Guild prescribes expansion via brokers
09 May 2011
Niche player Guild Insurance has set off on an expansion strategy using brokers…
Corporate
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…
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…
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…