CGU reviews its exposures
25 September 2001
CGU in Australia is “reviewing its potential exposures” following the New York disaster…
Corporate
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…
NRMA does okay with good second half
04 September 2001
Okay, so it wasn’t a great result for Australia’s largest general insurer…
RACV falls short of its target
04 September 2001
RACV Insurance isn’t sharing NRMA’s cheer from its annual results…
Wanted: a new name for NRMA
04 September 2001
NRMA is rumoured to be looking for a new name…
Suncorp/RACQ deal gets the nod from ACCC
04 September 2001
Suncorp Metway has convinced ACCC regulators that it should be able to buy AMP’s stake in the joint venture with RACQ…
Australian operations rescue globally minded AMP
28 August 2001
After years of talking up its strategies in the British and European markets, AMP’s Australian operation was the big performer when the company revealed its half-year…
A hiccup for the successful bidder
28 August 2001
Suncorp Metway, already grappling with a six-month loss and plans to merge the former AMP General/GIO operations into its organisation, won’t have taken much…
Suncorp getting set for a very big merger
21 August 2001
Suncorp Metway isn’t responding just yet to the most-asked question in the industry: how is it going to integrate the AMP general insurance operations…
Batchelor ready with a little bad news
21 August 2001
AMP will announce its six-monthly profit on Thursday, with the market bracing for a big decline from last year’s performance…
James Strong takes the NRMA insurance chair
07 August 2001
Former Qantas CEO James Strong was elected to the NRMA Insurance board last week, followed by his immediate election as Chairman…
AMP profit forecast goes down in ‘coincidence’
31 July 2001
Oops! AMP shares took a dive on Friday thanks to analysts rewriting their assessments of the company’s profitability…
OAMPS doubles its profit
31 July 2001
Listed local insurer OAMPS has advised the Stock Exchange that its net profit after tax for the year ended June 30 is “more than a 100% improvement…
Australian Unity sells its Building Society
24 July 2001
Australian Unity has sold its building society to Illawarra Mutual (IMB). The sale will give IMB an easy ride into the Victorian market…
OAMPS takes on major investor
24 July 2001
Perpetual Trustees Australia has taken up a major investment in OAMPS through a major share haul of 1.65 million ordinary shares representing about 5% of the group…
Pioneering portal changes its focus
24 July 2001
One of the first internet insurance portals, Insurance My Way, has reduced its financial losses within the last few months, but its dream of being a major supplier of…