Quakes blow out AMI results
26 September 2011
Troubled New Zealand mutual AMI Insurance is weighing up approaches from potential new investors and has hired corporate advisors Goldman Sachs to help raise new capital…
Corporate
QBE expands senior executive team
19 September 2011
QBE has expanded its executive team and announced a new role of EGM Claims…
Zurich scuttles pleasurecraft business
19 September 2011
Zurich-owned Associated Marine will pull out of the private pleasurecraft market from the end of this month…
Lumley unveils new packages
19 September 2011
Lumley Insurance is now offering flood cover for home and landlord insurance and three-in-one motor vehicle deals for SMEs in two new packages announced at the National Insurance Brokers Association…
Herbert liquidator flags professional indemnity claim
19 September 2011
The receivers and liquidators of Herbert Insurance Group have notified the failed insurer’s professional indemnity insurers of potential claims…
Ebix tops Fortune rankings
19 September 2011
Insurance technology company Ebix, which owns the Sunrise Exchange online transaction platform, has been ranked the world’s fourth-fastest growing technology company by US business magazine…
McLarens Young International in aviation claims deal
19 September 2011
Global loss adjuster McLarens Young International has acquired Airclaims, an aviation claims and technical adviser…
Analyst: QBE ‘shifting focus to US’
12 September 2011
Merrill Lynch research analyst Andrew Kearnan says QBE is becoming “increasingly US-centric” in its search for growth…
Wilkins claims IAG’s UK turnaround is on track
12 September 2011
Insurance Australia Group CEO Mike Wilkins says the group’s turnaround strategy for the UK is on target, despite persistent rumours it is looking to offload the underperforming business…
Centrepoint reports $13 million loss
12 September 2011
Centrepoint Alliance has reported a loss of $13.1 million for the 12 months ending June 30, despite revenue being up 2% to $58.3 million…
Swann chief gets another role at CGU
12 September 2011
CGU Insurance has appointed Swann Insurance GM Stuart Chapman as its new CFO…
Terry Ibbotson retires from QBE
05 September 2011
Popular industry stalwart Terry Ibbotson has retired from QBE, stepping down as its Global Head of Distribution…
Western Pacific expects $NZ14 million claim shortfall
05 September 2011
Failed New Zealand insurer Western Pacific is expected to have a claims shortfall of $NZ14.2 million ($11.3 million), according to the latest report to creditors…
Insurers face global storm of issues, says Snowball
05 September 2011
Insurance industry leaders around the world are facing a “global storm” of economic, political and climate issues, according to Suncorp Group CEO Patrick Snowball…
Losses continue at Insured Group
05 September 2011
Listed insurer Insured Group has reported a $3.5 million net loss for the 15 months ending June 30, up 216% on the 12 months ending June 30, 2010. During that 12-month period, the loss was…
Underwriting agencies in acquisition deal
05 September 2011
Underwriting agency United Underwriting has acquired hospitality specialist Guardian Underwriting…
Tower NZ Chairman steps down
05 September 2011
Tower NZ Chairman Tony Gibbs has resigned and has been replaced by Bill Falconer, who has been a director since 2003…
Suncorp braves blustery conditions
29 August 2011
Suncorp’s general insurance book has weathered the surge in natural catastrophes to record a $392 million profit after tax, but CEO Patrick Snowball says the bottom line “is still not where it should be”…
IAG expects strong growth in year ahead
29 August 2011
IAG expects a strong increase in gross written premium in the year ahead, CEO Mike Wilkins told an investor briefing last week…
Austbrokers posts profit lift
29 August 2011
Broking group Austbrokers has shrugged of a gloomy market to post a 17.5% increase in its after-tax profit to $21.4 million for the year to June 30…