Lumley signs agreement with Italian insurer
05 December 2006
Lumley Australia has signed an agreement with the UK branch of Italian insurance company Generali Group and its parent company Assicurazioni Generali…
Corporate
Australian Unity and FMG joint venture finalised
05 December 2006
FMG Insurance Australia, a subsidiary of New Zealand-based FMG Group, has partnered with Australian Unity General Insurance in a venture that has just received approval…
Stardex soars on fly buy
05 December 2006
Leading insurance underwriting agency Stardex is flying high with its purchase of Brisbane business General & Aviation Underwriting…
Tower announces bumper results
05 December 2006
Demerged trans-Tasman entity Tower Limited has reported strong operating earnings growth for the financial year ended September 30, in line with forecasts…
Calliden acquires half of claims company
05 December 2006
The company specialises in motor vehicle accident management, assessing management and claims management for insurance companies and self-insuring corporations…
Firmer market at least a year away, says IAG
28 November 2006
IAG says the commercial pricing environment in Australia will remain challenging, with no reprieve expected until at least the end of next year…
Thumbs up for Zurich Academy
28 November 2006
Zurich Financial Services Australia will continue its leadership program, the Zurich Academy, in 2007 after the successful completion of a pilot program this year…
IAG flags more acquisitions
21 November 2006
After its acquisition of British motor insurance broker Hastings and general insurer Advantage in September, IAG now expects its gross written premium growth rate to be greater next year…
Legal eagles go international
21 November 2006
Leading insurance law firm Phillips Fox finally became part of a global insurance law empire yesterday, officially beginning life in an exclusive alliance with the global DLA Piper Group…
Kay new CEO at AAMI
21 November 2006
Promina’s personal lines subsidiary AAMI has appointed former COO Michael Kay to the position of CEO…
Twin Towers: shareholders approve
14 November 2006
Shareholders in trans-Tasman insurer Tower have voted unanimously to split the group’s Australian and New Zealand businesses…
Aon Pacific does its own thing
14 November 2006
Global broker Aon Group has separated its Asian Pacific business from its European, Middle East and African operations in a bid to better serve clients and execute their demands…
FM Global drops premiums
14 November 2006
FM Global is a company that doesn’t mind giving back to its customers after experiencing good times…
IAG opens new call centre
14 November 2006
IAG New Zealand has opened a purpose-built business and call centre in Christchurch…
Promina delivers ACCC submission
07 November 2006
Promina and Suncorp have delivered their submission over their proposed $7.9 billion merger to the Australian Competition and Consumer Commission…
Wesfarmers declares OAMPS deal unconditional
07 November 2006
Perth conglomerate Wesfarmers has declared its $700 million bid for broking network OAMPS free from all conditions – including 90% minimum acceptance…
Abuse claims pit school against Aon
07 November 2006
Brisbane Grammar School is locked in a legal stoush with its insurance broker, Aon, after insurers refused to pay out a successful compensation claim…
Vero buys PI insurer
07 November 2006
Promina subsidiary Vero has entered into an agreement to acquire specialist professional indemnity underwriter APUA…
Suncorp CEO tips more consolidation
31 October 2006
Suncorp CEO John Mulcahy has forecast more consolidation in Australia’s financial services sector as the nation’s big banks prepare to release their results…
Promina shareholder pulls pin fast
31 October 2006
Promina’s largest shareholder, Perpetual Investments, has begun to wind back its exposure following the announcement of the merger agreement with Suncorp…