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CGU ‘changed procedures’ after Brisbane flood

10 October 2011

CGU has taken action following the Queensland floods to ensure that customers know they can ask for a site assessment, CEO Peter Harmer told the Queensland Floods Commission of Inquiry last week…

Insurer fixes post-disaster communication issue

10 October 2011

NRMA Insurance has told the Queensland Floods Commission of Inquiry it implemented a new system to allow for better communication with clients following the January disaster…

ACC sells injury manager to Employers Mutual

10 October 2011

New Zealand’s Accident Compensation Corporation has sold subsidiary company Catalyst Risk Management to Australian workers’ compensation manager Employers Mutual…

HIH liquidation on track for 2013

10 October 2011

The administrators of the remaining 63 HIH companies in liquidation are still on track to finalise the schemes of arrangement in 2013…

Vero wants more of SME market

10 October 2011

Vero has revised its pricing model for SME business in a bid to lift its market share in this segment…

Dual expands its A&H capacity

10 October 2011

Underwriting agency Dual Australia has signed a deal with Lloyd’s syndicate Markel to expand its Lloyd’s capacity…

Insured Group suspended from NZX

10 October 2011

Insured Group has been suspended from the New Zealand Stock Exchange for failing to lodge its audited annual report for the 2010/11 financial year…

Tower NZ sorts out reinsurance cover

03 October 2011

Tower NZ has completed its 2012 financial year reinsurance program, but admits the premiums will be a lot higher than currently being paid…

Ansvar quits NZ earthquake cover

03 October 2011

UK-based church insurer the Ecclesiastical Group has pulled out of earthquake cover in New Zealand and will now write NZ business through subsidiary company Ansvar Australia…

Reports link QBE to HSBC insurance business

03 October 2011

QBE is among the names mooted to be running a ruler over HSBC Bank’s general insurance business, which sells both personal and commercial lines products in the UK, France, Hong Kong and…

Scala takes global distribution role at QBE

26 September 2011

QBE Group’s US-based President, Intermediary Distribution, Mike Scala, has taken over responsibility for global distribution following the retirement of Terry Ibbotson…

Zurich puts earthquake cover on hold

26 September 2011

Zurich has advised New Zealand brokers that it will no longer write new earthquake business in most of the country, including Wellington…

Allianz to introduce flood cover in NSW

26 September 2011

Allianz has confirmed it will begin offering riverine flood cover as part of its home insurance policies in NSW by the end of the year…