Bank denies bid for insurer
02 June 2008
The Commonwealth Bank of Australia has rejected speculation it is considering buying an insurer...
Corporate
Suncorp warns of share predator
02 June 2008
Suncorp is warning its shareholders they may receive unsolicited offers from notorious Melbourne share dealer David Tweed...
Zurich sells distribution arm
26 May 2008
Zurich Financial Services Australia has offloaded its last wholly owned intermediary business with the sale of Financial Lifestyle Solutions...
Deloitte ends Trowbridge era
26 May 2008
Deloitte has jettisoned the Trowbridge name eight years after Deloitte Touche Tohmatsu’s local actuarial business merged with Trowbridge Consulting...
Winsure offers PI and SME Lloyd’s cover
26 May 2008
Underwriting agency Winsure has secured two binder agreements with Lloyd’s managing agency Mitsui Sumitomo Insurance Underwriting...
Allianz launches motor trades policy
26 May 2008
Allianz has launched a new policy for motor trades, offering 15 covers in a single pack...
IAG wins Indian JV
19 May 2008
Beleaguered insurance giant IAG’s generally troubled entry into foreign markets has taken a positive turn with a deal to set up a joint venture with the State Bank of India...
Allianz Australia profit falls as parent reports 65% drop
19 May 2008
Global insurer Allianz has recorded a 65% decline in net profit to €1.1 billion ($1.8 billion) in the first quarter, confirming a weak first quarter for global insurers...
Suncorp increases share offer by $300 million
19 May 2008
Suncorp has increased its convertible preference share offer from $400 million to $700 million...
Comminsure writes down $34 million
19 May 2008
Comminsure has been forced to write down $34 million from its life portfolio as a result of widening credit spreads...
Connect closes Sydney office
19 May 2008
Underwriting agency Connect Liability Solutions, which specialises in hard to place liability lines, has closed its Sydney office, with the departure of founding partner Kevin Corkery...
Land of the rising Suncorp
12 May 2008
Suncorp has shrugged off a difficult investment market and higher claims by announcing it’s in line to meet earnings forecasts...
QBE tactics draw criticism
12 May 2008
QBE’s softly-softly approach to its IAG takeover is beginning to draw criticism from analysts and commentators...
Market awaits details of acquisitions
12 May 2008
There’s no word yet on exactly which five product distribution companies QBE has picked up, or even exactly where they are...
Wesfarmers hands Kiwi brokers strategy role
12 May 2008
OAMPS CEO Peter Blackmore’s position isn’t in doubt despite a strategic reshuffle by Wesfarmers Insurance Division...
IAG suffers ratings downgrade
12 May 2008
IAG’s financial ratings have taken a dive following the reduction in its insurance margin late last month to 6-8% from 9-11%...
Hong Kong broker enters local reinsurance market
12 May 2008
Hong Kong-based marine broker FP Marine Risks is opening its second Australian office in Sydney under the command of marine specialist Tim Cutler...
IAG named as potential partner for Indian JV
05 May 2008
The State Bank of India is expected to announce its non-life insurance partner in June – and IAG is still in the hunt...
QBE finalises North Pointe deal
05 May 2008
QBE has completed its $US146 million ($155 million) acquisition of US property/casualty insurer North Pointe...
Exit Norwich Union
05 May 2008
Aviva will phase out the Norwich Union brand name over the next two years as it brings its global general and life insurance businesses together under the “One Aviva” banner...