Suncorp in M&A speculation again
25 July 2006
It’s only media speculation, but Brisbane-based Suncorp is at the centre of acquisition rumours again…
Corporate
Stardex a new underwriting force
25 July 2006
Underwriting agency Dexta Corporation has formed a central controlling company, Stardex Insurance Group, to better diversify and promote growth…
Axa drops Winterthur Japan acquisition
25 July 2006
Despite entering an agreement last month, Axa Asia Pacific Holdings has decided not to buy the Japanese operations of global insurer Winterthur Group…
Euler Hermes finalises takeover
25 July 2006
International credit insurer Euler Hermes has finalised its acquisition of Lumley General Insurance’s credit insurance business in Australia and NZ…
OAMPS partners with HSBC
18 July 2006
OAMPS Insurance Brokers has linked up with HSBC Bank Australia in a bid to offer insurance solutions to the bank’s commercial customers…
OAMPS shrugs off de-merger rumour
18 July 2006
OAMPS isn’t about to split its banking and broking operations and it wouldn’t talk about it even if it was…
Suncorp an investment risk: Citigroup
18 July 2006
Queensland bancassurance group Suncorp is struggling for growth opportunities and represents a “medium risk” investment, according to Citigroup Investment Research…
Horsell increases its profile
11 July 2006
Broker Horsell International has acquired Melbourne brokerage Stewart Haig Insurance Brokers and Weston Insurance Services – which operates in both Sydney and Melbourne…
China deal will take a while for IAG
11 July 2006
IAG’s latest Asian acquisition could take up to four months to complete, with Chinese regulators set to pore over every detail of the deal…
New CEO at Nautilus
04 July 2006
Ian Frith, the recently retired founder of heavyweight national insurance broker IC Frith & Associates, has become CEO and major shareholder of Nautilus Marine Underwriting…
Australian Unity votes to stay mutual
04 July 2006
Australian Unity members have voted against demutualising the organisation…
IAG buys 24.9% stake in Chinese insurer
04 July 2006
IAG has finalised its deal to buy nearly a quarter of China Pacific Property Insurance for $375 million…
QBE demands confidential details
04 July 2006
IAG and Suncorp have directed their external law firms not to provide confidential claims data and fee arrangements to QBE as part of a tendering process.…
Marsh creates single region for Asia Pacific
04 July 2006
Global broking giant Marsh has announced an international restructuring that will combine its Asia and Pacific operations into one unit…
Axa SA to try again
27 June 2006
French insurance giant Axa SA is making a second attempt to completely take over Melbourne-based Axa Asia Pacific…
Another underwriting agency goes with Lumley
27 June 2006
Sydney-based underwriting agency Dual Australia has signed an agreement that will see it writing business on behalf of Lumley General Insurance…
Gallagher Bassett expands
27 June 2006
Claims administrator Gallagher Bassett Services will expand into the South Australian market with the purchase of WorkCover services provider IMA Consulting…
Allianz to provide ABL workers’ comp
27 June 2006
Allianz Australia and NSW’s largest business organisation, the Australian Business Limited State Chamber of Commerce, plan to sort out a cheaper workers’ compensation scheme…
IAG builds its Asian foundations
20 June 2006
Insurance Australia Group has expanded its Asian operations by purchasing a new managing agency from Lloyd’s of London that will operate under the name Alba Group…
Vero buys stake in surety bond company
20 June 2006
Vero has acquired 50.5% of a company that arranges contract surety bonds and commercial surety bonds for the construction and engineering industry in Australia and New Zealand…