AMP Chairman retires
24 May 2005
AMP Chairman Peter Willcox has announced he will retire from the board of the financial services group…
Corporate
Growth a challenge for the industry, says Wesfarmers
17 May 2005
Perth conglomerate Wesfarmers is finding it harder to achieve premium growth in its insurance division as the industry becomes more competitive…
GAB Robins denies sale rumours
17 May 2005
GAB Robins Australia has denied market rumours that its parent company is in talks to sell its operations outside the US for up to $244 million…
Austbrokers on acquisition trail
17 May 2005
The Austbrokers Group has formed an equity partnership with Sydney-based brokerage Salisbury Payne Tinslay, a former member of fellow cluster IBNA…
Three share NSW Govt workers’ comp
17 May 2005
GIO has lost its 15-year monopoly on managing workers’ comp claims for the NSW Government Treasury Managed Fund…
Re-release of Zurich online processing tool
10 May 2005
Zurich Australia has released an enhanced version of its web-based delivery system Z.stream, with improvements based on broker research…
FMG moves 36% of staff to Wellington
10 May 2005
NZ farmers’ insurer FMG is moving its corporate office to Wellington because of recruitment problems in the small provincial city of Palmerston North…
QBE’s Jones moves up in major reshuffle
03 May 2005
QBE has reshuffled its senior management, with its Australian Operations MD Raymond Jones moving to Group GM Business Development…
Staff and business exodus at Marsh
03 May 2005
Marsh in Australia has lost a “significant” number of key staff – and business – in recent months. It appears that mega-rival Aon is the chief beneficiary of the moves…
Vero gives up on SA, NSW workers’ comp
03 May 2005
Up to 150 jobs may be cut at Vero Insurance following its decision to exit the NSW and SA workers’ compensation schemes…
Suncorp sells marine portfolio to Vero
19 April 2005
Vero Insurance has entered into an exclusive agreement with Suncorp to take over its intermediated commercial marine insurance business…
Axa set to move into India
19 April 2005
Melbourne-based Axa Asia Pacific is poised to sign an agreement with a joint venture partner in India over the next few months…
South African group launches real Australian product
19 April 2005
One of South Africa’s largest general insurance groups, Hollard, is building its public awareness in Australia through its Real Insurance direct brand…
Regulatory issues forced Trowbridge Deloitte split
12 April 2005
“Regulatory concerns” forced Trowbridge Deloitte to split into two units, general insurance and financial services…
Trans-Tasman face for Tower’s NZ General Insurance
12 April 2005
NZ insurer Tower has appointed a new head for its general insurance and direct risk business, with Australian financial services consultant Pieter Lindhout starting in the new job…
Top insurance salaries in line with other industries
05 April 2005
Insurance executives may have experienced some tidy pay increases this year, but it’s all relative…
Trans-Tasman the magic word for Asteron
05 April 2005
Asteron, the financial services division of the Promina group, has adopted a trans-Tasman initiative to align the company’s Australian and New Zealand businesses…
Assetinsure moves into healthcare
05 April 2005
Sydney-based insurance company Assetinsure has announced it will support a new specialist underwriting agency, Healthcare Underwriting Agency…
SRS pushes Australian presence
30 March 2005
SRS Underwriting Agency has extended its Australian presence beyond Melbourne and Brisbane, opening offices in Sydney…
QBE snaps up Concord group
15 March 2005
Leading underwriting agency Concord Insurance Group has become a fully owned operation of QBE Insurance…