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…
Corporate
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…
Tower Australia flourishes after split
04 December 2007
Listed life insurer Tower Australia Group has delivered a 29% improvement in net profit to $40.7 million for the year to September 30…
Consolidation to fire future growth
27 November 2007
Austbrokers is pinning its growth prospects on industry consolidation as the soft market forces brokers to embrace greater economies of scale…
Axa unveils five-year plan
27 November 2007
Axa Asia Pacific Holdings is aiming to double the enterprise value of its Australia and New Zealand business over the next five years…
IAG shareholders targeted
27 November 2007
IAG is again fending off stock market predators after another unsolicited bid significantly undervalued the company’s share price…
IAG weathers stormy AGM
20 November 2007
IAG CEO Michael Hawker has stood firm on rates and received the backing of his chairman at last week's AGM…
OAMPS picks up another broker
20 November 2007
OAMPS Insurance Brokers has added to its local presence with the acquisition of Queensland commercial hospitality specialist MIB Insurance Brokers…
More underwriting pain for Wesfarmers
20 November 2007
Wesfarmers Insurance Division continues to be affected by the soft market and increased claims…
CommInsure to underwrite motor
13 November 2007
CommInsure has ditched Allianz to underwrite its own car insurance in a bid for greater control over its premiums…
Austcover acquires liability specialist
13 November 2007
Insurance broker Austcover has acquired both the retail and wholesale business of public liability specialist Altiora Group for an undisclosed sum…
IAG stalls again in China
13 November 2007
A Chinese media report says IAG's plans to invest in a local insurer have been suspended due to the Australian insurer's financial concerns…
IAG gives Hawker 2.2 million reasons to be cheerful
13 November 2007
IAG has granted embattled CEO Michael Hawker a package of almost half a million share rights worth $2.2 million as he fights to turn the insurer's fortunes around…
Stardex picks up Kiwi motor specialist
13 November 2007
Major underwriting agency group Stardex has made its first foray outside Australia with the acquisition of NZ-based Inbroke Corporation…
Wesfarmers ringfences insurance ratings
13 November 2007
Standard & Poor's has assigned a negative outlook for Wesfarmers' wholly owned insurance subsidiaries, but has retained their vital A- ratings…
Pay package mishandled: Mulcahy
06 November 2007
Suncorp CEO John Mulcahy has conceded his controversial pay deal was poorly handled…
Aussie jobs may be at risk in Aon cull
06 November 2007
Australian jobs may be at risk as Aon plans to lay off 6% of its global workforce…
Munich Re grabs IAG’s Indian dream
06 November 2007
Munich Re has secured a stake in one of India's largest insurance groups, Housing Development Finance Corporation - a group which Sydney-based IAG had high hopes…