Futuris insurance division still going strong
03 November 2008
Rural service and insurance company Elders is performing well despite financial market volatility, according to parent company Futuris...
Corporate
AIG Australia renewals weather the storm
27 October 2008
Most clients appear to have stuck by AIG Australia despite the recent financial turmoil of its US parent, with the insurer recording a 93% retention rate during October...
Calliden transfers its insurance business into one
27 October 2008
Calliden will consolidate all its insurance business under one licence from November 19...
QBE wraps up PMI deal
27 October 2008
QBE has completed its acquisition of PMI Australia for $US920 million ($1.4 billion) after receiving regulatory approval...
Lumley General Insurance drops the ‘insurance’
27 October 2008
Lumley General Insurance will now be known simply as Lumley General after completing a process to operate under a single licence...
Pacific avoids axe as GE chops businesses
27 October 2008
GE Money’s decision to cut 335 jobs in Australia and New Zealand will have no effect on its premium funding business, Pacific Premium Funding...
Suncorp shelves bank sale – for now
20 October 2008
Suncorp has shown the door to competitors interested in its bank and wealth management division, because it’s confident it will be able to get a higher price for the assets…
Credit crunch a mixed bag for IAG
20 October 2008
IAG expects to cash in on the global credit crunch as consumers turn to brands they trust, but admits economic conditions are not ideal for the planned sell-off of its UK operations...
Zurich aims to lead the fight against heart disease
20 October 2008
Zurich Financial Services Australia has called for an improvement to the nation’s heart health after releasing a survey showing 50% of Australians are overweight and many of them…
MLC locks in rates
20 October 2008
Financial services giant MLC is offering five-year fixed rate insurance cover on life and total disability premiums in a bid to win over new customers...
Wesfarmers outlines its insurance plans
20 October 2008
Wesfarmers Insurance is moving to a single licensed entity for its Australian businesses, but it doesn’t mean Lumley and Wesfarmers Federation Insurance are being merged...
Gallagher’s buys stake in WA brokerage
13 October 2008
Global brokerage Arthur J Gallagher has acquired a 40% stake in WA broker Specialised Broking Associates...
Start date looms for IAG venture in India
13 October 2008
The State Bank of India is due to finalise joint venture terms with IAG in the next few weeks, with India’s largest lender set to make ripples in the local general insurance market...
Medibank joins Hollard and Swiss Re in life launch
13 October 2008
Medibank Private has engaged Hollard Insurance and Swiss Re to administer the first life insurance product to be offered by Australia’s largest private health insurance brand...
‘Early days’ as Suncorp considers all offers for bank division
13 October 2008
Suncorp will “carefully consider” formal offers for its banking and wealth management operations after the company received several approaches by interested parties...
St Andrew’s transfers to Commonwealth Bank in HBOS deal
13 October 2008
The Commonwealth Bank has acquired life insurance and wealth management business St Andrew’s Australia in its $2.1 billion deal to buy BankWest from HBOS...
AMI Insurance rating soars
13 October 2008
Ratings agency AM Best has upgraded the ratings of NZ mutual insurer AMI Insurance...
IAG looks to turn corner
06 October 2008
The last financial year was “difficult” for IAG and the company has no qualms about describing its 2007/08 result as “disappointing”...
Suncorp reshuffles personal lines pack
06 October 2008
Suncorp has reshuffled the top tier of its executive ranks and moved to separate the Suncorp and GIO business units...
Energy insurer acquires QBE subsidiary
06 October 2008
New UK energy insurer Torus is set to take over an excess and surplus lines insurer within QBE subsidiary Praetorian...