Storms belt CommInsure income
18 February 2008
Storms in Victoria and NSW whittled CommInsure's income down to $273 million in the second half of 2007, an increase of 2% on the previous corresponding period…
Corporate
AIG to underwrite aviation in Oz
18 February 2008
AIG Australasia has established a local underwriting division for the aviation and aerospace markets…
AMP nets 8% gain in profit
18 February 2008
AMP has booked an increase in net profit of 8% to $985 million for last year amid falling investment income…
AAMI launches budget online car insurer
11 February 2008
Suncorp subsidiary AAMI has unveiled a budget car insurance portal targeting consumers with a "no frills" sales catch…
Tower sets rebrand timetable
11 February 2008
Tower Australia will rebrand within a year, according to MD Jim Minto…
Lloyd’s to drive claims revolution
11 February 2008
Lloyd's has launched a three-year claims change program in collaboration with the Lloyd's Market Association…
Ebix snares Telstra eBusiness for $50 million
04 February 2008
Insurance software specialist Ebix has acquired Telstra's general insurance technology operation, Telstra eBusiness Services - which includes transaction platform Sunrise Exchange…
Suncorp expects $325 million in synergies
04 February 2008
Suncorp has improved its forecast merger savings but downgraded its insurance trading ratio due to increased weather-related claims…
AMP unties Gordian
04 February 2008
AMP has offloaded its closed reinsurance and general insurance operation Cobalt/Gordian to Bermuda-based closed book specialist Enstar Group for $585 million…
QBE expands in US
04 February 2008
QBE has acquired US property and casualty insurer North Pointe Holdings Corporation in a $US146 million ($164 million) acquisition, subject to regulatory and shareholder approval…
Austbrokers adds Qld broker
04 February 2008
Austbrokers' expansion continued apace with a 50% purchase of Queensland-based Rivers Insurance Brokers…
Calliden enters events Arena
04 February 2008
Calliden and Action Insurance Brokers have taken a 50% shareholding in a new underwriting agency…
Gallagher Bassett opens across Tasman
04 February 2008
Claims administrator Gallagher Bassett has set up in NZ by acquiring the assets of Auckland-based Injury Prevention Management Services for an undisclosed sum…
Alliance adds Overton clients
04 February 2008
Alliance Insurance Broking Services has acquired the client base of fellow Melbourne firm Overton Insurance Brokers…
Hollard makes life play
04 February 2008
Hollard Australia has acquired 50% of a life insurance administrator as part of its drive towards a direct licence…
Calliden consolidates licences
11 December 2007
Calliden’s consolidation of its general insurance licences remains on track with the announcement that the Australian Prudential Regulation Authority has revoked…
IAG receives analyst boost
11 December 2007
Credit Suisse has upgraded IAG’s stock, citing potential in Australian personal lines and its UK motor acquisitions…
Wesfarmers builds NZ base
04 December 2007
Wesfarmers Insurance Division has added to its New Zealand presence with the acquisition of Auckland-based film and television production broker Mahony, Trendall & Jack…
Zurich NZ revs up commercial motor
04 December 2007
Zurich NZ has established a commercial motor insurance business in the country, and intends to head the market in five years…
IAG defends $24 million UK motor claim
04 December 2007
IAG is vigorously defending a $24 million claim for loss and damages brought against UK motor subsidiary Hastings by a former panel insurer for alleged breaches of its duties…