Allianz pays another $120 million in HIH deal
10 February 2004
Allianz will pay $120 million to the liquidator of HIH under a settlement agreement reached in the NSW Supreme Court last week…
Local
New reinsurance venture for Bubb
10 February 2004
Former Gerling Re Australia CEO John Bubb has started a new reinsurance business, Australian Reinsurance Underwriting Services…
Smash repair scheme in court
10 February 2004
Several years ago AAMI was the focus of a major push by smash repairers to force it away from its policy of selecting repairers…
CGU sets sights on marine cover
03 February 2004
CGU will establish its own marine insurance company within the next few months after losing a battle with Zurich over the joint ownership of Associated Marine Insurance…
NIBA details SOA back office costs solution
03 February 2004
NIBA has given its members an updated view on the complex question of how – or if – they need to disclose in Statements of Advice for retail clients…
Queensland storm bill tops $7 million… and rising
03 February 2004
Wild storms which ravaged parts of southeastern Queensland last week have hit insurers with a damage bill of $7.5 million…
Victorian storms bill grows
03 February 2004
It’s a similar story in Melbourne, where claims from last Thursday’s storms have also soared into the millions…
ANZIIF launches new compliance tool
03 February 2004
ANZIIF has launched a new online compliance tool called InSITE to assist members with ongoing requirements enforced by the FSRA…
Cooper loses bid to get his passport back
03 February 2004
There’ll be no overseas vacations or business trips for Brad Cooper – well, not in the short term anyway…
South Australians take risks with insurance
03 February 2004
Insurance Disaster Response Organisation statistics show that more than 26% – one in four – South Australian householders are totally uninsured…
Lynam retains UAC chairmanship
03 February 2004
SRS Insurance Group MD Paul Lynam has been re-elected Chairman of the Underwriting Agencies Council…
Back to the serious stuff
03 February 2004
With the summer holiday now just a memory, a number of industry groups are already advertising upcoming annual conferences…
Melbourne storm bill rises
09 December 2003
Last week’s savage rainstorm in Melbourne’s northern suburbs will cost insurers at least $75 million, according to the Insurance Disaster Recovery Organisation…
Underwriter, broker in court action
09 December 2003
ASIC has taken action against an insurance underwriting agency, Triton, and Sydney insurance broker Aradlay over their alleged business links with an unauthorised foreign insurer…
Bracing for a blazing summer
09 December 2003
From rain to fire…
‘Fewer cyclones’ prediction confirmed
09 December 2003
Amid the warnings of increased bushfire risk this summer comes at least one bright spot…
Now it’s RMIA for risk managers
09 December 2003
The Australian associations representing risk managers – ARIMA Ltd and the Australasian Institute of Risk Management – have voted in favour of a merger…
Heath Lambert in Government contract row
02 December 2003
Top 10 broker Heath Lambert Australia is racing to contain the damage of an inquiry which found it had picked up forbidden commissions…
ICA wants TPA loophole closed quickly
02 December 2003
The insurance industry is growing anxious about the Federal Government’s seeming lack of urgency in processing Trade Practices Bill reforms…
ACT passes industrial manslaughter laws
02 December 2003
The ACT has made Australian legal history by becoming the first-ever jurisdiction to make companies liable for criminal prosecution if an employee dies at work…