R&SA profits but still no sale
14 May 2002
Royal & SunAlliance in Australia pushed its profit for 2001 up to $151 million, a big improvement on the $55 million recorded last year…
Corporate
Two more join Austbrokers
14 May 2002
Austbrokers has acquired a shareholding in two more companies…
R&SA continues to sell business arms
07 May 2002
Royal & SunAlliance still has its local life and funds management arm on the market, although MD Mike Wilkins said yesterday there’s nothing to report at this stage…
CGNU pulls in $104m local profit
07 May 2002
CGNU Australia Holdings posted a net profit of $104.5 million for 2001, according to accounts lodged with ASIC…
OAMPS buys into the UK market
07 May 2002
OAMPS has finalised the acquisition of British brokers Peter Sellers, a move that is expected to bring around $980,000 into the company’s UK operations…
Aviva gets the nod
29 April 2002
Ian Balfe, CEO of the local CGU arm of major international CGNU, will have a new brand to deal with now that the company’s shareholders in London have approved a new name…
QBE makes some more noise
29 April 2002
QBE’s Frank O’Halloran has put his money where his mouth is…
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…
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…