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QBE sees rates on the rise

31 October 2011

Premium rate increases in QBE’s Australian, Americas and Europe divisions are expected to exceed 4% across the board, according to CFO Neil Drabsch…

Profit steady for Macquarie BFS

31 October 2011

Macquarie Banking and Financial Services Group has announced a net profit of $137 million for the first half of 2011 – a result similar to the previous two half-years…

Insurance House moves into Brisbane

31 October 2011

Melbourne-based Insurance House Group has moved into the Brisbane market with the acquisition of PM Insurance Advisory Service…

Takeover speculation surrounds IAG NZ bonds issue

31 October 2011

IAG has declined to comment on speculation that a $NZ150 million ($115 million) New Zealand bond issue announced at last week’s AGM is raising capital to buy troubled mutual AMI Insurance…

Bhatia departs as Wesfarmers restructures underwriting

31 October 2011

Wesfarmers has confirmed recent speculation surrounding the future of its Australian underwriting CEO Vivek Bhatia, announcing that Mr Bhatia has left the business as part of a management restructure…

Asia-Pacific CEO joins Zurich boards

31 October 2011

Zurich Financial Services Group Asia Pacific General Insurance CEO Johnny Chen has been appointed to the boards of Zurich Financial Services Australia and Zurich Australian Insurance Limited…

Improved performance gives TIO $52 million profit

31 October 2011

The NT Government-owned TIO Insurance has increased after-tax profit by 45% to $52 million in the year to June 30, with CEO Richard Harding saying improvements in operational performance…

Hollard in China move

24 October 2011

Hollard Insurance has signed an agreement which will give it access to the lucrative Chinese market…

Zurich brings NZ operation under one roof

24 October 2011

Zurich General Insurance CEO Shane Doyle says his company’s role as a major global insurer gives it an important point of differentiation in the New Zealand market…

Suncorp cleans up life structure

24 October 2011

Suncorp plans to transfer Asteron polices into a single entity to be known as Suncorp Life and Superannuation Ltd  from January 1 next year…

Willis offshores Australian roles to India

17 October 2011

Willis Australasia is laying off some of its administrative staff in Australia and is offshoring their roles to the group’s global service centre in Mumbai…

RACQ commits to flood cover

17 October 2011

RACQ Insurance has joined the growing list of insurers looking to add flood cover as standard in their householder policies…

QBE given Lloyd’s Solvency II green light

17 October 2011

QBE is among four managing agents to be given a “green light” under the traffic light system Lloyd’s is using to measure progress on Solvency II…