Comminsure writes down $34 million
19 May 2008
Comminsure has been forced to write down $34 million from its life portfolio as a result of widening credit spreads...
Corporate
Connect closes Sydney office
19 May 2008
Underwriting agency Connect Liability Solutions, which specialises in hard to place liability lines, has closed its Sydney office, with the departure of founding partner Kevin Corkery...
Land of the rising Suncorp
12 May 2008
Suncorp has shrugged off a difficult investment market and higher claims by announcing it’s in line to meet earnings forecasts...
QBE tactics draw criticism
12 May 2008
QBE’s softly-softly approach to its IAG takeover is beginning to draw criticism from analysts and commentators...
Market awaits details of acquisitions
12 May 2008
There’s no word yet on exactly which five product distribution companies QBE has picked up, or even exactly where they are...
Wesfarmers hands Kiwi brokers strategy role
12 May 2008
OAMPS CEO Peter Blackmore’s position isn’t in doubt despite a strategic reshuffle by Wesfarmers Insurance Division...
IAG suffers ratings downgrade
12 May 2008
IAG’s financial ratings have taken a dive following the reduction in its insurance margin late last month to 6-8% from 9-11%...
Hong Kong broker enters local reinsurance market
12 May 2008
Hong Kong-based marine broker FP Marine Risks is opening its second Australian office in Sydney under the command of marine specialist Tim Cutler...
IAG named as potential partner for Indian JV
05 May 2008
The State Bank of India is expected to announce its non-life insurance partner in June – and IAG is still in the hunt...
QBE finalises North Pointe deal
05 May 2008
QBE has completed its $US146 million ($155 million) acquisition of US property/casualty insurer North Pointe...
Exit Norwich Union
05 May 2008
Aviva will phase out the Norwich Union brand name over the next two years as it brings its global general and life insurance businesses together under the “One Aviva” banner...
Calliden offers brokers Advantage
05 May 2008
Calliden has brought together its SME and personal lines intermediary business under the go-to-market Advantage banner...
QBE expands energy account in Singapore
28 April 2008
QBE has established an underwriting operation at the Lloyd’s market in Singapore, expanding the group’s presence in Asia...
Dual set for Hong Kong launch
28 April 2008
Dual International will expand its professional lines business into Hong Kong in July...
Asbestos payments are safe, says Iemma
28 April 2008
Procedural matters for the trial of 10 James Hardie directors have been finalised, while asbestos campaigners have been assured their compensation payments…
AIG Life wins website accolade
28 April 2008
AIG Life’s website has been rated the most responsive in an online survey of insurers...
Bank fills new CRO role
28 April 2008
The Commonwealth Bank of Australia has appointed New York-based risk expert Alden Toevs in the new position of chief risk officer...
New CEO for Lumley NZ
21 April 2008
Wesfarmers Insurance has appointed Vero NZ Executive GM John Lyon as Lumley NZ’s new CEO...
Insurer exits PI for planners
21 April 2008
QBE is pulling out of the professional indemnity market for financial planners and stockbrokers, with effect from June 1...
SRS poaches underwriting team
21 April 2008
Brisbane-based Lloyd’s underwriting agency SRS has boosted its Victorian professional risks business by poaching the entire underwriting team of niche agency…