IAG restructures commercial division
13 February 2017
IAG has reviewed its Australian Business Division under a drive to increase agility and enable growth…
Corporate
Fagen dropped as ICA president
13 February 2017
Colin Fagen, the QBE group COO whose 17-year career with the company came to an abrupt end last week, has been removed as president of the Insurance Council of Australia…
Cover-More’s US expansion pays off
13 February 2017
Cover-More’s net profit grew 5.4% to $8.6 million in the half-year to December 31, bolstered by its expansion into the US market and improved margins in Australia…
Tower speeds up ‘strategic transformation’
13 February 2017
Loss-making New Zealand insurer Tower is accelerating the pace of its “strategic transformation” after Friday’s announcement of a $NZ197 million takeover by Canada’s Fairfax Financial Holdings…
Winley liquidator searching for creditors
13 February 2017
The liquidator handling the affairs of collapsed Perth authorised representative network Winley Insurance Group has asked creditors to get in touch…
Finity and Nielsen team up on customer analytics
13 February 2017
Actuarial consultant Finity and global market research company Nielsen have formed an alliance to provide more insights into customer purchasing patterns…
Genworth earnings slide as GWP slumps
13 February 2017
Genworth Mortgage Insurance Australia says gross written premium fell 24.8% last year, and it warns of further deterioration this year in a difficult business environment…
Travel product targets professionals, small business
13 February 2017
A product designed to make travel insurance cheaper for professionals, small businesses and self-managed superannuation funds will be launched in Australia this week…
AIG ratings drop doesn’t apply to local operation
06 February 2017
AIG Australia has reassured the Australian and New Zealand industry that S&P Global’s decision to downgrade its parent’s debt rating to BBB+ from A- will not affect its local ratings…
Landmark acquisition not the last, Marsh says
06 February 2017
Marsh Advantage Insurance says it is looking to further expand its authorised representative network following the deal with rural and financial services provider Landmark…
Winley left with ‘zero assets’
06 February 2017
Collapsed Perth authorised representative network Winley Insurance Group has no assets left to pay creditors, according to a liquidator’s report…
NZ CEO leaves Allianz
06 February 2017
Allianz has parted ways with its New Zealand CEO Eugene Elisara, confirming he has “ceased employment” with the insurer…
IAG NZ, Tower start court action over EQC valuations
06 February 2017
IAG New Zealand and Tower Insurance are taking High Court action against the Earthquake Commission over the calculation of settlements for increased liquidation vulnerability following the Canterbury quakes…
Gallagher picks up Brisbane advisory firm
06 February 2017
Arthur J Gallagher has acquired financial services advisory firm Complete Financial Balance…
IAG gets Smart on marketing
06 February 2017
IAG has appointed former Saatchi & Saatchi CEO Brent Smart to the new role of Chief Marketing Officer…
Western Pacific liquidators wait on reinsurance payout
06 February 2017
The liquidators of failed New Zealand insurer Western Pacific are still waiting for $NZ12.4 million in reinsurances payments…
Oracle names new MD
06 February 2017
Perth-based broker Oracle Group has appointed Steve Campbell as MD, succeeding industry veteran Graeme Dorrell, who will continue to manage the nationwide authorised representative base…
Rothbury takes stake in advisory group
06 February 2017
New Zealand’s Rothbury Insurance Brokers has acquired a 19.5% stake in Lifetime Group, a financial advisory network handling insurance and other financial matters…
Ensurance appoints company secretary
06 February 2017
Ensurance has appointed CFO Samir Hallab as Company Secretary, replacing joint secretaries Jay Stephenson and Julia Becket…
QBE dismisses Allianz takeover reports
30 January 2017
QBE has rejected speculation it is considering a takeover offer, after a German newspaper reported Allianz is targeting the group in a $20 billion deal…