace shuffles its executive pack
11 May 2009
Ace Insurance has appointed Paul Martin as NZ CEO & Country Manager...
AMP buys 5% investment stake in Austbrokers
11 May 2009
AMP Capital Investors has bought a 5% stake in broking cluster group Austbrokers – but the move has little to do with the sort of strategic stakes taken up by major insurers a couple of years ago...
Aviva sale rumours increase
11 May 2009
A speculated $1 billion sale of Aviva’s Australian business is keeping the rumour mill alive, with plenty of media comments quoting unnamed sources...
Premium funder halts share-trading as directors ponder future
04 May 2009
Uncertainty surrounds the future of premium funding provider Centrepoint Alliance after it requested a two-week suspension of trading in its stock...
New CEO for GAB Robins Australia
04 May 2009
Harry Patel has taken over the role of CEO for loss adjusters GAB Robins Australia as former chief David Radcliff prepares to move to the US as COO of the global Cunningham Lindsey Group...
Suncorp appoints senior executive
04 May 2009
Suncorp’s Darren O’Connell has been promoted to Executive General Manager Corporate Portfolio, Commercial Insurance. He replaces John Nagle, who has moved to Lumley General...
MLC gets a pass mark
04 May 2009
Diabolical investment markets in the half year to March 31 cut into profits for National Australia Bank wealth management division MLC, but analysts say the results aren’t bad under the circumstances...