Calliden completes purchase of rural agency
10 June 2008
Calliden has bought out the remaining 50% stake in rural and regional underwriting agency Argis from Australian Unity for $6.3 million...
Corporate
… and deals its way in to Queensland agency
10 June 2008
Calliden Group has collaborated with a group of Queensland brokers in a new underwriting agency...
Ellis steps aside at Australis
10 June 2008
Industry figure Roy Ellis is standing aside from his full-time role as Australis Underwriting Group CEO following the “successful completion of his re-engineering the business”...
Zurich covers political risk for carbon credits
10 June 2008
Zurich Australia is rolling out political risk insurance for companies investing in carbon credit programs in emerging markets...
MacBank makes US bond insurance play
10 June 2008
Macquarie Bank has stepped into an opening in the US bond insurance market in the wake of the subprime crisis...
Calliden lifts its rates
02 June 2008
Calliden is reacting to “difficult market conditions” by lifting rates, CEO Nick Kirk said last week...
Bank denies bid for insurer
02 June 2008
The Commonwealth Bank of Australia has rejected speculation it is considering buying an insurer...
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...