Stellar six months for CommInsure
15 February 2010
Commonwealth Bank of Australia’s insurance division has ridden a wave of profitability in the first half of the 2010 financial year…
Corporate
Zurich names new CFO
15 February 2010
Zurich Financial Services Australia has announced two changes to its top-level executive team…
Zurich result mirrors global parent
08 February 2010
Zurich Financial Services Australia has mirrored its global parent in recording solid growth among its life insurance and investment portfolios, according to CEO David Smith…
IAG forecasts improved profit margin
08 February 2010
IAG has signalled an improved first-half performance with forecast insurance profit of $488 million, more than double the amount it earned in the same period last year…
Calliden outlines ‘disappointing’ result
08 February 2010
Calliden Group has forecast a “disappointing” full-year result which at best is expected to see the insurer break even…
Claims bite into Chubb’s local bottom line
08 February 2010
Large property losses sustained in Victoria’s Black Saturday bushfires cut into the bottom line for Chubb’s Australian operations last year, in contrast to a benign natural catastrophe…
VRS appoints Australian partner
08 February 2010
Global loss adjuster VRS has chosen Australian Network Adjusters to run its new local operation…
Calliden channels strata business through QUS
08 February 2010
Calliden Group has announced the transfer of all commercial strata business to partly owned Queensland Underwriting Solutions…
Zurich appoints new general insurance boss
01 February 2010
Zurich Financial Services Australia has appointed former AIG executive Shane Doyle as GM General Insurance…
Lumley thinks big with new business unit
01 February 2010
Lumley CEO Vivek Bhatia continues to shake the company up with the formation of a new business unit called Corporate Solutions…
Lloyd’s syndicate arches into Australia
01 February 2010
Arch Underwriting at Lloyd’s (Australia), which was launched in Sydney in December, will focus initially on commercial property…
Lloyd’s settles with Names caught in HIH net
01 February 2010
Lloyd’s of London has confirmed that Names who lost money on the syndicates exposed to failed Australian insurer HIH have voted to accept its compensation offer…
Aon service to tackle social media risk
01 February 2010
Aon Australia has announced a new service to help clients manage corporate risk associated with social media such as Facebook and YouTube…
NAB gets local nod for surprise Axa bid
17 December 2009
National Australia Bank has gazumped AMP and Axa SA with a $4.61 billion bid for the Axa Asia Pacific Holdings Australian and New Zealand businesses…
AMP, Axa make a ‘final’ takeover bid
14 December 2009
AMP and Axa SA today lifted their bid for Axa Asia Pacific Holdings by 16%, adding another 54 cents a share to the cash component of the takeover offer…
Big American enters motor insurance fray
14 December 2009
Australia’s already highly competitive car insurance market has attracted another operator: American motor insurance giant Progressive Direct…
ANZIIF anticipates strong financial result
14 December 2009
The Australian and New Zealand Institute of Insurance and Finance expects its final audited figures for this year will show the strongest financial result “in recent times”…
Former IAG boss joins Aviva board
14 December 2009
Former IAG CEO Michael Hawker has been appointed as an independent non-executive director of British insurance giant Aviva…
S&P affirms IAG ratings
14 December 2009
Credit ratings agency Standard & Poor’s has affirmed its A+ rating on Insurance Australia Group and AA- on core operating companies, including Insurance Australia Ltd and…
Suncorp appoints CFO and risk chief
07 December 2009
Suncorp has finalised the restructure of its senior executive team by appointing John Nesbitt as CFO and Robert Stribling as Chief Risk Officer…