New entrant setting up reinsurance operation
14 August 2007
A new player in the Australian reinsurance market is set to open its doors as soon as it can get regulatory approval…
Corporate
QBE buys Universal
14 August 2007
OAMPS has sold its wholly owned subsidiary Universal Underwriting Agencies to QBE…
Axa on target
14 August 2007
Axa Asia Pacific is on track to achieve its “Axa 6” goals, with a 23% increase in after-tax profit for the first half of this year…
Aviva up 21%
14 August 2007
Financial services company Aviva Australia has improved its first-half earnings by 21% to £23 million ($46.48 million) from the corresponding period last year…
QBE moving into Romania
07 August 2007
The global diversification of Australian insurer QBE continues to grow, with the company set to open a branch in Romania by early next year…
Calliden begins Australian Unity integration
07 August 2007
Niche underwriter Calliden has begun integrating the newly acquired assets of Australian Unity General Insurance, beginning with the workforce…
AIG aims at top of personal lines
07 August 2007
AIG Australia is entering the personal lines market by aiming at the high net worth customer niche…
IAG warns of share raids
07 August 2007
“Mum and dad” investors in IAG are being told to avoid market raiders offering low prices for their IAG stock…
Names make it no deal for QBE
31 July 2007
QBE CEO Frank O’Halloran has described the Lloyd’s market as archaic, lacking transparency and exhibiting potential conflicts of interest after walking away from purchasing…
Calliden cleared for Australian Unity buy
31 July 2007
Niche insurer Calliden has been cleared to buy the general insurance assets of Australian Unity by the Australian Prudential Regulation Authority…
QBE makes Indian play
24 July 2007
Australian insurer QBE has made its first incursion into the $10 billion Indian insurance market…
… and IAG bids for passage to India
24 July 2007
Rumours of a potential bid from IAG for an Indian insurer have strengthened on reports the Australian insurer has outbid US and German rivals for a slice of the country's…
QBE moves into Switzerland
17 July 2007
QBE has acquired two Swiss insurance businesses that will be merged next year to form QBE Switzerland…
S&P cautious on Calliden/AU deal
17 July 2007
Standard & Poor’s has put the Australian Unity general insurance operation’s BBB rating on CreditWatch with negative implications following the decision to sell it to Calliden…
Vero managers in the minority
17 July 2007
Suncorp’s new 10-person team of executive GMs overseeing its commercial insurance business includes only two managers from Vero…
Austbrokers adds another
17 July 2007
Austbrokers’ NSW Central Coast operation has acquired associate company Gosford Insurance Brokers…
Calliden buys Aussie Unity business
10 July 2007
Sydney-based insurer Calliden Group has gained a significant boost in premium and a new major shareholder after acquiring the general insurance business of Australian Unity…
Suncorp names its commercial team
10 July 2007
Suncorp this afternoon announced its new commercial insurance structure and executive leadership team…
Wesfarmers reassures market on Lumley
10 July 2007
Wesfarmers says Lumley’s insurance operation is being “ring-fenced” to ensure the $22 billion purchase of retailer Coles doesn’t impact on its rating…
IAG curries favour: Indian media
10 July 2007
IAG is rumoured to be vying for a slice of Indian insurance firm Housing Development Finance Corp, according to Indian media reports…