Robco merges with giant claims manager
23 April 2002
Loss adjusters Robertson & Co has announced it’s merging with Crawford and Company, one of the world’s largest providers of risk and claims management services…
Corporate
Royal & SunAlliance adopts a much sharper focus
23 April 2002
The bidders for its successful life and funds management businesses are forming a line at the gate as Royal & SunAlliance in Australia moves into a new era…
O’Halloran stays on the high road
23 April 2002
QBE Insurance expects a 20% jump in net earned premium to $5.5 billion by the end of the year, a figure that has reassured shareholders the company is regaining its strength…
OAMPS buys transport specialist
16 April 2002
OAMPS has merged its Sydney and Melbourne businesses with leading commercial transport insurance broking specialists Carlingford…
For sale: German insurer in good condition
09 April 2002
Local brokers are hoping the sale of German insurer Gerling won’t further restrict the local market if a company already operating here buys the company and absorbs it…
QBE raises more money through "hybrid equity" issue
09 April 2002
QBE’s move to refinance about $300 million of debt through the issue of debt-based securities has stirred some conflicting viewpoints among analysts…
Police sign up with CGU
09 April 2002
Victoria’s Police Credit Union has forged a deal with CGU that will see its 35,000 members offered special discounted rates…
Pacific makes waves with an HIH buy
03 April 2002
Newcomer Pacific Premium Funding has bought Integrated Commercial Finance, formerly known as HIH Premium Funding – a move that MD Grant Burley says cements…
Merger comes with a warning to small brokers
26 March 2002
It’s official. Well-known Sydney broker Wilburtins has bought CE McDonald’s Sydney operations…
Medical cover crisis: call for Government action
26 March 2002
Australia’s biggest medical insurer is in crisis, and the pundits are predicting another insurer collapse if an appeal for a Federal Government handout by June 30 fails…
QBE counts the cost of US disaster
19 March 2002
QBE Insurance has experienced its first loss in more than 20 years, with the September 11 terrorist attacks resulting in a “devastating” annual loss of $25 million…
OAMPS still on a brokerage buying spree
19 March 2002
OAMPS has again expanded its presence in the insurance market, with new acquisitions in WA and NSW that are expected to generate about $5 million in premium revenue…
ACC gets a good/better Best rating
19 March 2002
New Zealand’s government-owned Accident Compensation Corporation has been given an A+ rating by AM Best for maintaining superior capital adequacy ratios…
Trowbridge keeps on expanding
19 March 2002
Deloitte Touche Tohmatsu’s Australian-made subsidiary Trowbridge Consulting has expanded its operations into Spain and South Africa and now covers 16 countries across the globe…
BJS Insurance Brokers expands
12 March 2002
BJS Insurance Brokers has announced the acquisition of Adelaide brokerage Morris Lloyd…
Phillips Fox wins top insurance law firm award
12 March 2002
Phillips Fox’s insurance and financial services team has been named “Best Insurance Law Practice” in this year’s Australian Law Awards…
Suncorp shrugs off merger distractions
05 March 2002
Suncorp Metway has shrugged off the difficulties of assimilating the AMP/GIO General Insurance operation by posting a solid $154 million profit for the six months to December 31…
A good half-year for IAG
05 March 2002
Insurance Australia Group – formerly NRMA Insurance – has announced a $49 million net profit for the half year to December 31…
Insurers likely to lag other investments
26 February 2002
The eagerly awaited annual returns of several leading insurers will be revealed this week with earnings expected to have fallen as a result of the September 11 terrorist attacks…
Takeover creates local advantage
19 February 2002
The managers of Zuellig Insurance Brokers have bought the company from the Swiss parent, and now they’re concentrating on maximising their local opportunities…