QBE: money in the bank and shares rising
23 October 2001
QBE’s Frank O’Halloran has had a remarkable past month as his company’s fortunes have see-sawed under the impact of the September 11 attacks…
Corporate
QBE needs $600 million more to compete: analyst
16 October 2001
QBE chief Frank O’Halloran has something else to worry about…
Delphi, 3rdmill get together
09 October 2001
Software supplier Delphi Information Systems has reached a new deal with 3rdmill, an application and content management company…
NRMA sells its building society
02 October 2001
No 1 insurer NRMA has sold its building society for $138 million…
Suncorp seals AMP deal
02 October 2001
Suncorp Metway has completed the acquisition of the AMP, with the settlement finalised late last week…
QBE says it’s $250 million, and that’s all
02 October 2001
QBE is sticking by its “best estimate” of a net loss of $250 million from the US attacks, despite some sniping from media commentators…
QBE deals with its New York fallout
25 September 2001
For QBE Insurance Managing Director Frank O’Halloran, the past couple of weeks since the terrorist attacks on America have been devastating…
CGU reviews its exposures
25 September 2001
CGU in Australia is “reviewing its potential exposures” following the New York disaster…
QBE exposure leads to market rout
18 September 2001
QBE’s share price has been hammered by private and institutional investors alike since it announced yesterday afternoon that it has a big exposure to the New York disaster…
RACV awarded $3 million in IT case
18 September 2001
RACV Insurance has won its lawsuit against IT company Unisys, and has been awarded $3 million in damages…
NRMA decides to rebrand
11 September 2001
NRMA now has a new CEO and – very shortly – a new name…
AMP seeks London Listing
11 September 2001
AMP’s plan to become listed on the London Stock Exchange will allow the Australian financial services giant to access global capital and cut costs, thanks to Britain’s lower corporate taxes…
A happy half-year for QBE
04 September 2001
QBE is starting to realise the benefits of a number of global acquisitions and other initiatives with an increase of 56% in net profit after tax for the half-year…
NRMA does okay with good second half
04 September 2001
Okay, so it wasn’t a great result for Australia’s largest general insurer…
RACV falls short of its target
04 September 2001
RACV Insurance isn’t sharing NRMA’s cheer from its annual results…
Wanted: a new name for NRMA
04 September 2001
NRMA is rumoured to be looking for a new name…
Suncorp/RACQ deal gets the nod from ACCC
04 September 2001
Suncorp Metway has convinced ACCC regulators that it should be able to buy AMP’s stake in the joint venture with RACQ…
Australian operations rescue globally minded AMP
28 August 2001
After years of talking up its strategies in the British and European markets, AMP’s Australian operation was the big performer when the company revealed its half-year…
A hiccup for the successful bidder
28 August 2001
Suncorp Metway, already grappling with a six-month loss and plans to merge the former AMP General/GIO operations into its organisation, won’t have taken much…
Suncorp getting set for a very big merger
21 August 2001
Suncorp Metway isn’t responding just yet to the most-asked question in the industry: how is it going to integrate the AMP general insurance operations…