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”…
Corporate
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…
IAG company secretary walks
17 September 2002
IAG has lost one of its high-profile female executives…
OAMPS acquires Spencer Jones
17 September 2002
Diversified insurance group OAMPS has continued with its remarkable acquisition spree, sweeping up Chatswood-based Spencer Jones Insurance Brokers…
Marsh appoints new GM for southern region
17 September 2002
Marsh has appointed a new GM, Southern Region, for its Victorian and Tasmanian operations…
QBE raises $270 million
10 September 2002
QBE CEO Frank O’Halloran has again demonstrated his supreme confidence in the company’s future by raising $270 million to fund expected premium growth, with the issue of…
Zurich Australia ratings lowered
10 September 2002
Standard & Poor’s has lowered its insurer financial strength and counterparty credit ratings on Zurich Australia from A+ to A, and in a move that has negative implications…
Profits plunge as Aussie insurers ante up
03 September 2002
No insurers – in Australia or practically anywhere else – are particularly happy with their financial results this year, which is bad news all-round, particularly for insurance-buyers…
GIO shines for Suncorp
03 September 2002
Suncorp’s poor investment returns and non-cash charges for goodwill arising from the group’s $1.4 billion acquisition of the GIO business last year made the 2002 result…
QBE looks forward to better times
03 September 2002
Frank O’Halloran has typically focused not on the group’s loss for the year but on the hopefully brighter future…