Beechwood: Vero contributes to completion of 900 homes
04 August 2008
Home warranty insurer Vero has avoided a massive claim liability following last week’s sale of folded NSW building firm Beechwood Homes, but has agreed to contribute...
Local
Hawker departs IAG with $1.9m golden handshake
04 August 2008
Former IAG Chief Executive Michael Hawker has departed the insurer with a severance payment of $1.94 million, equivalent to half his annual salary...
Trader’s error wipes QBE from market
04 August 2008
Stockbrokers’ hearts missed a beat last week when QBE Insurance suddenly fell off the ASX 200 index...
IBANZ calls for awards nominations
04 August 2008
As the Australian and New Zealand Institute of Insurance and Finance gets set for its awards gala in Sydney on Thursday, the Insurance Brokers Association of New Zealand is inviting…
High Court supports CGU over PI case
04 August 2008
The High Court has handed down a unanimous decision that a “known circumstances” exclusion in a barrister’s professional indemnity policy set an objective standard...
Barter exchange enters the insurance market
04 August 2008
Cashless trade exchange BBX has launched its own insurance division that will allow clients to barter up to 30% of their premiums...
Brokers win second DOFI deadline extension
28 July 2008
Brokers have been handed a second deadline extension to prepare for new reporting requirements for business placed with direct offshore foreign insurers...
Insurers ‘declining more business’
28 July 2008
Underwriting agencies are dealing with an increased volume of “distressed business” that insurers have declined to renew, according to a leading agency...
Report: insurers feeling pressure at the margins
28 July 2008
Analysts fear insurance claims are rising at a rate above inflation – but they also believe premium growth will double in the next two years...
Finalists named for insurance awards
28 July 2008
Finalists for the annual Australian and New Zealand Insurance Industry Awards have been announced, and there are few surprises...
Insurers await Blacktown hailstorm report
28 July 2008
A report into the December hailstorms in western Sydney has been presented to the NSW Premier’s Department and insurers could know by September how it treats them...
NIBA publishes history of its first 25 years
28 July 2008
The National Insurance Brokers Association celebrated the closing months of its 25th anniversary celebrations last week with the launch of a book tracing its development…
Premiums: competition bites
21 July 2008
The commercial insurance market is hardening, but it’s nothing like the savage rises of 2001/02, according to NIBA brokers...
Brokers: WA gas claim payouts likely
21 July 2008
Brokers have moved to reassure WA clients that business interruption claims are likely to be paid if they’ve been affected by the June 3 explosion that knocked out 30% of the state’s…
NZ privatisation plan welcomed
21 July 2008
NZ insurers and brokers now have one big reason to vote for the opposition National Party: it says it might privatise the workers’ compensation insurance if it wins this year’s…
Industry gets behind emissions trading scheme
21 July 2008
The insurance and financial services sectors have backed the Federal Government’s proposal to establish an emissions trading scheme...
Risk management institute appoints inaugural CEO
21 July 2008
The Risk Management Institution of Australasia has appointed its inaugural CEO, Marilyn Forde...
Sydney councils oppose abolition of fire services levy
21 July 2008
Sydney councils have come out swinging against a proposal to axe the fire services levy, arguing the increased cost to ratepayers is unacceptable...
Sydney actuary swims English Channel for the kids
21 July 2008
Sydney Munich Re actuary Kaise Stephan has proved he has the brawn and the spirit to match the brains by swimming the English Channel for charity...
Uncertainty surrounds WA gas claims
14 July 2008
The explosion at Apache Energy’s Varanus Island gas processing facility on June 3 has created uncertainty around the validity of business interruption claims...