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...
Corporate
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...
SRG Corporate joins Austbrokers stable
06 October 2008
Insurance broking network Austbrokers has announced the purchase of a 50% shareholding in Perth-based insurance broker SRG Corporate...
Suncorp confirms buyer interest in banking division
06 October 2008
Suncorp has confirmed it has received several approaches from parties interested in acquiring the group’s banking and wealth management operations...
Capita rebrands Australian business
06 October 2008
Insurance management and claims provider Capita CMGL Australia has changed its name to Capita Insurance Services...
QBE sale date nears for PMI acquisition
06 October 2008
QBE is tipped to take control of PMI Australia before the end of the month...
Allianz offers cashflow finance
29 September 2008
WA banking group BankWest has signed a strategic agreement with Allianz Finance to refer all new customers seeking finance to Allianz under a new invoice discounting facility...
New player connects with the PI market
29 September 2008
Underwriting agency Connect Liability Solutions is the latest entrant into the crowded professional indemnity market in Australia...
South African insurer opens in Queensland
29 September 2008
South African financial services group FirstRand has chosen the Sunshine Coast as the launching pad for its new insurance company, Youi Insurance...
Brokers join AAIB’s ranks
29 September 2008
The Australasian Association of Insurance Brokers Incorporated has welcomed three new members to its fold...
Club Marine goes dolphin-friendly
29 September 2008
Club Marine is adding a touch of green – or possibly ocean blue – to its balance sheet...
Suncorp rating outlook revision sparks concern
22 September 2008
Investor concern has heightened as Suncorp’s rating outlook has been downgraded amid a rapid dive in the company’s share value...
Case of mistaken identity for IAG
22 September 2008
IAG has moved to assure investors and clients the insurer remains in strong financial health in the wake of the AIG crisis...
Coface increases presence outside of Europe
22 September 2008
First-half results for Paris-based Coface Holdings reveal turnover growth of 6% to €838 million ($1.5 billion)...