Breaking News

The US Federal Reserve Board has announced it will lend as much as $US85 billion ($105.6 billion) to save the world’s largest insurer, American International Group, from collapse...

The local life and general insurance arms of crisis-ridden US insurer AIG have moved to reassure intermediaries they are in a healthy financial state even as their New York-based parent teeters on the edge of collapse...

AIG, the world’s largest insurer, is this morning struggling to raise tens of billions of dollars to save itself from a catastrophic ratings downgrade...

The Insurance Council of Australia’s common definition of inland flood has been rejected by the competition regulator...

CGU has revamped its senior executive team, with CEO Duncan West this morning announcing five new executives and the retrenchment of four others...

IAG has announced major changes to its corporate structure, shedding four senior executives and under-performing assets...

QBE has withdrawn its bid to merge with IAG following the formal rejection of its latest proposal...

IAG last night formalised its rejection of QBE’s latest “inadequate and incomplete” takeover proposal...

QBE this morning extended its proposal to take over IAG for a further two weeks, without change to the terms...

QBE has extended its $7.43 billion scrip and cash takeover proposal for IAG until May 5...

QBE has failed in an initial takeover bid for rival Australian insurance giant IAG...

IAG this morning announced a major restructure of its Australian businesses, cutting its operating divisions from three to two and setting up a new internet-based business...

The Federal Government today finally confirmed the limited exemption arrangements for regulating direct offshore foreign insurers...

David Letcher, the long-serving Referee of Insurance Broker Disputes Ltd, has died in Melbourne after a short illness...

GE Commercial Finance today announced an agreement with Pacific Premium Funding to acquire 100% of the company...