InterRisk bolsters SME, affinity business
29 November 2010
InterRisk Australia says it has strengthened its strategic direction with the acquisition of authorised representative group Lyne & Associates…
Corporate
MYI Freemans moves through merger
29 November 2010
Loss adjuster MYI Freemans yesterday held its first AGM since merging in August last year…
Hollard ‘isn’t quitting Australia’
22 November 2010
The Australian business of international insurer/investor Hollard Insurance isn’t for sale, according to the group’s Chairman Richard Enthoven…
QBE builds US crop cover business
22 November 2010
QBE has paid $US275 million ($277.3 million) for the US general insurance operations of Renaissance Re…
Centrepoint Alliance gets approval for PIH merger
22 November 2010
Centrepoint Alliance shareholders have approved the merger with Professional Investment Holdings…
Insured Group offers shares to creditors
22 November 2010
Listed insurer Insured Group plans to ask shareholders at its AGM in Perth on November 30 to approve paying some creditors with shares to reduce its debt…
Goodbye ‘unworry’ as insurers reposition
22 November 2010
IAG is spending $30 million repositioning a group of key personal lines brands…
Vero expands PI cover
22 November 2010
Vero has upgraded its policy in the super-competitive professional indemnity market, offering a raft of improvements including free legal consultation and compensation for court attendance…
Wesfarmers linked with UK insurer
15 November 2010
Wesfarmers Insurance has declined to comment on a UK report saying the company is “stalking” mid-sized British insurer Barbon…
Positive result for Allianz Australia
15 November 2010
Allianz Australia’s gross written premium rose by 9.4% to $848.9 million in the third quarter ending September 30…
Suncorp announces new unit
15 November 2010
Suncorp has developed a new statutory division in a bid to strengthen its Commercial Insurance leadership team and create greater growth options…
Revenue growth for Marsh’s local operations
15 November 2010
Mega-broker Marsh’s Asia-Pacific operations recorded revenue of $US125 million ($126 million) for the three months ending September 30…
Earthquake doesn’t shake AMI profits – yet
15 November 2010
NZ mutual insurer AMI has posted a record profit for the 2009/10 financial year, although its results don’t take into account September’s Canterbury earthquake and the Southland snowstorm…
MB increases limits in QBE deal
15 November 2010
Speciality vehicle underwriting agency MB Insurance Group says joining forces with QBE will lead to increased third-party property damage limits…
Axis partners with SUA
15 November 2010
Specialist Underwriting Agencies will move its underwriting to Axis Specialty Australia following a move away from Lumley last month…
Principal rolls out exempt product
15 November 2010
Adelaide-based premium funder Principal Finance is rolling out a new product built around the company’s National Credit Code exclusion…
Munich Re shuffles Australian operations
08 November 2010
Munich Re America will apply to the Federal Court to transfer its direct insurance contracts written by the Australian branch of the company to Great Lakes Re (UK) in Sydney…
Suncorp AGM ‘not the right place’ for award talks
08 November 2010
Plans by the Financial Services Union to use the Suncorp AGM in Brisbane last week to draw attention to an enterprise bargaining impasse failed when Chairman John Story gagged debate…
Zurich aims for big price cuts
08 November 2010
Zurich Australia is intensifying the battle for market share in commercial lines by using its upgraded online platform to cut pricing by as much as 20%…
Less risk equals more profit
08 November 2010
Leading medical indemnity insurer Medical Insurance Group Australia says a reduction in claims due to increased risk management education has bolstered its profits, allowing it to earn almost…