Bell rings for Vero NZ chief
18 April 2011
Long-serving Vero NZ CEO Roger Bell will step down from the company later this year. He will be replaced on September 30 by Suncorp EGM Retail Distribution Gary Dransfield…
Corporate
Failed insurer for sale
18 April 2011
The liquidators of New Zealand-based Western Pacific Insurance have appointed a corporate adviser to sell the company, and say the outcome will determine how much can be paid to creditors…
AMI reassures customers after $NZ500 million bailout
18 April 2011
Christchurch-based insurer AMI Insurance has reassured its customers it is financially strong, a week after negotiating a bailout from the New Zealand Government…
Lumley liability cover ‘a natural progression’
18 April 2011
Lumley has boosted its online platform by launching a new management liability product…
Insured walks away from IVIC deal
18 April 2011
Insured Group has pulled out of its deal to buy 51% of Melbourne-based International Vehicle Integrity Centre…
AMI to get government bailout
11 April 2011
Ratings agency AM Best remains concerned about the price of reinsurance for New Zealand mutual insurer AMI Insurance, and will continue to monitor the company…
Hard-to-place risk gets harder after failure of Western Pacific
11 April 2011
Hard-to-place risk is going to be more expensive for some businesses following the liquidation of New Zealand-based Western Pacific Insurance, which has failed following the second Christchurch…
Austbrokers to launch broking platform
11 April 2011
Austbrokers is set to launch a new technology platform that allows its brokers to obtain multiple quotations from a single set of data…
QBE forecasts 30% insurance profit growth
11 April 2011
Speaking at the group’s AGM last week, QBE Chairman Belinda Hutchinson said the lift in profit expectations is mainly due to growth in premium income from recent acquisitions…
Capital raising for Insured Group
11 April 2011
Insured Group has initially raised $25,000 in convertible notes in its capital-raising but hopes this will grow to $2 million before the end of the month, according to Company Secretary Keith Bowker…
Macquarie to benchmark Australian and UK brokers
11 April 2011
Australian brokers will be able to benchmark their performance against their British counterparts later this year…
Calliden takes over commercial claims-handling from CSA
11 April 2011
Calliden will directly handle commercial claims after reviewing claims-handling arrangements with its joint venture partner, Claims Services Australia…
Catastrophes cost Zurich $US500 million
04 April 2011
The various catastrophes that have hit the Asia-Pacific region this year will cost Zurich Financial Services an estimated $US500 million ($484 million)…
Steadfast adopts ‘Trusted Choice’ for awareness campaign
04 April 2011
Steadfast is to adopt the slogan “Trusted Choice” as it moves to change the emphasis on its members’ services “from giving a quote to giving advice”…
Steadfast moves on ASX options
04 April 2011
Major broker cluster Steadfast has committed to move forward with plans to list on the Australian Securities Exchange…
New platform close to full operation
04 April 2011
The Steadfast Virtual Underwriter reached another milestone late last month when the first business pack policy processed through the electronic platform was bound…
Christchurch earthquake: churches review their future as costs rise
04 April 2011
New Zealand’s church congregations are reviewing the future for many of their buildings following the devastation of the Christchurch earthquake and the cost of higher insurance…
New CEO for MYI Freemans
04 April 2011
Major loss adjuster MYI Freemans has appointed Greg Johnson as CEO…
Zurich signals commitment to NZ with new building
04 April 2011
Zurich New Zealand staff will move into a new headquarters in Auckland in August, firmly reinforcing the company’s decision to stay in the NZ market…
Herbert creditors fire liquidator
04 April 2011
Creditors of Auckland-based Herbert Insurance have voted out the first liquidator appointed to the company…