We’re not for sale, says Allianz
03 June 2003
Allianz Australia’s continuing underwriting woes have sparked media speculation that the company is up for sale, an assertion that CEO Terry Towell was swift in hosing down…
Corporate
Lumley sale looms
03 June 2003
Reliable industry sources say the privately owned Lumley Insurance Group is on the verge of being sold, with final negotiations being completed and an announcement expected…
Brierley steps in to stop Tower toppling
03 June 2003
Sir Ron Brierley’s Guinness Peat Group has offered to support troubled NZ life insurer Tower by underwriting a $177 million capital-raising…
Promina ratings rise
27 May 2003
Who said Australian insurance operations needed to hang on to their foreign parents’ apron-strings to get a decent rating…?
IAG on track
27 May 2003
IAG says it is on track to achieve expected synergies and cost savings from its $1.86 billion acquisition of CGU and NZI…
More bad news from Tower
27 May 2003
Australia’s life insurance market has plummeted into more strife after trans-Tasman insurer and fund manager Tower announced it will make a first-half loss of about $159.6 million…
OAMPS acquires Adelaide broker
27 May 2003
OAMPS is staying on the acquisition trail, with the most recent being the general insurance portfolio of Adelaide-based brokerage Stuart Mortimer & Associates…
Venture capitalists circle AMP’s UK spin-off
20 May 2003
AMP CEO Andrew Mohl has another pressing issue to consider…
Promina makes a dream debut
13 May 2003
Promina CEO Mike Wilkins must be smiling after his new company floated on the ASX yesterday afternoon, and immediately attracted a 14.7% premium on the retail float price…
What caused AMP to buckle?
13 May 2003
As we say farewell to about $1.8 billion heading off to prop up R&SA, it’s time to take a look at another great contributor of Australian capital to the British economy…
IAG reorganises NZ operations
13 May 2003
IAG New Zealand has presented proposals to its 1800 staff that will see the company reorganising its operations by the end of the year…
OAMPS set to soar
13 May 2003
Big Australian broker OAMPS is confident of outperforming its 2001/02 net profit by at least 45%…
AMP: a two-from-one split to avert disaster
06 May 2003
AMP was one company no one ever thought would be a takeover prospect. It was too big, too profitable. But as its share price headed south yesterday, the realisation came…
Promina in the clear, say analysts
06 May 2003
Speculation that the AMP’s $1.5 billion capital-raising might interfere with the Promina float has been discounted, with CEO Mike Wilkins reportedly relaxed about the situation…
Loss adjusters contemplate a merger
06 May 2003
Two of Australia’s major loss adjusting firms, McLarens Toplis and Freemans Group, are discussing a merger as the profession continues to consolidate at the top end…
Promina overcomes AAMI hiccup
29 April 2003
You don’t often hear of a subsidiary having a bit of a spat with its parent, but then again you don’t often come across a subsidiary quite as dominant as AAMI…
Promina’s new general insurance progeny – Vero
23 April 2003
Promina’s intermediated general insurance businesses in Australia and NZ have changed their name from Royal & SunAlliance to Vero…
Promina: how’s the float actually going?
23 April 2003
While Promina is remaining relatively tight-lipped in regards to the progress of its $2 billion float, the media has been telling its own stories…
OAMPS adds another to its list
23 April 2003
OAMPS has acquired SA broker Stuart Mortimer & Associates, which specialises in licensed post offices and newsagents…
QBE set to surge
15 April 2003
QBE is on-track to exceed its target of a 50% increase in net operating profit this year…