Batchelor ready with a little bad news
21 August 2001
AMP will announce its six-monthly profit on Thursday, with the market bracing for a big decline from last year’s performance…
Corporate
James Strong takes the NRMA insurance chair
07 August 2001
Former Qantas CEO James Strong was elected to the NRMA Insurance board last week, followed by his immediate election as Chairman…
AMP profit forecast goes down in ‘coincidence’
31 July 2001
Oops! AMP shares took a dive on Friday thanks to analysts rewriting their assessments of the company’s profitability…
OAMPS doubles its profit
31 July 2001
Listed local insurer OAMPS has advised the Stock Exchange that its net profit after tax for the year ended June 30 is “more than a 100% improvement…
Australian Unity sells its Building Society
24 July 2001
Australian Unity has sold its building society to Illawarra Mutual (IMB). The sale will give IMB an easy ride into the Victorian market…
OAMPS takes on major investor
24 July 2001
Perpetual Trustees Australia has taken up a major investment in OAMPS through a major share haul of 1.65 million ordinary shares representing about 5% of the group…
Pioneering portal changes its focus
24 July 2001
One of the first internet insurance portals, Insurance My Way, has reduced its financial losses within the last few months, but its dream of being a major supplier of…
Would you like some insurance with that?
17 July 2001
Simple general insurance products will soon be available over the counter at Woolworths supermarkets…
OAMPS still on the acquisition trail
10 July 2001
OAMPS continues to extend its influence, with two more mergers over the past week…
QBE shuffles its Lloyd’s cards
03 July 2001
QBE is moving around some of interest and capacity in its Lloyd’s syndicates for the new underwriting year…
NRMA looks east again
03 July 2001
NRMA is looking over the numbers for AMP’s NZ operations, with a mind to making an offer…
130 go as NRMA rebuilds
26 June 2001
The No 1 general insurer has shed 40 people in the first step of its major restructure…
Face to face technology on the cards for Lumley
26 June 2001
Lumley General and Life offices throughout Australia may install a sophisticated video-conferencing system that allows instant face-to-face interaction…
Suncorp takes the plunge
19 June 2001
Suncorp Metway has leapt from seventh to second in Australian insurance rankings with its $1.25 billion purchase of AMP’s Australian general insurance assets…
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…
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…