Axa set to move into India
19 April 2005
Melbourne-based Axa Asia Pacific is poised to sign an agreement with a joint venture partner in India over the next few months…
Corporate
South African group launches real Australian product
19 April 2005
One of South Africa’s largest general insurance groups, Hollard, is building its public awareness in Australia through its Real Insurance direct brand…
Regulatory issues forced Trowbridge Deloitte split
12 April 2005
“Regulatory concerns” forced Trowbridge Deloitte to split into two units, general insurance and financial services…
Trans-Tasman face for Tower’s NZ General Insurance
12 April 2005
NZ insurer Tower has appointed a new head for its general insurance and direct risk business, with Australian financial services consultant Pieter Lindhout starting in the new job…
Top insurance salaries in line with other industries
05 April 2005
Insurance executives may have experienced some tidy pay increases this year, but it’s all relative…
Trans-Tasman the magic word for Asteron
05 April 2005
Asteron, the financial services division of the Promina group, has adopted a trans-Tasman initiative to align the company’s Australian and New Zealand businesses…
Assetinsure moves into healthcare
05 April 2005
Sydney-based insurance company Assetinsure has announced it will support a new specialist underwriting agency, Healthcare Underwriting Agency…
SRS pushes Australian presence
30 March 2005
SRS Underwriting Agency has extended its Australian presence beyond Melbourne and Brisbane, opening offices in Sydney…
QBE snaps up Concord group
15 March 2005
Leading underwriting agency Concord Insurance Group has become a fully owned operation of QBE Insurance…
FM Global posts strong results
15 March 2005
Commercial and industrial property insurer FM Global continues to make strong inroads into the Australian market…
AMP Capital seeks substance over rules
15 March 2005
AMP Capital Investors – which each year votes on 1600 resolutions at shareholder meetings – has released its bi-annual “corporate governance update”…
New frontiers for QBE
08 March 2005
International player QBE Insurance has moved into the Latin American market and bolstered its already considerable European operations…
ING profits boosted by insurance division
08 March 2005
Fund manager and life insurer ING Australia has reported a 52% increase in net profit to $327 million for 2004…
Aon takes Comcover off Marsh
08 March 2005
Aon Australia has picked up another large contract off arch-rival Marsh, signing a three-year deal to provide Comcover with insurance and risk management services…
ReAC’s renaissance
01 March 2005
Shareholders of one of the last local reinsurers swept away by the industry shake-up of the late 1990s – Reinsurance Australia Corporation – have voted to change…
43% profit increase for QBE
01 March 2005
QBE Insurance has recorded a record operating net profit of $820 million – a massive jump of 43% on the corresponding period – for the year ended December 31…
IAG buff and looking for more muscle
01 March 2005
IAG’s strong net profit of $446 million for the six months to December 31 was bolstered by robust trading conditions and record levels of investment income…
Suncorp thrives in tough market
01 March 2005
Suncorp has reported a 47% increase in net profit to $413 million for the six months to December, although there are signs the good times are unlikely to last…
OAMPS posts record profits
01 March 2005
OAMPS Group has reported a record net profit after tax of $11.9 million for the six months to 31 December – an increase of 22.7% over the corresponding period in 2003…
The fall and rise of AMP
22 February 2005
Last year AMP seemed such a mess that no one really wanted to talk about takeovers…