IAG’s Endeavour late arriving
20 April 2004
Corporate
New construction underwriter enters industry
14 April 2004
Mechanical and Construction Insurance is the latest insurer to take advantage of the favourable market conditions in Australia…
Liability specialist opens in Sydney
14 April 2004
Professional liability underwriting agency Dual International is opening an office in Sydney…
CGU welcomes reforms with new cover
06 April 2004
CGU will be selling home warranty insurance in NSW and Victoria from the end of next month, says IAG Deputy CEO Ian Brown…
Who is QBE’s local takeover target?
06 April 2004
QBE Chairman John Cloney says the group will meet its full-year profit targets – 10% higher than 2003 – and increase net premium income by 12.5%…
Vero’s bid to increase brand awareness
06 April 2004
Promina general insurance subsidiary Vero has partnered with the Australian Graduate School of Management to create an employee marketing education program…
Allianz awards $38 million contract
06 April 2004
IT provider Computer Sciences Corporation (CSC) has signed a $38 million contract with Allianz Australia to provide the insurer with infrastructure and technology support…
Prefsure Life launches brand
30 March 2004
The Australian arm of Prefsure Life – a South African-owned life company which is best known for its 2003 acquisition of Lumley Life – will officially launch its name…
Promina’s outlook revised to positive
30 March 2004
Promina’s ratings have been raised from stable to positive…
China insurance coup by Australian company
23 March 2004
IBL Limited – which trades as RAIA Professional Risk Services and Planned Professional Risk Services in Australia – has entered into a joint venture…
Promina to raise an extra $250 million
23 March 2004
Promina is offering up to $250 million of Promina reset preference shares with the ability to accept over-subscriptions of up to A$50 million…
Marsh acquires Heath Lambert
16 March 2004
After long and not-so-secret negotiations, international broker Marsh has bought the Asia-Pacific operations of British broker Heath Lambert…
QBE on acquisition watch
16 March 2004
QBE CEO Frank O’Halloran has a way of getting speculative tongues wagging…
OAMPS enters sports and leisure niche
09 March 2004
Ever-expanding broking network OAMPS has bought national sports and leisure specialist IEA Brokers…
IAG consolidates its market lead
02 March 2004
Insurance Australia Group has further cemented its position as Australia’s leading insurance company, announcing a stronger than expected profit…
General insurance shines for Suncorp
02 March 2004
No 2 insurer, diversified financial services company Suncorp, has recorded an 81% increase in net profit to a record $281 million for the six months to December 2003…
Promina does well on debut
02 March 2004
Promina says it will raise up to $300 million for “growth projects” after a dream 2003 debut profit of $298 million – $110 million higher than predicted.
QBE surges back
02 March 2004
QBE Insurance appears to have shaken off bad memories of September 11 with a record 105% increase in net profit for 2003…
Better equity markets help Axa profit
02 March 2004
In keeping with other financial services groups, Axa Asia Pacific Holdings has recorded strong profits for 2003 with a 97% increase in after tax profit…
SRS sets up construction facilities
02 March 2004
SRS Insurance Group has established two separate construction underwriting facilities, one for material damage and the other for liability.