Aon Pacific does its own thing
14 November 2006
Global broker Aon Group has separated its Asian Pacific business from its European, Middle East and African operations in a bid to better serve clients and execute their demands…
Corporate
FM Global drops premiums
14 November 2006
FM Global is a company that doesn’t mind giving back to its customers after experiencing good times…
IAG opens new call centre
14 November 2006
IAG New Zealand has opened a purpose-built business and call centre in Christchurch…
Promina delivers ACCC submission
07 November 2006
Promina and Suncorp have delivered their submission over their proposed $7.9 billion merger to the Australian Competition and Consumer Commission…
Wesfarmers declares OAMPS deal unconditional
07 November 2006
Perth conglomerate Wesfarmers has declared its $700 million bid for broking network OAMPS free from all conditions – including 90% minimum acceptance…
Abuse claims pit school against Aon
07 November 2006
Brisbane Grammar School is locked in a legal stoush with its insurance broker, Aon, after insurers refused to pay out a successful compensation claim…
Vero buys PI insurer
07 November 2006
Promina subsidiary Vero has entered into an agreement to acquire specialist professional indemnity underwriter APUA…
Suncorp CEO tips more consolidation
31 October 2006
Suncorp CEO John Mulcahy has forecast more consolidation in Australia’s financial services sector as the nation’s big banks prepare to release their results…
Promina shareholder pulls pin fast
31 October 2006
Promina’s largest shareholder, Perpetual Investments, has begun to wind back its exposure following the announcement of the merger agreement with Suncorp…
Calliden on acquisition trail
31 October 2006
Sydney-based Calliden Group has acquired a specialist motor underwriting agency catering for veteran, vintage and classic vehicles, and the learner driver and young driver markets…
It’s mutual: Australian Unity approves changes
31 October 2006
Members of Australian Unity have approved a permanent change to its constitution regarding information disclosure and voting requirements for a demutualisation proposal to be passed…
Axa sales on the up
31 October 2006
Axa Asia Pacific has reported a 93% increase, to $2.19 billion, in net retail fund flows for its Australian and NZ operations for the nine months to the end of September…
Suncorp and Promina do a deal
24 October 2006
After much speculation, debate, commentary and analysis, Suncorp and Promina Group have entered into a merger implementation agreement that is expected to result in…
Tower downgraded to a sell
24 October 2006
Merrill Lynch has downgraded trans-Tasman insurer Tower to a “sell” from “hold”, saying a demerger will reduce the earnings of Tower’s Australian operation…
Suncorp’s bid may flush out competitors
17 October 2006
Brisbane-based Suncorp is keen to finalise its merger bid for Promina after it had to release the details early following a leak to the market last week…
… but who will lead?
17 October 2006
There’s plenty of speculation on how a merged Promina and Suncorp might look…
Renaissance has a renaissance
17 October 2006
NSW-based Renaissance Underwriting has been rebranded as Altiora Insurance Solutions, incorporating its recent merger with Aradlay Insurance Brokers…
Wesfarmers well on its way
10 October 2006
The Wesfarmers bid for full control of OAMPS is proceeding well…
Calliden takes stake in sports underwriter
10 October 2006
Sydney-based Calliden Group has taken a 50% stake in new niche agency Sports Underwriting Australia…
Medibank’s plan no big concern
10 October 2006
Government-owned health insurer Medibank Private’s thoughts on branching out into general and life insurance products shouldn’t overly concern the industry…