Correction
06 February 2012
A news item last week (Chartis centralises prestige house and contents group) contained two inaccuracies…
Corporate
Losses continue to grow at Calliden
30 January 2012
Calliden Group has said its unaudited loss for the 2011 calendar year will be between $11.5 and $12.5 million:
QBE performance wobbles
30 January 2012
Shares in QBE are wallowing in the doldrums after it warned in mid-January of a 40-50% profit and dividend cut…
Disasters bite into Wesfarmers’ insurance profit
30 January 2012
Wesfarmers Insurance Division has warned it will suffer a 75% fall in net profit in the first half of the financial year…
Suncorp sees big opportunities in AMP deal
30 January 2012
Suncorp will build a new stand-alone brand and develop alternative sales channel approaches through its newly acquired AMP General Insurance Distribution business…
IAG secures additional reinsurance
30 January 2012
IAG has increased its catastrophe reinsurance by $600 million to $4.7 billion for this year…
IAG moves to buy NZ and Malaysia businesses
30 January 2012
IAG has followed up its proposal to pay $380 million to buy New Zealand insurer AMI’s non-earthquake affected business with an acquisition in Malaysia…
Chartis centralises prestige house and contents group
30 January 2012
Chartis Insurance has centralised the underwriting operations of its Private Client Group to its head office in Sydney…
Axis Capital appoints ex-Zurich chief
30 January 2012
Former Zurich Australia CEO David Smith has begun work as CEO and Country Manager of Australia Operations for Axis Capital Holdings…
Westcourt offers premium funding
30 January 2012
Perth-based Westcourt General Insurance Brokers has moved to provide premium funding to its network of authorised representatives…
Allianz appoints new regional chief
30 January 2012
Former HSBC Insurance chief David Fried has left the London-based banking giant after 20 years to become Regional CEO of Allianz Asia Pacific, based in Singapore…
Hutcheon appointed to Vic state insurer
30 January 2012
Former CGU executive Warren Hutcheon is the new CEO of the Victorian Managed Insurance Authority…
Steadfast says SVU usage is up 700%
12 December 2011
Broker group Steadfast says usage of its virtual underwriter platform has increased by more than 700% this year, with 48% of shareholders now actively using it…
CGU embraces automatic flood cover
12 December 2011
CGU’s home, contents and landlords policies will automatically include cover for flood from February…
Calliden gains $8.3 million in sale of CSA
12 December 2011
Calliden Group will pocket $8.3 million in profit from the sale of its 50% shareholding in Claims Services Australia…
Speculation on IAG takeover continues
12 December 2011
Speculation continues on Wesfarmers making a takeover tilt at Insurance Australia Group…
Calliden becomes Great Lakes agent
12 December 2011
Calliden Group will underwrite its commercial package business as an agent of Great Lakes Australia under a three-year agreement to take effect next year…
Joint venture aims to streamline claims-handling
12 December 2011
Loss adjuster Cerno has formed a joint venture with Claim Central Holdings to offer a service combining adjusting with building and supplier management…
Suncorp buys AMP General Insurance Distribution
05 December 2011
Suncorp is buying AMP’s General Insurance Distribution business, which operates through 700 authorised representatives…
New CEO for Sportscover
05 December 2011
Sportscover Australia has appointed former Chartis senior executive David Lamb as its new CEO…