QBE holds its A+ rating
04 February 2003
While many other insurers – locally and internationally – are struggling to stay away from a negative ratings creditwatch, local insurance group QBE is doing well, thanks…
Corporate
Marsh acquires Melbourne broker
17 December 2002
Mega-broker Marsh has acquired the Melbourne broker Lowe Lippmann Bott…
Investment plunge: Everyone loses
17 December 2002
All around the world, insurance companies – life and general – have taken a savage pounding from the sharemarket…
IAG buys CGU
17 December 2002
In October UK-based global insurer Aviva announced plans to sell its Australian and NZ general insurance businesses to IAG…
NTI launches trucking solution
10 December 2002
A call centre with 24-hour medical assistance and advice aimed at helping truck drivers at the scene of accidents has been developed by National Transport Insurance…
IAG discounts its share offer
10 December 2002
Now that he has CGU and NZI firmly in his grasp, IAG CEO Michael Hawker still has to pay for them – and that’s not proving too easy in the present market environment…
Merrill Lynch values R&SA at $2.1 billion
10 December 2002
Stockbroker Merrill Lynch predicts the market value for the Asia-Pacific assets of Royal & SunAlliance could stand at $2.1 billion…
Zurich ditches direct, goes for broker
03 December 2002
Zurich has agreed to sell its direct personal lines insurance portfolio to QBE as part of a strategy to focus on its intermediated insurance business…
IAG will hold a big wedge of the general insurance market
03 December 2002
The ACCC’s approval of IAG’s acquisition of Aviva’s Australian general insurance business CGU will give IAG CEO Michael Hawker a huge insurance empire that controls more…
IAG offer fails to enthuse shareholders
26 November 2002
IAG won’t be happy with the way its discounted share offer went last week, with nearly $300 million of stock left on the shelf by investors last Friday…
Concord celebrates 25 years in style
26 November 2002
Concord Insurance Group celebrated its 25th Anniversary with a 350-guest dinner at Melbourne’s prestigious Regent Theatre Plaza Ballroom at the weekend…
‘NRMA’ tops insurance brands survey
26 November 2002
A magazine’s annual survey of Australians’ most trusted brands and professions suggests the IAG brand is taking a while to catch on with customers…
Suncorp picks a banker, too
19 November 2002
Number 2 insurer Suncorp has appointed former Commonwealth Bank senior executive John Mulcahy as its new MD and CEO to replace Steve Jones…
IAG still hurt by weak equity markets
19 November 2002
IAG exceeded operating targets for the first three months of the year, but bottom-line earnings are still being hurt by falling equity markets, shareholders were told…
NTI takes on Tassie
19 November 2002
National Transport Insurance has expanded its network of offices into Tasmania…
Big questions surround R&SA float
12 November 2002
Will the public float of Royal & SunAlliance’s Asia/Pacific assets be a success..?
AMI profits in wake of NZ weather disasters
05 November 2002
New Zealand general insurer AMI Insurance has achieved a profit of $NZ12.1 million for the year – down on 2001 but generally regarded as a solid result in light of the difficult…
Tower has its own problems
05 November 2002
Tower has reportedly abandoned plans to buy Royal & SunAlliance’s financial services assets, which have been on the market for several months…
IAG settles down NZ merger
05 November 2002
New Zealand brokers may find their options squeezed after the IAG purchase of Aviva’s Australian and NZ general insurance units…
Gerling: business as usual
05 November 2002
Gerling Global Re might have gone into run-off, but its local general insurance operation, Gerling Australia Insurance, is still doing business in the local market…