NZ rural insurer moves to the city
08 November 2005
NZ insurer Farmers Mutual Group has moved its head office – and one third of its staff – to Wellington…
Corporate
Ace marks anniversary with charity
08 November 2005
The Ace group of companies observed its 20th anniversary yesterday by running a “global day of service”, with employees in offices around the world taking on local community…
Suncorp pushes ahead despite risky outlook
01 November 2005
Suncorp has recorded a 33% increase in general profit to $821 million for this financial year but increases in underlying profit will be slower if the general insurance trading margin…
Zurich sends team to help US colleagues
01 November 2005
Zurich Australia has sent a team of claims professionals to help Zurich North America Commercial deal with claims resulting from hurricanes Katrina and Rita…
Lumley Marine still a goer
25 October 2005
Lumley Marine received a slap in the face last week when Vero Marine poached three of its top managers, but the company has reassured the market it still intends to have a strong…
QBE looks to Latin America while IAG looks past Asia
25 October 2005
QBE Insurance Group expects to increase its premium growth in Latin America by 15% next year due to higher renewal rates, according to the group’s CEO for Latin America, José Sojo…
PI Direct sells to London specialists
25 October 2005
Brisbane-based specialist professional indemnity broker PI Direct has been sold to senior executives of an unrelated UK company, PI Direct Holdings…
Zurich Australia boosts life policies
25 October 2005
Zurich Financial Services Australia is upgrading more than 50,000 life risk insurance policies to assist intermediaries and their clients…
IAG in China: same story, different day
11 October 2005
News last week that IAG is looking at Asian acquisitions as part of its growth strategy is nothing new, according to the giant insurance group…
Promina Group acquires boutique operator
11 October 2005
Promina Group’s trans-Tasman financial services business, Asteron, has acquired the boutique corporate superannuation services provider Standard Pacific…
Australian Unity set on path to demutualisation
11 October 2005
Australian Unity members have given the go-ahead for demutualisation…
Calliden considers next moves
11 October 2005
Sydney-based Calliden isn’t worried by a saturated market and has identified a number of areas that it will look at to tap into further growth…
QBE keeps on buying
04 October 2005
After purchasing specialist marine insurer British Marine Holdings for $270 million last week, QBE Insurance expects to spend as much as $500 million more on another two sizeable…
… while IAG is still searching
04 October 2005
IAG is still on the acquisition trail in Asia, searching for a good deal in Malaysia, Thailand, China, India, Singapore or Hong Kong…
Cambridge expands its services
04 October 2005
US global outsourcing company Cambridge Integrated Services, which has a Victorian branch that specialises in workers’ compensation, has expanded its operations to cover…
IAG signs up for Melbourne CBD site
04 October 2005
IAG has committed to a pre-lease deal for a new building in the Melbourne CBD that will bring all its operations under one roof…
Lips sealed on Austbrokers float
27 September 2005
Everyone in the industry seems to know something about ING’s plans for the $100 million float of the operations of its broker cluster Austbrokers, but the group itself is remaining…
New entrant flies into general aviation market
27 September 2005
Assetinsure has entered the general aviation insurance market as Assetinsure Aviation, and has begun trading throughout Australia and the Pacific region…
OAMPS directors offload shares
27 September 2005
OAMPS CEO Tony Robinson and fellow director Hugh Robertson have sold a substantial number of their personal shares in the company…
Zurich sells out of AFS
27 September 2005
Zurich Financial Services Australia is continuing to divest itself of non-core distribution channels by announcing it will relinquish its 39.7% holding in…