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...
Corporate
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...
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...
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...