New Chairman for IBNA
29 October 2002
IBNA has selected Gary Gribbin, the CEO of medical indemnity insurer Professional Insurance Australia, as its new Chairman…
Corporate
Royal & SunAlliance ratings placed on CreditWatch negative
29 October 2002
Standard & Poor’s has also placed its A long-term counterparty credit and insurer financial strength ratings on the various operating entities of Royal & SunAlliance…
Zurich launches a web-based access system
22 October 2002
Zurich Financial Services Australia has launched a new web-based delivery system called Z.stream that it says are set to revolutionise the way brokers do business…
…and QBE/MM launches FSR product
22 October 2002
QBE Mercantile Mutual has launched its “FSR-enriched” EFT/Installment home product to run on the Sunrise Exchange network…
Zurich cuts 70 jobs
22 October 2002
Zurich Financial Services Australia has cut 70 jobs across all levels of the company as it undertakes an internal restructure under new CEO John Butler…
Alliance grows with IBNA
22 October 2002
A newly signed heads of agreement between Perth-based Alliance Finance Corporation and the Insurance Brokers Network of Australia will see Alliance distribute its products…
General insurance performance pleases Australian Unity
15 October 2002
Financial services, general insurance and healthcare provider Australian Unity has recorded a profit of $14.4 million for 2001/02, including first-time profits…
Mohl shakes up AMP structure
15 October 2002
New AMP CEO Andrew Mohl is moving quickly to bolster the company’s ailing British interests with a dramatic restructure…
Mohl vows to turn around AMP
08 October 2002
The newly appointed CEO of AMP, Andrew Mohl, has vowed to turn around the financially troubled company with his “true values based leadership”…
S&P’s lowers NRMA ratings
08 October 2002
Standard & Poor’s has downgraded the financial strength and counter-party credit ratings on NRMA Insurance and IAG New Zealand from AA+ to AA…
OAMPS gets further boost with Burke
08 October 2002
OAMPS has done it again, this time acquiring the general insurance broking business of Burke Australia Pty Ltd in Warragul, Victoria, bringing with it more than 350 clients…
Irishman replaces departing GAB Robins MD
01 October 2002
Keith Henry, long-serving MD of major loss adjusters GAB Robins, is leaving the company at the end of the month…
AMP shares rise as investors hear better news
01 October 2002
AMP shares jumped back up by 7% after investors were informed of news that the company has entered a new capital management plan to strengthen its financial position…
Mohl keeps the top job at AMP
01 October 2002
As we anticipated last week, Andrew Mohl has proved to be more than just a temporary fill-in for the top job at AMP…
Suncorp CEO resigns
24 September 2002
Suncorp MD and CEO Steve Jones has resigned from the company…
AMP shares dive on Pearl discovery
24 September 2002
AMP’s share price has fallen to a record low after investors learned last week that the UK-based Pearl operation is in breach of minimum capital requirements…
Happy 100th, Lumley
17 September 2002
Lumley has rebranded with a new logo to celebrate its centenary…
Zurich will survive in Australia: Butler
17 September 2002
Zurich Australia is confident of surviving in the local market despite a pullback announced by Global CEO James Schiro last week…
RACV under the gun
17 September 2002
Pressure is mounting on the largest remaining insurance mutual, Victoria’s RACV, to demutualise…
QBE Re manager recalls an embarrassing day
17 September 2002
Two senior QBE Re managers were at the reinsurance industry’s most important meeting last year when the parent company halted trading in its shares…