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Corporate

Suncorp sells Autosure ahead of financial results

30 January 2017

The $NZ34 million sale of Suncorp’s New Zealand motor insurance business Autosure will help offset impacts from earthquake claims before the release of its half-year results next week…

IAG secures $7 billion reinsurance

30 January 2017

IAG has finalised catastrophe reinsurance protection for losses up to $7 billion this year, locking in cover similar to last year’s program…

Ensurance positions for EU breakthrough

30 January 2017

Broker and insurance technology group Ensurance is confident its new London-based underwriting agency will be the catalyst for success in the European market…

NZ court fines Youi for sales misconduct

30 January 2017

Youi has been fined $NZ320,000 in the Auckland District Court for engaging in unscrupulous sales practices between July 2014 and February last year…

W+K joins global law firm alliance

30 January 2017

Sydney-based law firm Wotton + Kearney has joined forces with major insurance law firms in Germany, the UK and the US to “meet the legal needs of the growing multinational insurance market”…

Stream exits claims business with Symetri sale

30 January 2017

Troubled claims service provider Stream Group’s New Zealand subsidiary Symetri is selling its operating business and most of its assets to Gallagher Basset, in a deal worth at least $NZ7 million…

Comedy actor plans ‘HIH’ brand revival

30 January 2017

Actor Alex Haddad plans to revive the HIH name with a new brokerage business, hoping customers recall the insurance company’s early success rather than its corporate failure…

CBL completes French purchase

30 January 2017

New Zealand’s CBL Corporation has completed the acquisition of a majority stake in Securities and Financial Solutions Europe, France’s largest specialist provider of construction insurance…

BHSI takes A&H business to NZ

30 January 2017

Berkshire Hathaway Specialty Insurance has unveiled a line of accident and health insurance products for New Zealand…

Tokio Marine buys into eSentry

30 January 2017

Tokio Marine has acquired a 50% stake in Sydney-based online agency eSentry Underwriting as it looks to grow its business in Australia…

IAG adds board members

30 January 2017

IAG has appointed Helen Nugent and Duncan Boyle as independent non-executive directors…

Genworth announces executive departure

30 January 2017

Genworth Mortgage Insurance Australia has announced the resignation of its Chief Commercial Officer Bridget Sakr, who is leaving “to pursue other opportunities” after 22 years with the business…

QBE finds new Australia-NZ CEO close to home

12 December 2016

QBE Group’s decision to parachute CFO Pat Regan into the role of CEO Australian and New Zealand Operations followed an ultimately fruitless external recruitment drive…