Poor returns will knock IAG
09 July 2002
Poor equity returns will affect the bottom line returns of many companies this year, with insurer IAG leading the rush to warn its investors that things aren’t all rosy…
Corporate
OAMPS breaks new ground
09 July 2002
Booker International Specialist Insurance Services, one of Australia’s largest underwriting agencies, has been acquired by the OAMPS group…
Robertson & Co finalises merger with world leader
09 July 2002
It’s official – Robertson & Company in Australia has been absorbed into international firm Crawford & Company, creating one of the largest independent loss adjustment…
CUNA Mutual takes stake in Finsure.Australia
02 July 2002
US-based insurer CUNA Mutual has acquired a 100% stake in insurance brokerage Finsure Australia as it moves to establish itself as the lead player in Australia’s healthy…
IAG looks to Japan for Asia entry
02 July 2002
Insurance Australia Group has entered into a “co-operative arrangement” with giant Japanese insurer Aioi as part of a long-term strategy to expand overseas…
New MD named at Australian Unity
02 July 2002
Australian Unity has appointed director Ian Ferres as the new group MD, replacing Mark Sibree who resigned in late May…
Austbrokers expands in Melbourne
02 July 2002
Austbrokers has bought into Victorian brokerage Fergusons, and Lach McKeough, the cluster group’s CEO, says continued expansion in Victoria is on the agenda…
OAMPS acquires David Jones
02 July 2002
OAMPS Insurance Brokers has made another acquisition to expand into the Illawarra region of NSW…
Lamble plans his Suncorp exit
24 June 2002
Suncorp Metway Chairman John Lamble is set to retire from the company by March next year after the release of the group’s interim results showed they were on track…
GAB Robins continues expansion up north
24 June 2002
GAB Robins is moving quickly to secure a dominant place in the Australian loss adjusting industry with the launch of yet another office, this time in Gladstone, Queensland…
QBE on target
24 June 2002
Despite QBE shares falling to an eight-month low last week, CEO Frank O’Halloran is adamant: earnings forecasts are right on track…
Suncorp Metway’s rating on the up
11 June 2002
Moody’s has upgraded its credit ratings for Suncorp Metway…
Sibree quits over board decision
04 June 2002
Australian Unity CEO Mark Sibree has quit following a tiff with company directors…
Keane sets a retirement date
04 June 2002
AAMI CEO Brian Keane will retire from the company on July 1. His replacement will be the present COO, Robert Belleville…
QBE sits tight as “crisis” story disintegrates
28 May 2002
QBE is keeping its powder dry over an article in Business Review Weekly suggested the Australian company is in big trouble…
AAMI set to increase its market share
28 May 2002
AAMI CEO Brian Keane is steering the company to awards a bigger share of the car insurance market after recording a 2001 operating profit of $69.8 million…
R&SA gets airborne
28 May 2002
Royal & Sun Alliance has moved into the increasingly competitive local aviation insurance market…
QBE tries a new tack on workers’ comp on Ansett claims
21 May 2002
In a bid to fight the increasing costs of claims, QBE Workers Compensation has announced a “new approach” to claims management…
… and WGB restructures to add value to loss adjusting
21 May 2002
Major loss adjuster Wyatt Gallagher Bassett is restructuring its loss adjusting division in a bid to improve its relationship with insurers and add value to its services…
OAMPS buys another
14 May 2002
The pace of mergers, acquisition and alliances at Melbourne-based diversified insurance group OAMPS hasn’t slowed at all since CEO Tony Robinson came on board…