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...
Corporate
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...
Calliden offers brokers Advantage
05 May 2008
Calliden has brought together its SME and personal lines intermediary business under the go-to-market Advantage banner...
QBE expands energy account in Singapore
28 April 2008
QBE has established an underwriting operation at the Lloyd’s market in Singapore, expanding the group’s presence in Asia...
Dual set for Hong Kong launch
28 April 2008
Dual International will expand its professional lines business into Hong Kong in July...
Asbestos payments are safe, says Iemma
28 April 2008
Procedural matters for the trial of 10 James Hardie directors have been finalised, while asbestos campaigners have been assured their compensation payments…
AIG Life wins website accolade
28 April 2008
AIG Life’s website has been rated the most responsive in an online survey of insurers...
Bank fills new CRO role
28 April 2008
The Commonwealth Bank of Australia has appointed New York-based risk expert Alden Toevs in the new position of chief risk officer...
New CEO for Lumley NZ
21 April 2008
Wesfarmers Insurance has appointed Vero NZ Executive GM John Lyon as Lumley NZ’s new CEO...
Insurer exits PI for planners
21 April 2008
QBE is pulling out of the professional indemnity market for financial planners and stockbrokers, with effect from June 1...
SRS poaches underwriting team
21 April 2008
Brisbane-based Lloyd’s underwriting agency SRS has boosted its Victorian professional risks business by poaching the entire underwriting team of niche agency…
GE owns Pacific, but change will be hard to find
14 April 2008
It’s business as usual at Pacific Premium Funding following the 100% purchase of the company by GE Commercial Finance last week…
Hawker searches for IAG’s passage to India
14 April 2008
IAG has refused to comment on Indian press reports it is on the State Bank of India’s shortlist for a general insurance joint venture...
… and IAG opts for general over life insurance in Malaysia
14 April 2008
IAG is quitting the Malaysian life sector to focus on general insurance...
Lumley in SME freight tie-up with mutual
14 April 2008
Lumley is partnering with UK-based mutual TT Club to offer forwarders combined cover to Australian SMEs...
Pacific teams up with DOFI to offer luxury marine policy
14 April 2008
Pacific Underwriting has entered new territory with the launch of a luxury pleasurecraft policy...