Promina spreads its wings
07 December 2004
Vero Insurance has acquired Marsh subsidiary Aviation Office of Australia…
Corporate
AJG acquires FPE
07 December 2004
International broking network Arthur J Gallagher & Co has acquired Sydney-based FPE Insurance Brokers…
TIO posts record profit
07 December 2004
Australia’s last state insurer, the Darwin-based Territory Insurance Office, has announced a record profit of $24.9 million before tax for 2003/04…
Tower spin-off gets thumbs up
07 December 2004
The spin-off of Tower’s Australian Wealth Management business is in the best interests of shareholders, according to an independent report by corporate advisory firm…
IAG aims for sustainability
16 November 2004
IAG is on track to achieve key targets for the full year, according to Chairman James Strong…
Peaky or profitable?
16 November 2004
Insurers can still make more money at the peak of the cycle, but not by increasing premiums or cutting corners, according to Suncorp CEO John Mulcahy…
S&P upgrades Allianz rating
09 November 2004
Standard & Poor’s has raised the financial strength and counterparty credit ratings of Allianz Australia and its associated company, Allianz New Zealand…
Heard the one about IAG and QBE…?
09 November 2004
Meanwhile, IAG CEO Michael Hawker’s visit to QBE Australia’s Raymond Jones last month is still getting the Sydney Morning Herald excited…
Suncorp forecasts good times ahead
02 November 2004
Suncorp’s general insurance premium growth in the first three months was in line with expectations and is on track to reach 6% for the year, according to CEO John Mulcahy…
QBE securities success
02 November 2004
QBE Insurance has sold $295 million of securities to the United States investor market to raise funds for increased risk-based capital requirements for 2005 in its Lloyd’s operation…
Ace rating falls
02 November 2004
Standard & Poor’s has revised its outlook on Ace and some of its subsidiaries – including Ace Australia and Ace New Zealand – to negative from stable…
Lloyd’s gets new representative
02 November 2004
Former Copenhagen Re CEO Andrew Allison has set up CBD Syndicate Underwriting in Sydney in a bid to offer Lloyd’s reinsurance products direct to the Australian market…
OAMPS acquires AIB Darwin
02 November 2004
National network OAMPS Insurance Brokers has continued its move into the bigger broking operations with the acquisition of the Darwin business of AIB Insurance Brokers…
OAMPS buys major broker
26 October 2004
National broking network OAMPS has snapped up ZIB Group Holdings, boosting its share of small and medium enterprise and specialty markets…
Axa backs away from buyout plan
26 October 2004
French insurance giant Axa SA has backed away from its proposal to acquire the remaining 48.3% of shares in Axa Asia Pacific Holdings after talks with the local board broke down…
CGU wins round one
26 October 2004
CGU Insurance won round one of the legal battle on who should foot the bill for compensation paid to investors affected by crook advisers…
Managers join in new Dexta structure
19 October 2004
Private equity manager Ironbridge Capital has taken a majority stake in underwriting agency Dexta Corporation in partnership with the company’s management…
Aon sells Cambridge stake
19 October 2004
Singapore-based Scandent Group has bought a majority stake in former Aon-owned claims administration business Cambridge Integrated Services Group…
QBE staying put, says CFO
12 October 2004
QBE Insurance won’t be following James Hardie Industries and News Limited in basing its operations outside Australia…
Merger buzz falls flat
12 October 2004
Fairfax – which publishes BRW as well as the Sydney Morning Herald and The Age – has had a bit of a thing about QBE recently…