Suncorp CEO set to quit

05 February 2009

Suncorp CEO John Mulcahy this morning announced his intention to resign from the company...

Brits call off ANZIIF merger

19 December 2008

The merger between the Australian and New Zealand Institute of Insurance and Finance and Britain’s Chartered Insurance Institute has been called off, with the CII blaming...

Axis buys Dexta Corporation

09 December 2008

Stardex Insurance Group has sold its professional risks underwriting agency Dexta Corporation to Axis Specialty Europe...

US Government takes 80% stake in AIG

17 September 2008

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...

AIG crisis: local operations reassure intermediaries

17 September 2008

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…

AIG crisis – rescue moves begin

16 September 2008

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...

Regulator sinks ICA’s flood definition

04 September 2008

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

Four executives go as CGU reshuffles its top team

06 August 2008

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

Wilkins alters course at IAG

09 July 2008

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

QBE walks away from IAG

21 May 2008

QBE has withdrawn its bid to merge with IAG following the formal rejection of its latest proposal...

IAG knocks back QBE again

21 May 2008

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

Two more weeks, says QBE

06 May 2008

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

QBE takes its case to IAG shareholders

22 April 2008

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

IAG rejects $7.3 billion QBE takeover bid

15 April 2008

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

Wilkins streamlines IAG’s Australian businesses

10 April 2008

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...

Treasury confirms DOFI exemptions

08 April 2008

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

Referee dies

08 April 2008

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

GE buys Pacific

08 April 2008

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

Promina agrees to talk to Suncorp about takeover

12 October 2006

Promina is “favourably disposed” to the $7.7 billion merger bid by Brisbane-based Suncorp…

Wesfarmers bids $700 million for OAMPS

05 September 2006

Perth-based conglomerate Wesfarmers is poised to take over major broker OAMPS after making a $700 million cash offer for the company…