QBE securities success
02 November 2004
QBE Insurance has sold $295 million of securities to the United States investor market to raise funds for increased risk-based capital requirements for 2005 in its Lloyd’s operation…
Corporate
Ace rating falls
02 November 2004
Standard & Poor’s has revised its outlook on Ace and some of its subsidiaries – including Ace Australia and Ace New Zealand – to negative from stable…
Lloyd’s gets new representative
02 November 2004
Former Copenhagen Re CEO Andrew Allison has set up CBD Syndicate Underwriting in Sydney in a bid to offer Lloyd’s reinsurance products direct to the Australian market…
OAMPS acquires AIB Darwin
02 November 2004
National network OAMPS Insurance Brokers has continued its move into the bigger broking operations with the acquisition of the Darwin business of AIB Insurance Brokers…
OAMPS buys major broker
26 October 2004
National broking network OAMPS has snapped up ZIB Group Holdings, boosting its share of small and medium enterprise and specialty markets…
Axa backs away from buyout plan
26 October 2004
French insurance giant Axa SA has backed away from its proposal to acquire the remaining 48.3% of shares in Axa Asia Pacific Holdings after talks with the local board broke down…
CGU wins round one
26 October 2004
CGU Insurance won round one of the legal battle on who should foot the bill for compensation paid to investors affected by crook advisers…
Managers join in new Dexta structure
19 October 2004
Private equity manager Ironbridge Capital has taken a majority stake in underwriting agency Dexta Corporation in partnership with the company’s management…
Aon sells Cambridge stake
19 October 2004
Singapore-based Scandent Group has bought a majority stake in former Aon-owned claims administration business Cambridge Integrated Services Group…
QBE staying put, says CFO
12 October 2004
QBE Insurance won’t be following James Hardie Industries and News Limited in basing its operations outside Australia…
Merger buzz falls flat
12 October 2004
Fairfax – which publishes BRW as well as the Sydney Morning Herald and The Age – has had a bit of a thing about QBE recently…
Tower merges NZ operations
12 October 2004
Tower is pulling together its NZ operations under one CEO…
Gold Seal moves on US
12 October 2004
Queensland-based Gold Seal Risk Management has teamed up with US program underwriting group Lighthouse Companies to offer agents and brokers new professional liability coverage…
QBE not swept up in hurricane
05 October 2004
QBE CEO Frank O’Halloran has assured investors that the four hurricanes which hit the US east coast over the past few weeks will not affect the group’s profit…
Tower will need to build
05 October 2004
Tower Chairman Olaf O’Duill says that once the company has completed the spin-off of its Australian wealth management arm the New Zealand business will need to grow…
Safety award for AAMI
05 October 2004
AAMI has won an Australian Safer Communities Award for its work with the Victorian State Emergency Service…
QBE Mercantile Mutual restructures team
05 October 2004
QBE Mercantile Mutual has a new leadership team after restructuring to align it with new parent QBE…
NIBA prepares to head west
05 October 2004
The insurance industry is preparing to head to Perth in the next couple of weeks for Australia’s premier insurance event – the NIBA Convention…
NTI joins Sunrise Exchange
28 September 2004
Australia’s largest truck insurer, National Transport Insurance, is joining Sunrise Exchange, with its products available through the platform from January…
Tower merges NZ divisions with one chief
28 September 2004
Insurance and wealth management group Tower New Zealand is set to combine its insurance and operations and its investment businesses and replace divisional heads with one CEO…