QBE issues convertible securities
28 September 2004
QBE Insurance Group has issued 20-year zero coupon senior convertible securities to institutional investors, raising $530 million net after expenses…
Corporate
Vero revamps website
28 September 2004
Vero has launched a new-look website, which it says is based on feedback from brokers about what they need from a website and features that would make their jobs easier…
Austbrokers in acquisition mode
28 September 2004
Sydney-based Robert Williams & Associates has been taken over by John Hallman with assistance from Austbrokers…
Coles Myer looks to insurance
28 September 2004
After announcing last week a net profit of $576.5 million for the year to July 25 – and hailing the success of its petrol retailing scheme, Coles Myer is getting into insurance…
Tower may list Australian wealth arm
21 September 2004
New Zealand company Tower has commissioned a review to decide whether to spin off its wealth management arm in Australia through a separate listing…
Elders takes claims in-house
21 September 2004
Elders Insurance has launched a new in-house claims team…
QBE wins better credit rating
21 September 2004
AM Best has assigned an issuer credit rating of “bbb+” to QBE Insurance Group, the group’s non-operating holding company…
Phillips Fox leads on insurance
21 September 2004
Law firm Phillips Fox is the No 1 company in Australia for insurance and reinsurance legal expertise…
NTI launches repairer scheme
14 September 2004
National Transport Insurance has launched an accredited repairer scheme in a move to raise industry repair standards and ensure higher quality and faster repairs…
New name for GE insurance units
14 September 2004
General Electric has gathered its reinsurance and commercial insurance businesses under one name…
Austbrokers listing mooted
07 September 2004
Cluster group Austbrokers is to be listed by Netherlands-based ING Group in a $100 million initial public offering of $100 million, according to a weekend report…
QBE directors sell shares
07 September 2004
QBE Chairman John Cloney and fellow director Charles Curran have just sold a hefty number of shares in QBE, but the company says that doesn’t mean they plan to quit…
Just Car woos young drivers
07 September 2004
AAMI offshoot Just Car Insurance, which insures the virtually uninsurable, has aimed its first national television advertising campaign squarely at the under-25 market…
Suncorp surges 61% on last year
31 August 2004
Suncorp Metway has announced a record 61% increase in net profit for 2003/04 of $618 million, and most of it came from general insurance…
Promina up 51% for the half
31 August 2004
Promina Group has outperformed expectations since its successful initial public offering last year…
Reinsurer all set with plan to be an insurer
31 August 2004
ReAC has recorded a half-year profit of $6.75 million, compared with $1.17 million last year, and its run-off of assets and liabilities is nearly finalised…
IAG plans to cut IT costs
31 August 2004
No. 1 local insurer IAG plans to eliminate duplication of hardware and software systems over the next year in a bid to reduce technology costs…
Fishing for marine staff
24 August 2004
CGU’s decision early this year to enter the marine insurance market after it had to drop its joint ownership in Associated Marine Insurers is proceeding…
Bumper profit for IAG – and ambitions for Asia
24 August 2004
IAG has announced a net profit of $665 million for 2003/04, compared with $153 million in the previous year…
QBE turns in a premium performance
24 August 2004
Can things get any better for No. 5 insurer QBE Insurance…?