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…
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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…
CGU seeks marine staff
06 July 2004
CGU is on the prowl for a strong management team for its new, still-to-be-named marine facility…
James Hardie directors seek protection
06 July 2004
Directors of the trust fund that James Hardie established to pay compensation to victims of asbestos-related diseases have applied to the NSW Supreme Court…
WA drops offshore stamp duty
06 July 2004
Insurance industry lobbying in WA has forced the State Government to rewrite legislation to clarify the charging of stamp duty on insurance policies involving offshore risk…
Green slips cost less
06 July 2004
The lowest metropolitan premium for compulsory third party injury motor insurance in NSW has fallen by $7 to $299 plus GST…
Government rejects nationwide workers’ comp
29 June 2004
Treasurer Peter Costello has rejected a proposal by the Productivity Commission to establish a national workers’ compensation scheme for private sector employers…
Aussie insurance trends in line with global issues
29 June 2004
The Australian insurance industry is “quite progressive” in global terms, and is experiencing similar trends to UK and US companies, says Owen Ryan…
APRA stands still on UFI action
29 June 2004
The Australian Prudential Regulation Authority, which was ordered by Treasury to monitor and examine the effectiveness of other jurisdictions’ regulatory systems…
Queries over UFIs
29 June 2004
A former insurance broker who left the industry to enter the pest extermination business has developed a new company which among other things…
June premiums stabilising, says brokers
29 June 2004
Brokers anticipate some rises in commercial insurance rates in the June renewals, but they are not expected to be as high as recent years and probably won’t affect all classes…
Car theft rise bucks the three-year trend
29 June 2004
The number of stolen vehicles reported in Australia increased by 2% in the March quarter, bringing to a halt three years of consecutive reductions…
Training board to be born again
22 June 2004
The National Finance Industry Training Advisory Body is to be re-launched as a self-funded body…