Promising results for IAG
26 August 2003
Michael Hawker, CEO of No 1 general insurer Insurance Australia Group, has taken advantage of the most profitable market in years and the purchase of a top 10 competitor to record…
Corporate
Record profit for QBE
26 August 2003
QBE has announced a half-year net profit of $241 million, compared with $115 million for the same period last year…
OAMPS continues acquisition plan
19 August 2003
Major broker OAMPS is adding two more brokerages to its expansive portfolio…
Insurers tell all this week
19 August 2003
AMP is set to announce its results on Wednesday, with shareholders expecting a first-half loss of more than $2 billion on top of the group’s $2.6 billion writedowns…
Another horror week for Mohl
12 August 2003
It’s been a horror week for AMP CEO Andrew Mohl…
IAG spins Circle off into NZI
12 August 2003
Just a couple of years after being created to capture a slice of the NZ broker market, IAG subsidiary Circle is heading into a quiet retirement…
For sale: one life insurance company
05 August 2003
Want to buy a thriving life company that nobody else seems to want…?
Swiss Re Australia’s rating lowered
05 August 2003
The global equities downturn and continuing capital shortages are being felt at the top end of the industry, with local reinsurer Swiss Re Australia copping a ratings downgrade…
IBNA admits more funders
29 July 2003
Perth-based Alliance Finance no longer has exclusive access to the members of cluster group IBNA…
QBE top at Lloyd’s
29 July 2003
QBE has increased its underwriting at Lloyd’s by 25% to become the largest underwriter in the market…
QBE wants to buy smaller local insurers
22 July 2003
QBE has its eye on the local regional market to buy small general insurance businesses, and may already be engaged in purchase negotiations, according to a report from New York…
Investors return to QBE
08 July 2003
QBE Insurance shares peaked at their highest level since September 11 2001 last week, with analysts saying investor confidence in the group has been restored…
Clock ticks for Tower
08 July 2003
After a hectic week of shareholder meetings, an attempted high court injunction and a lot of board meetings, troubled Trans-Tasman life insurer Tower has decided shareholder…
Suncorp: we’re not splitting
01 July 2003
Suncorp Metway’s new MD John Malcahy says the group’s banking and insurance businesses won’t be split despite analysts’ predictions that they would…
Tower ponders limited options
01 July 2003
Troubled Kiwi life insurer Tower is providing shareholders with some sleepless nights as they ponder two conflicting proposals to recapitalise the distressed insurer…
MBF chief has eyes for his old firm
17 June 2003
Private health insurer MBF plans to expand into personal investment and further consolidate Australia’s 42 health funds…
QBE raises $376 million in US market
17 June 2003
QBE has raised $US250 million with the successful issue of subordinated notes in the US market…
IAG steps on the brakes
10 June 2003
Insurance Australia Group CEO Michael Hawker has called a halt to Australian acquisitions for a while…
AMP gives undertakings on demerger
10 June 2003
Discussions yesterday morning with AMP Chairman Peter Willcox and CEO Andrew Mohl on AMP’s current offer to shareholders have reassured ASIC Chairman David Knott…
Lumley faces a rating drop
10 June 2003
Standard & Poor’s has placed the Lumley Group’s ratings on CreditWatch Negative following the announcement of its proposed acquisition by Wesfarmers…