Ex-JLT broker to head Austbrokers/IBNA alliance
09 October 2007
Jeff Howells has been appointed to the new GM position at A&I Member Services, the joint venture between Austbrokers and IBNA…
Corporate
MGA builds regional strength
09 October 2007
South Australia-based MGA Insurance Brokers has purchased two brokers to take its premium income over $115 million and its branches to 22…
Australian sports specialist in Canada deal
09 October 2007
Specialist Australian underwriter Sportscover is heading into the Canadian market, announcing a joint venture with leading general underwriter WJ Sutton and Company…
QBE gets UK rating fillip and rebrands in Ireland
09 October 2007
QBE wholly owned Lloyd's syndicate Limit has received a ratings boost from Moody's, which upgraded Limit syndicate 2999 from B (Average) to B+ (Above Average)…
Lumley in credit rating pledge
09 October 2007
Lumley has reacted to concerns about its listed parent Wesfarmers' proposed acquisition of Coles by promising to "ring-fence" its credit ratings…
Analysts stoke QBE takeover talk
02 October 2007
Rumours of a QBE takeover of IAG are gaining traction among analysts, and talk of a $10 billion bid has pushed IAG stock above $5 for the first time since August…
Axa eyes Malaysian underwriter
02 October 2007
Melbourne-based Axa Asia Pacific Holdings has officially opened acquisition discussions with a Malaysian counterpart…
New chairman for the new Tower
02 October 2007
Rob Thomas is the new Chairman of Tower Australia…
WR Berkley sets up in Sydney
25 September 2007
The London subsidiary of US-based WR Berkley Corporation is opening a branch office in Australia…
AMP looks within for new CEO
25 September 2007
AMP has named its Financial Services MD Craig Dunn to succeed Andrew Mohl as CEO…
OAMPS acquires UK broker
18 September 2007
OAMPS has boosted its UK presence with the acquisition of another broker…
QBE launches European reinsurance division
18 September 2007
QBE is merging three of its divisions to create a consolidated European reinsurance division as a unified front for short-tail and long-tail lines business…
Brokers off radar in QBE channel play
11 September 2007
QBE is unlikely to place new bids for insurance brokers or underwriters in the near future but is looking at new distribution channels in other sectors…
XL gets word on new products
11 September 2007
Bermuda-based insurer XL Insurance is ramping up its Australian operations in the construction, marine and products sectors under a global extension of its lines…
Wesfarmers offloads liability specialist
11 September 2007
Wesfarmers has sold Connect Liability Solutions to its founders Kevin Corkery and Glenn Eason for an undisclosed amount…
Buys lift growth for Austbrokers
04 September 2007
Falling premiums and fierce competition have not stopped Austbrokers from booking a 15% increase in adjusted net profit to $13.24 million in its first full year as a listed entity…
Claims blowout hits FMG bottom line
04 September 2007
Claims resulting from bad weather have almost halved the profit of NZ rural insurer Farmers’ Mutual Group…
Suncorp boosted by Promina profit
28 August 2007
Newly acquired Promina group has given Suncorp’s lagging insurance portfolio a shot in the arm as the bancassurer’s emboldened insurance wing helped take total profit…
Storm claims rattle IAG
28 August 2007
Storm losses may have dealt a $200 million blow to IAG’s profit, but deeper problems with international and domestic personal lines continue to plague the group…
AMP rises on investment returns
28 August 2007
An earnings lift in AMP’s wealth management arm has taken the banking group to a 27% rise in first-half profit to $543 million…