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…
Corporate
Aon counts the cost of WTC attack
19 February 2002
The September 11 attack(s) on the World Trade Centre had a double impact on No 2 global broker Aon: it cost the lives of some of the company’s top retail brokers, and…
Willis does a lot better in 2001
19 February 2002
Willis has reported record profits for both the final quarter of 2001 and the full year ended December 31…
OAMPS lifts its profit
12 February 2002
Listed insurer OAMPS has achieved a 40% increase in its operating profit for the six months to December 31, returning $7.7 million…
IAG imports some heavyweight executives
12 February 2002
Michael Hawker, CEO of the newly badged IAG (formerly NRMA Insurance) has announced a revamp of the No 1 insurer’s top ranks…
QBE’s Lloyd’s stake stays at 2001 level
05 February 2002
QBE has fallen to second place on the Lloyd’s list that really matters – the capital providers…
Goodbye, GIO
05 February 2002
GIO has gone, replaced by a run-off company…
QBE: money in the bank and shares rising
23 October 2001
QBE’s Frank O’Halloran has had a remarkable past month as his company’s fortunes have see-sawed under the impact of the September 11 attacks…
QBE needs $600 million more to compete: analyst
16 October 2001
QBE chief Frank O’Halloran has something else to worry about…
Delphi, 3rdmill get together
09 October 2001
Software supplier Delphi Information Systems has reached a new deal with 3rdmill, an application and content management company…
NRMA sells its building society
02 October 2001
No 1 insurer NRMA has sold its building society for $138 million…
Suncorp seals AMP deal
02 October 2001
Suncorp Metway has completed the acquisition of the AMP, with the settlement finalised late last week…
QBE says it’s $250 million, and that’s all
02 October 2001
QBE is sticking by its “best estimate” of a net loss of $250 million from the US attacks, despite some sniping from media commentators…
QBE deals with its New York fallout
25 September 2001
For QBE Insurance Managing Director Frank O’Halloran, the past couple of weeks since the terrorist attacks on America have been devastating…
CGU reviews its exposures
25 September 2001
CGU in Australia is “reviewing its potential exposures” following the New York disaster…
QBE exposure leads to market rout
18 September 2001
QBE’s share price has been hammered by private and institutional investors alike since it announced yesterday afternoon that it has a big exposure to the New York disaster…
RACV awarded $3 million in IT case
18 September 2001
RACV Insurance has won its lawsuit against IT company Unisys, and has been awarded $3 million in damages…
NRMA decides to rebrand
11 September 2001
NRMA now has a new CEO and – very shortly – a new name…
AMP seeks London Listing
11 September 2001
AMP’s plan to become listed on the London Stock Exchange will allow the Australian financial services giant to access global capital and cut costs, thanks to Britain’s lower corporate taxes…
A happy half-year for QBE
04 September 2001
QBE is starting to realise the benefits of a number of global acquisitions and other initiatives with an increase of 56% in net profit after tax for the half-year…