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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...

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...

Vero makes life easier for brokers

23 March 2009

Vero has consolidated online systems used to quote and bind products within the Vero Corporate Portfolio in a bid to make life a little easier for brokers...

Willis staff asked to take unpaid leave

23 March 2009

Willis Chairman and CEO Joe Plumeri has asked staff of the global broker to take unpaid leave as the latest in a range of cost-cutting measures...

Funding venture earns bank accolades

16 March 2009

Macquarie Bank is so pleased with its Steadfast premium funding joint venture that it’s now looking at similar opportunities around the world...

QBE pulls out of Burma

16 March 2009

QBE has decided to cut its ties with dictator-led Burma’s insurance market...

Spotlight stays on Suncorp

09 March 2009

Suncorp is the subject of renewed curiosity following spirited trading in its shares late last week and a rating downgrade by Moody’s...

Zurich calls for better risk management

09 March 2009

Zurich Financial Services claims the credit crisis highlights the need for greatly improved risk management, and says firms must better prepare for extreme events...

Centrepoint Alliance focuses on premium funding

09 March 2009

Finance company Centrepoint Alliance intends to concentrate on premium funding after blaming an interim loss of $565,000 on unprofitable commercial finance units dragging the overall result...