NIBA seeks tenders on PI scheme
27 July 2004
NIBA is calling for expressions of interest to manage its professional indemnity scheme…
Local
IBD on the move
27 July 2004
Insurance Brokers Disputes, which handles complaints by clients against their broker, has moved office to a Melbourne building sometimes called “Complaints Central”…
Another Olympics for Freida
27 July 2004
Ebsworth & Ebsworth partner Freida Stylianou has been invited to join the risk management team for claims-handling issues at the Athens Olympic Games next month…
NZ insurers face more big flood payouts
20 July 2004
New Zealand insurers face another round of flood payouts after heavy rain swept through the eastern North Island at the weekend…
APRA to enforce new disaster planning standards
20 July 2004
General and life insurers will have to undertake disaster planning if the Government’s draft prudential standard on business continuity management is passed…
Knott to assist ICA with new code
20 July 2004
ICA has enlisted former Australian Securities and Investments Commission Chairman David Knott to help in processing public submissions…
Coonan goes, Brough arrives as PM shuffles the pack
20 July 2004
Prime Minister John Howard’s reshuffle of federal ministers last week in a bid to inject fresh blood into the cabinet means the financial services industry will again have to deal with…
Risk manager in $6.6 million probe
20 July 2004
Former ARIMA President Bruce Ferguson, who is Group Risk Manager at Sydney Water, has stood down from the position as police and anti-corruption authorities investigate…
Court commits FAI execs for trial
20 July 2004
Three former FAI executives have been committed to stand trial under charges related to so-called financial reinsurance contracts entered into by FAI General Insurance in 1998…
James Hardie proposal attacked
20 July 2004
Former asbestos products manufacturer James Hardie has challenged the NSW Government to set up a state-run compensation fund to bypass the court system…
Risk management merger completed
20 July 2004
ARIMA, the former peak body for risk management professionals, and the Australasian Institute of Risk Management have merged to become…
Ibbotson retains top job in QBE Merc reorganisation
13 July 2004
QBE Mercantile Mutual, now wholly owned by QBE, is at the centre of a major reorganisation of the group’s Australian operations…
ING considers Austbrokers’ future
13 July 2004
What will become of national broking network Austbrokers now its 50% shareholder ING has announced it wants to step out of general insurance…?
FAI execs appear in court
13 July 2004
Three former FAI Insurance executives faced a Sydney court yesterday in relation to their actions in the company…
Competition will soften rates, says analyst
13 July 2004
Greater competition among insurers and their moves into new markets could lead to lower rates, according to JP Morgan insurance analyst Shane Fitzgerald…
IAG makes a move on climate
13 July 2004
IAG has co-convened the Australian Climate Group to work for change in the country’s approach to global warming…
Relief in sight for HIH creditors
13 July 2004
HIH Insurance creditors might receive a dividend by the start of next year, according to the failed insurer’s liquidator, Tony McGrath…
Butler quits as Zurich CEO
06 July 2004
John Butler announced on Friday that he has resigned as CEO of Zurich Financial Services Australia…
Responsibility important when pricing risks, says industry
06 July 2004
There have been no rapid cost savings in rates during the June renewals season, says QBE Australia MD Raymond Jones…
The burning issue
06 July 2004
Insurers are concerned drought conditions across much of Victoria and NSW will lead to another severe bushfire season, and winter burn-offs are possibly doing more harm…