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…
Corporate
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…
R&SA goes on CreditWatch negative
05 November 2002
Standard & Poor’s has placed its long-term A insurer financial strength and counterparty credit ratings of various Australian and New Zealand subsidiaries…
Crawfords open in Tasmania
05 November 2002
International adjusting and claims management firm Crawford & Company have opened their first office in Tasmania…
Suncorp annual results show forecasts for future underwriting profits
29 October 2002
First comes the expense of a major acquisition; then – eventually – come the profits from synergies…
OAMPS expands further with Bilmont buy
29 October 2002
Diversified financial services company OAMPS continues on its broker-consuming way, with the latest company to come under the company’s wing…
Netxsurance Brokers sold off
29 October 2002
Silvalake Financial Services Group has bought Sydney company Netxsurance Brokers, a wholly owned-subsidiary of NAQ Technology…
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…
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…