SSP adds another insurance IT system
14 April 2008
Just weeks after snapping up insurance software company Koukia from Wesfarmers, global insurance IT firm SSP has acquired the Asia-Pacific business of Insure/90…
Corporate
Corporates swoop on QBE shares
07 April 2008
Corporate buyers have swooped on QBE stock that was beaten down by jittery investors after the insurer’s net profit fell 6% short of analysts’ expectations in February...
… as QBE forecasts 19-20% profit target
07 April 2008
QBE has called for better regulation of local financial markets even as it displayed its confidence in hitting its 2008 profit prediction...
Lloyd’s reports $8.3 billion profit
07 April 2008
Lloyd’s says it is continuing to outperform its international peers after announcing a £3.8 billion ($8.3 billion) profit for last year...
NZ’s compo monopoly is a performer
07 April 2008
Under threat from private competition, NZ’s state monopoly Accident Compensation Corporation has released an independent report stating it’s a leading provider of personal…
Lumley forms new unit
07 April 2008
Lumley has consolidated three accident and health portfolios to form a new division, Lumley Accident and Health...
Calliden’s scholarship program for up and coming broker
07 April 2008
Calliden Insurance has launched its first annual $5000 scholarship for brokers working in account executive positions...
… and ANZIIF opens up for awards submissions
07 April 2008
ANZIIF is seeking nominations for its annual Australia and NZ insurance industry awards, which it runs in collaboration with Singapore publisher Asia Insurance Review...
Marck steps down from Lumley NZ’s top job
31 March 2008
Lumley New Zealand CEO Rieny Marck has announced his retirement after the company returned disappointing results to its Wesfarmers parent...
QBE scotches takeover talk
31 March 2008
QBE has scotched media rumours it is a potential takeover target, after the Australian Stock Exchange issued an official query following a sudden boost in the group’s share price...
Wesfarmers sells IT arm
31 March 2008
Wesfarmers Insurance Division has agreed to sell its insurance IT systems venture Koukia to UK firm SSP...
… but denies talk of an asset sale
31 March 2008
Wesfarmers has denied that it’s under pressure from international credit markets to sell assets to refinance $4 billion debt used in its purchase of Coles...
IAG urges Government to act on climate change
31 March 2008
The IAG-led Australian Climate Group is lobbying the Federal Government to stabilise its national greenhouse gas emissions by 2010 or risk disrupting the economy…
AIG provides for low-cost imports crises
31 March 2008
AIG Australia is offering a new type of insurance to cover the risk from companies importing potentially contaminated goods from overseas...
IAG expands into SME territory in UK
17 March 2008
IAG UK has made a strategic move into the SME sector with the acquisition of west London-based corporate commercial broker Barnett and Barnett...
Suncorp/Westpac in renewed merger speculation
17 March 2008
Rumours have resurfaced about a possible $11 billion Westpac bid for Suncorp...
New underwriting agency for SME market
17 March 2008
Three underwriting agencies have been rolled into one to form Winsure Insurance Group, a specialist in commercial lines for the SME sector...
New NZ motorbike database
17 March 2008
NZ motorcycle traders and insurers can now access detailed information on new and used models after the launch of a new database...
Analysts give IAG thumbs down, but QBE gets a tick
10 March 2008
IAG has been hit by analyst downgrades followings its announcement of a 68% fall in first-half profit at the end of last month...
Allianz Asia-Pacific enjoys 28% growth
10 March 2008
Allianz Asia-Pacific division’s operating profit increased by 28% last year to $499 million, with Australia responsible for 95% of the result...