Lumley trims top ranks
25 May 2009
Two senior executives have departed Lumley General Insurance following a company review headed by CEO Vivek Bhatia...
Corporate
Hardie avoids compensation fund contribution
25 May 2009
A $US45 million ($58 million) loss in net operating cash flow has allowed James Hardie to avoid contributing to the Asbestos Injuries Compensation Fund this year...
OAMPS picks up first life partner
25 May 2009
OAMPS Insurance Brokers has begun the expansion of its life insurance broking network by partnering with Coles Financial Group in Tasmania...
NZI turns 150
25 May 2009
Auckland-based NZI celebrated its 150th birthday on Thursday...
First Australian elected as WBN Chairman
25 May 2009
A Melbourne insurance broking executive has been appointed Chairman of the Worldwide Broker Network, the world’s largest association of privately owned insurance brokers...
Back office outsourcing move predicted
25 May 2009
Australian insurers are likely to move to outsource their back office operations to focus on core trade with clients, a leading claims manager has forecast...
Allianz Australia profit falls 26%
18 May 2009
Allianz Australia’s first-quarter operating profit has dipped to $54 million, down 26% compared with the corresponding period last year...
OAMPS seeks life partners
18 May 2009
OAMPS Insurance Brokers has ramped up its commitment to life insurance with plans to recruit up to 60 independent adviser partners within the next year...
Oxley buys another brokerage
18 May 2009
NSW broker Oxley Insurance brokers has bought Graham Herring Insurance Brokers...
Gloom is good for Comminsure life sales
18 May 2009
The economic downturn’s influence on a resurgence in life insurance has helped market leader Comminsure report 23% growth in first-quarter premiums, which climbed to...
AMP puts greater store in insurance
18 May 2009
Financial giant AMP will focus on risk insurance as a key factor in restoring the 160-year old company to its former glory...
Fate of Centrepoint Alliance remains uncertain
18 May 2009
The future of premium funding specialist Centrepoint Alliance remains unclear more than two weeks after the company requested a suspension of trading in its stock...
Signs are good for AIG Australia
11 May 2009
AIG Australia is celebrating a “positive” first quarter and acknowledging the efforts of its US parent to maximise the value of its core businesses and repay US taxpayers...
Uncertainty lingers over Centrepoint Alliance
11 May 2009
The future of listed premium funder Centrepoint Alliance remains unclear amid a two-week share trading halt imposed at the company’s request...
QBE at top of the global tree
11 May 2009
The QBE Group is now one of the best-performing insurers in the world, according to CFO Neil Drabsch...
Dual forms strategic partnership in Asia
11 May 2009
Underwriting agency Dual Asia has teamed up with leading Hong Kong insurer MSIG to provide professional indemnity and directors’ and officers’ insurance in the territory...
Suncorp makes bank look more attractive
11 May 2009
Amid ongoing speculation that Suncorp will sell its bank to focus on insurance, the group has added commercial property lending to “non-core” banking business it is winding down...
Movement at the top of Marsh
11 May 2009
Marsh Pacific Region Head and Australia CEO David Bidmead is moving to the US, and will be replaced by current Australia COO John Clayton...
Ace shuffles its executive pack
11 May 2009
Ace Insurance has appointed Paul Martin as NZ CEO & Country Manager...
AMP buys 5% investment stake in Austbrokers
11 May 2009
AMP Capital Investors has bought a 5% stake in broking cluster group Austbrokers – but the move has little to do with the sort of strategic stakes taken up by major insurers a couple of years ago...