Axa’s billion dollar buyout strategy
10 August 2004
The French parent of Axa Asia Pacific Holdings, Axa SA, has made a $3.1 billion bid for the minority shareholding in the company to improve its capital structure…
Corporate
New director for AMP
10 August 2004
AMP has announced the appointment of financial services professional John Astbury as a non-executive director, leaving Richard Grellman as the only director…
Paradine goes to LawCover
03 August 2004
The LawCover group of companies has appointed former Marsh Asia-Pacific Chairman Terry Paradine as Chairman…
Zurich rating confirmed
03 August 2004
Standard & Poor’s has affirmed its “A” insurer financial strength and counterparty credit ratings on non-life insurer Zurich Australian Insurance and life insurance subsidiary Zurich Australia…
AMP may gain greater foothold in India
03 August 2004
AMP may benefit from a foreign investment decision being debated in the Indian parliament…
Risk management for charities
03 August 2004
Broker Arthur J Gallagher has launched a new website aimed at not-for-profit organisations to access risk management products and resources…
Zurich launches risk tools
27 July 2004
As part of its broader push into the life risk market, Zurich Financial Services Australia is launching new risk tools aimed at supporting advisers…
Vero NZ buys auto insurer
27 July 2004
Promina subsidiary Vero New Zealand will acquire the motor vehicle, consumer goods warranty and credit insurance business of NZ insurer Autosure Group Holdings…
Name change for Guardian
20 July 2004
Guardian Trust Funds Management, one of New Zealand’s largest investment managers, has changed its name…
Adjuster opens three more offices
20 July 2004
Big three loss adjuster GAB Robins has opened three new offices, taking its total number of offices to 68 across Australia and NZ…
IAG wins $35 million
20 July 2004
IAG will be given $34.1 million as part of a settlement of a seven-year-old dispute with a US insurer…
Zurich unworried by APRA probe
13 July 2004
The Swiss parent of Zurich Australian Insurance isn’t at all worried about the Australian Prudential Regulation Authority’s review of past reinsurance arrangements…
IAG takeover only travels halfway
13 July 2004
IAG New Zealand has bought half the shares in Mike Henry Travel Insurance, despite getting a clearance from the NZ Commerce Commission to acquire the entire operation…
Tower stands strong
13 July 2004
Things are looking better for leading NZ life insurer and fund manager Tower Group than they were a year ago, when the vultures were circling to see what could be stripped…
QBE: we make our own decisions
13 July 2004
Top-five Australian insurer QBE doesn’t use expensive outside advice when it’s considering new M&A opportunities…
Mercantile Mutual’s rating falls
06 July 2004
Standard & Poor’s has lowered the rating on Mercantile Mutual Insurance after the company was acquired by QBE…
O’Halloran ponders life after QBE
06 July 2004
After almost three decades with QBE Insurance CEO Frank O’Halloran says he’s beginning to ponder life after insurance…
GE moves in with Pacific Premium Funding
29 June 2004
GE Commercial Finance Australia/New Zealand has announced a joint venture agreement with Pacific Premium Funding to develop a specialist insurance premium funding company…
IAG NZ buys travel insurer
29 June 2004
IAG New Zealand has continued to make inroads into the NZ insurance market after receiving authorisation from the Commerce Commission of New Zealand…
IAG completes $414 million buy-back
22 June 2004
IAG has completed an off-market buy-back with 94 million shares sold at $4.40 per share…