AIG speeds up sell-off of AIU Holdings
27 April 2009
AIU Holdings will distance itself from the beleaguered insurance giant AIG sooner than anticipated...
Corporate
Suncorp appoints risk chief as headhunters seek a CEO
27 April 2009
Ernst & Young Australia partner Andrew Harmer is taking up a six-month role as Suncorp Chief Risk Officer...
Headwinds slow progress at Wesfarmers Insurance
27 April 2009
Wesfarmers Insurance has reported improved performance from its broking and underwriting activities but expects thinning margins and investment returns to offset improved earnings...
CommInsure signs up to UN investment principles
27 April 2009
The Commonwealth Bank’s insurance arm CommInsure has signed the United Nations Principles for Responsible Investment...
GIO set to switch ad account
27 April 2009
Suncorp subsidiary GIO is in final negotiations to shift its $16 million advertising account from Belgiovane Williams McKay to Leo Burnett, according to ad industry publication AdNews...
AIG company takes out global award
20 April 2009
It might be on the nose with intermediaries, the public and regulators, but AIG can still bring home the accolades...
Retirement looms for QBE stalwart Cloney
20 April 2009
QBE is set to lose Chairman John Cloney, who has announced his intention to depart the insurer some time in the next three years...
ING Australia looks to future after parent company refit
20 April 2009
ING Australia claims cost-cutting measures undertaken by its Dutch parent will strengthen the local subsidiary’s position as one of the group’s key performers in the region...
ANZIIF reports profit for 2008
20 April 2009
The Australia and NZ Institute of Insurance and Finance has announced an operating surplus of $251,000 for 2008...
QBE chief’s payout slashed
06 April 2009
QBE CEO Frank O’Halloran’s retirement payout has been slashed after the group’s board bowed to possible pressure from shareholders and is now limiting it to one year’s salary...
Suncorp ‘special dividend’ unlikely before 2011
06 April 2009
Analysts say Suncorp shareholders should not get too excited about “enhanced special dividend payments” hinted at in a letter by Chairman John Story last week...
NZ’s State Insurance pushes up motor premiums 10-15%
06 April 2009
Leading NZ insurer State Insurance has lifted average vehicle premiums by 10-15% after changing the way it prices risk...
Associated picks pleasurecraft manager
06 April 2009
Former Club Marine CEO Paul Wilson has been appointed Associated Marine’s National Manager Pleasurecraft Insurance...
Aviva Australia escapes fate of UK counterpart
06 April 2009
A decision by Aviva UK subsidiary Norwich Union to axe 1100 jobs within its life insurance operations has no bearing on Aviva Australia’s life operations, the company says...
IBNA renews premium funder joint venture
06 April 2009
Premium funder Centrepoint Alliance has renewed its long-standing joint venture agreement with insurance broker cluster IBNA...
AIG Australia seeks brokers’ backing
30 March 2009
AIG Australia CEO Chris Townsend is touring the country to reassure brokers and their clients that the local operation of the battered US insurance giant is in good shape and eagerly awaiting rebranding...
Ansvar Insurance parent books heavy loss
30 March 2009
Ecclesiastical, the UK-based owner of Australian insurer Ansvar Insurance, has reported a £22.5 million ($46.4 million) loss as a result of poorly performing investments...
CGU launches new ad campaign
30 March 2009
Five years after CGU last hit the airwaves with its advertising jingle, it’s back with a quirky take on the importance of insurance for small and medium businesses...
Vivek Bhatia takes reins as Lumley CEO
23 March 2009
Vivek Bhatia has formally adopted the title of Lumley General Insurance CEO ahead of predecessor David Matcham’s retirement in June...
Ebix doubles annual net profit
23 March 2009
International insurance software and online exchange provider Ebix has more than doubled annual net profit, earning a record $US27.3 million ($40.4 million) last year...