Tweed turns attention to Axa
21 June 2005
Following recent attempts to purchase IAG shares, Melbourne stock market raider David Tweed has been making offers to Axa Asia Pacific Holdings investors…
Local
We’re not for sale, says Zurich
15 June 2005
Zurich Financial Services Australia has fiercely denied rumours it is up for sale, saying it’s one of the Swiss insurer’s best performing businesses outside the US and UK…
How much consolidation is too much?
15 June 2005
Increased merger and acquisition talk has prompted industry observers to question how much more industry consolidation needs to occur…
ICA report ups the ante on tort reform debate
15 June 2005
The Law Council of Australia report which criticised insurers’ returns on capital has been challenged by an independent actuarial report commissioned…
Report shows medical indemnity stabilising
15 June 2005
Medical indemnity premiums and claims trends stabilised last year, according to a report by the Medical Indemnity Industry Association of Australia…
No alarm equals no cover
15 June 2005
The NSW State Government is contemplating introducing measures that will see houses without smoke alarms unable to get home insurance cover…
Tax the new thorn in James Hardie’s side
15 June 2005
Tax appears to be the latest hurdle for James Hardie as it attempts to confront its asbestos liabilities…
Lawyers’ tort reform comments ‘rubbish’
07 June 2005
A Law Council of Australia report which says industry profits are at a 10-year high has added fire to the tort reform battle, with the lawyers once again pushing for more compensation…
Flood data won’t hurt policyholders, says ICA
07 June 2005
Residents of Bowral in the Southern Highlands of NSW have voiced concerns that new floodplain data will make them uninsurable, but ICA says it’s unlikely the residents’ policies…
More insurance options for renovators
07 June 2005
CGU Insurance has begun offering owner-builder insurance for NSW and Victorian residents…
Tweed targets IAG
07 June 2005
Melbourne stock market raider David Tweed has purchased a copy of IAG’s share register and is believed to be considering making an unsolicited share offer…
PWC sets price for WA workers’ comp
07 June 2005
PricewaterhouseCoopers has recommended upping the gazette rate for workers’ compensation insurance in Western Australia in a move to shrink the state’s increasing claims costs deficit…
ICA argues reform has worked
07 June 2005
ICA has told a NSW Legislative Council inquiry into personal injury laws introduced by the NSW Government that they have delivered affordable, accessible insurance…
Flood: 300,000 homes vulnerable
24 May 2005
As many as 300,000 Australian households are vulnerable to a maximum flood event, says Insurance Council of Australia Executive Director Alan Mason…
S&P urges industry to maintain pricing discipline
24 May 2005
Rating agency Standard & Poor’s has confirmed what analysts have been saying for months – the increasingly competitive local market is pushing premiums down…
Storms lash WA and Queensland
24 May 2005
The insured damages bill for the vicious storms that hit Perth and the southern centre of Bunbury last week has reached $26.7 million…
FSR consultation on its way
24 May 2005
Consultation between the industry, the Australian Securities and Investments Commission and the Federal Government on proposed “refinements” to the Financial Services Reform Act…
Recreational providers get public liability relief
24 May 2005
In a move welcomed by the insurance industry, the South Australian Government has amended legislation to allow recreational services providers to limit their public liability…
NSW no-fault scheme to be reversed
17 May 2005
The NSW Government says it will expand its compulsory third-party insurance to cover accidents where no one is at fault after a NSW court dismissed criminal charges…
OAMPS settles with $2.95 million NAB payout
17 May 2005
OAMPS has paid National Australia Bank $2.95 million to settle a court dispute – and has also agreed to bank with the NAB for the next four years…