New chairman at Suncorp as insurer faces the heat over offshoring
31 October 2011
Suncorp Chairman John Story stepped down at last week’s AGM, after defending the group over its plan to offshore jobs to India…
31 October 2011
Suncorp Chairman John Story stepped down at last week’s AGM, after defending the group over its plan to offshore jobs to India…
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…
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…
31 October 2011
Melbourne-based Insurance House Group has moved into the Brisbane market with the acquisition of PM Insurance Advisory Service…
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…
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…
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…
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…
31 October 2011
Indemnitycorp has claimed a “first” for the Australian market with the introduction of a flood excess buydown facility…
24 October 2011
Hollard Insurance has signed an agreement which will give it access to the lucrative Chinese market…
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…
24 October 2011
Melbourne-based Midland Insurance Brokers has acquired suburban brokerage James Wiltshire in a move that Midland MD Terry Lane says positions the company to capitalise on rapid growth…
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…
24 October 2011
Claims services company DCS has opened its second Australian office in Brisbane to cater to Queensland property clients…
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…
17 October 2011
Ausure Insurance Brokers has bought specialist wholesale broking operation AFM Insurance Brokers for an undisclosed sum…
17 October 2011
RACQ Insurance has joined the growing list of insurers looking to add flood cover as standard in their householder policies…
17 October 2011
The New Zealand Treasury has put a fair value of $NZ159 million ($124 million) on AMI Insurance, which had to seek a government rescue package in April due to claims…
17 October 2011
IAG NZ has reinstated standard underwriting for home and contents insurance in the outer Canterbury region…
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…