Talks continue on Stardex structure
15 December 2008
Stardex Insurance Group senior managers are expected to increase their shareholdings in the company, with CEO Bob Lee confirming this morning that talks on the future structure…
Corporate
Axa axes 90 jobs
15 December 2008
Axa Asia Pacific has laid off 90 staff, citing difficulties in the current economic environment...
Management buyout tipped for IAG UK assets
15 December 2008
Managers of IAG companies in the UK are understood to be planning a management buyout of the businesses, according to a UK trade press report...
New agency in $8 million CGU campaign
15 December 2008
CGU Insurance has put its new brand awareness campaign in the hands of advertising agency CumminsNitro Melbourne...
… and 20 top years for professional risks
15 December 2008
Leading professional indemnity insurer CGU Professional Risks has turned 20...
Tower NZ still going strong
15 December 2008
Tower NZ’s financial strength ratings have been affirmed at A-, defying the trend as the country sits knee deep in a recession...
McAvenna retains UAC chair
08 December 2008
The Underwriting Agencies Council elected a new board at its AGM in Sydney this morning...
Medibank to insure furry friends
08 December 2008
Health insurer Medibank Private is moving into the pet insurance market...
BT revamps life products
08 December 2008
BT Financial Group has overhauled its life insurance products to give increased coverage to clients and provide easier processes for advisers...
IAG slams share scam
08 December 2008
IAG is warning shareholders to avoid being ripped off by a company trading as Hassle Free Share Sales...
QBE on a spending spree
01 December 2008
QBE has bought five insurance operations worth $US695 million ($1.06 billion) and has issued a $2 billion share placement to help fund the acquisitions...
… and may be checking out IAG’s UK assets
01 December 2008
QBE Europe thinks it can do a better job than IAG in making personal lines motor insurer Equity Red Star pay, according to speculation in UK media outlet Insurance Age...
IAG increases stake in Malaysian insurer
01 December 2008
IAG will increase its stake in the general insurance side of Malaysian business AmAssurance from 30% to the maximum foreign investment limit of 49%, the company announced today...
… as joint venture ends New India’s run
01 December 2008
The IAG-State Bank of India joint venture will bleed premium income from the country’s largest insurer, New India Assurance, at the rate of Rs2 billion ($61.9 million) a year…
Tower records profit in difficult market conditions
01 December 2008
Life insurer Tower Australia has posted a 69% increase in net reported profit to $68.7 million in its full-year financial results to 30 September...
JLT faces big gain from competitive NZ personal injury market
01 December 2008
Jardine Lloyd Thompson Australia will be among the first private insurance providers to benefit from a competitive New Zealand personal injury market after taking an equity share…
Vero wins the gold in NZ business awards
01 December 2008
Vero NZ has won the gold medal for the best business practice at the NZ Business Excellence Awards...
New financial year ‘encouraging’ says Austbrokers
24 November 2008
Cluster group Austbrokers has reported an encouraging start to the new financial year, and expects stable rates to prevail for the remaining three quarters of 2008/09...
Insurance the focus for Axa
24 November 2008
Axa Asia Pacific is banking on a good performance from its insurance lines as plunging markets take their toll on wealth management income...
Tower NZ net profit climbs 17%
24 November 2008
New Zealand insurance and investments provider Tower Limited has banked $NZ40.5 million ($34.3 million) for the year as growth among insurance portfolios helped push revenue…