CGU grows with Fortis buy
19 June 2001
The Australian operations of European insurer Fortis have been sold to CGU, the local general insurance arm of British financial giant, CGNU…
Corporate
Another exit from the Australian market
19 June 2001
The Fortis withdrawal from the Australian market is a major step in its strategy to move away from general insurance and diversify from the competitive European market…
Dispute goes behind closed doors
19 June 2001
NRMA’s two warring groups have taken their case out of the court and behind closed doors…
Fortis for sale: sun rising
13 June 2001
Rumours surrounding the future of Fortis in Australia continue to bubble in the market…
Fortis for sale: sun also rising?
13 June 2001
Rumours surrounding the future of Fortis in Australia continue to bubble in the market…
Sportscover takes on UK market
22 May 2001
Melbourne-based sports insurer Sportscover has joined forces with Lloyd’s insurer Alleghany Underwriting to bring their personal accident products to the Lloyd’s market…
Mums and dads move out of NRMA
22 May 2001
The NRMA share buyback has been overwhelmingly successful – a situation that should please all parties. About 250,000 shareholders offered their shares back…
…and AAMI cashes in, anyway
22 May 2001
Personal lines rival AAMI is understood to be giving NRMA a real run for its money in the highly competitive NSW market…
Decline won’t hinder AMP much
22 May 2001
AMP says its first half results will be affected by declining equity markets. But don’t panic – operating earnings will still grow more than 9% this year…
Ratings agency fuels sale rumour
15 May 2001
Will AMP sell its general insurance arm? Ratings agency Standard & Poor’s certainly thinks it’s a better than even chance…
Lloyd’s takes a bigger share
15 May 2001
Lloyd’s Australian business grew 9% last year to $381.8 million. General liability business accounted for 40% of Lloyd’s total Australian income…
Aiming for a winning post
08 May 2001
Australia Post customers will be able to access Royal & SunAlliance’s insurance products as the result of a new website link between the two organisations…
We pay our way, says Lloyd’s
08 May 2001
Lloyd’s has hit back at claims by leading industry figures that the exodus of insurance business to overseas markets exposes Australian policyholders to lesser standards…
Barry knows best
08 May 2001
Brisbane broker Barry Almond knows plenty about InsNet’s Sunrise Project…
Logo changes, but little else
01 May 2001
CGU and Norwich Union in Australia have begun implementing a new “visual identity” campaign to bring it into line with their parent company’s global rebranding…
NRMA healthy but under observation
01 May 2001
NRMA’s present high-profile problems aren’t doing much to bolster consumer confidence in the general insurance industry…
NRMA buyback going well
24 April 2001
No real progress figures are available at this point, but NRMA’s share buyback scheme is understood to be progressing satisfactorily…
Fit for business
24 April 2001
QBE MD Frank O’Halloran isn’t a man entirely comfortable in the limelight, unless he’s talking about his company or commenting on industry matters…
QBE raises extra capital
24 April 2001
QBE raised $273 million last Tuesday night through a placement to individual investors…
InsNet reaches sunrise milestone
17 April 2001
InsNet has completed core development for the first phase of its Sunrise program…