NZ insurer acquires Lumley Life’s NZ operations
11 May 2004
New Zealand’s only locally owned insurer, Fidelity Life, has acquired the well-established Australian Lumley Life operation in NZ…
Corporate
Aviva’s Asian assets on the table for Oz insurers
04 May 2004
London-based insurer Aviva is planning to sell some of its businesses in Asia, with QBE and IAG tipped by analysts to be among the likely bidders…
IAG announces $350 million share buy-back
04 May 2004
IAG is continuing its bid to boost the value of its shares with a $350 million off-market buy-back tender for about $350 million worth of shares…
$300 million in shares for Promina
04 May 2004
Promina yesterday allotted 3 million reset preference shares on the ASX on a deferred settlement basis…
Sirius costs for IAG NZ’s new IT system
04 May 2004
British IT company Sirius marked its entry into the Australasian insurance market in March with the appointment of former Lumley Technology CEO Stephen Browne as its Regional Manager…
Promina profits from reforms
27 April 2004
Legislative reforms like the FSRA and changes to tort laws will help to maintain a positive and stabilising effect on the local insurance industry, according to Promina MD Mike Wilkins…
New insurance company for NSW lawyers
27 April 2004
LawCover, which insures lawyers in NSW, is the first of the state schemes to be awarded its own licence by APRA…
Marsh introduces new claims administration features
27 April 2004
International broking firm Marsh has introduced new claims administration features for its Stars software in a bid to address the needs of third-party administrators…
Vero launches revamped broker system
27 April 2004
Promina’s general insurance subsidiary Vero has launched Enterprise Plus – a revamp of its Enterprise broker system – which focuses on the increasingly complex risks…
St Andrews to take advantage of UK bancassurance model
27 April 2004
Perth-based financial services provider St Andrew’s Australia has agreed to merge the management and insurance operations of BankWest into its own…
Hawker has eyes on Asia
20 April 2004
IAG CEO Michael Hawker has admitted the insurer will be making an acquisition in Asia by the end of next year…
Buoyant Promina stays cautious
20 April 2004
It’s official – Promina Group is still riding high and expects to meet its profit forecasts…
IAG’s Endeavour late arriving
20 April 2004
New construction underwriter enters industry
14 April 2004
Mechanical and Construction Insurance is the latest insurer to take advantage of the favourable market conditions in Australia…
Liability specialist opens in Sydney
14 April 2004
Professional liability underwriting agency Dual International is opening an office in Sydney…
CGU welcomes reforms with new cover
06 April 2004
CGU will be selling home warranty insurance in NSW and Victoria from the end of next month, says IAG Deputy CEO Ian Brown…
Who is QBE’s local takeover target?
06 April 2004
QBE Chairman John Cloney says the group will meet its full-year profit targets – 10% higher than 2003 – and increase net premium income by 12.5%…
Vero’s bid to increase brand awareness
06 April 2004
Promina general insurance subsidiary Vero has partnered with the Australian Graduate School of Management to create an employee marketing education program…
Allianz awards $38 million contract
06 April 2004
IT provider Computer Sciences Corporation (CSC) has signed a $38 million contract with Allianz Australia to provide the insurer with infrastructure and technology support…
Prefsure Life launches brand
30 March 2004
The Australian arm of Prefsure Life – a South African-owned life company which is best known for its 2003 acquisition of Lumley Life – will officially launch its name…