AAMI national branch network future uncertain
16 May 2011
Leading personal lines insurer AAMI is considering closing down 24 local branch offices in NSW, Victoria, Queensland and Tasmania and replacing them with phone and internet systems…
Corporate
CommInsure’s business survives natural disasters
16 May 2011
Commonwealth Bank’s insurance arm CommInsure has recorded premium growth of 1.1% during the first three months of 2011…
Insurers were aware of Herbert premium shortfall
16 May 2011
A substantial shortfall in the premium account of Auckland-based broker Herbert Insurance was found and insurers notified in the months leading up to the company’s failure, a report…
GIO appoints new compensation agent
16 May 2011
GIO has moved quickly to deal with its controversial removal from the Victorian workers’ compensation insurers panel, appointing Gallagher Bassett to take over its Victorian accounts…
QBE works on online capabilities for brokers
16 May 2011
QBE has announced a national program to boost its online portal capabilities to help brokers and customers streamline claims management for some product lines…
Underwriting pool moves closer to closure
16 May 2011
The English and American Underwriting Agency pools are expected to close their schemes during 2012, insuranceNEWS.com.au has been told…
New company secretary for IAG
16 May 2011
Former CSR Company Secretary Chris Bertuch has moved across to IAG to take up the same role there…
Guild prescribes expansion via brokers
09 May 2011
Niche player Guild Insurance has set off on an expansion strategy using brokers…
Bad weather hits Westpac’s insurance business
09 May 2011
Westpac’s BT Financial Group has seen insurance earnings drop $39 million in the first half due to claims from natural disasters…
DLA Piper launches in Australia while NZ goes its own way
09 May 2011
The local merger of law firms DLA Phillips Fox (Australia) and US-based global operator DLA Piper has been completed, with the re-branded DLA Piper now trading in Sydney, Melbourne…
WR Berkley expands into Melbourne
09 May 2011
WR Berkley has opened a new office in Melbourne, appointing former QBE Senior Underwriter Paula Ritchie to manage its new Collins Street office…
Insured Group creates joint venture with loyalty scheme
09 May 2011
Insured Group has formed a joint venture with Priority One Rewards to provide both general and life insurance products to its members…
Failed NZ insurer cancels policies
02 May 2011
The liquidators of failed New Zealand insurer Western Pacific have cancelled its insurance policies after failing to sell the business…
Austbrokers expands on western front
02 May 2011
Austbrokers has taken a 50% share in WA brokerage Country Wide Insurance Brokers, a member of the Steadfast group…
Catastrophes slash profit outlook at Wesfarmers Insurance
02 May 2011
Wesfarmers has revealed earnings in its insurance division could fall by more than half this financial year compared to 2010 as a result of the natural catastrophes in Australia and New Zealand…
NTI reloads leadership team
02 May 2011
Brisbane-based National Transport Insurance has a reshuffled executive team which will provide a stronger focus on claims and new market opportunities, according to GM Sales and Distribution…
We’re not scrapping flood cover, says Suncorp
02 May 2011
Suncorp has rejected media claims that it’s planning to withdraw from the flood insurance market…
Herbert Australia portfolio going to PSC Insurance
02 May 2011
The Australian portfolio of failed New Zealand brokers Herbert Insurance is being sold to PSC Insurance…
IAG to make cuts at troubled UK business
02 May 2011
IAG is restructuring its UK motor underwriting and distribution operations, but has disputed a British insurance media report that up to 185 jobs will be cut…
Suncorp Commercial Insurance appoints new CFO
02 May 2011
Michael Miller has joined Suncorp Commercial Insurance as CFO after nine years at Perpetual…