BHSI unveils new construction team
14 September 2015
Berkshire Hathaway Specialty Insurance has unveiled the executive team to oversee its construction cover business in Australia…
Corporate
CBL moves towards listing
14 September 2015
Auckland-based specialty insurance and reinsurance group CBL Corporation has registered its product disclosure statement with regulators as it prepares for listing in New Zealand and Australia…
Coles enters landlord insurance market
14 September 2015
Coles Financial Services has introduced landlord cover backed by IAG-owned WFI Insurance…
Western Pacific liquidator reports progress on claims
14 September 2015
The liquidators of failed New Zealand insurer Western Pacific have submitted $NZ41.6 million of claims from the Canterbury earthquakes to reinsurance brokers…
Southern Response hit with policyholder class action
14 September 2015
Government-owned Southern Response faces a class action from angry homeowners over delays in handling their claims from the 2011 Canterbury earthquakes…
Vero NZ names new director
14 September 2015
Vero Insurance New Zealand has appointed financial services professional Alison Gerry as a director, following the retirement of Eion Edgar…
Vero splits its broker focus in two
07 September 2015
Vero has refined its distribution model and made two key senior appointments as it seeks to sharpen its focus on broker relationships…
Stream posts loss as rapid expansion backfires
07 September 2015
Claims services provider Stream Group has reported a net loss of $12.82 million for the year to June 30, as bad investments took their toll…
CBL acquisition ‘opens doors’ for Assetinsure
07 September 2015
Assetinsure, the largest surety bond insurer in Australia, has been acquired by New Zealand-based specialty insurance and reinsurance group CBL Corporation…
Sports Underwriting teams up with Great Lakes
07 September 2015
Sports Underwriting Australia has struck an agency agreement with Great Lakes Australia after nine years with Calliden as its underwriting security provider…
Ironshore helps lift Fosun profits
07 September 2015
Fosun International’s insurance business made a net profit of 1.79 billion yuan in the half-year to June 30, up from 114.5 million yuan in the corresponding period last year…
AIG Australia holds rating
07 September 2015
Moody’s has affirmed the A2 insurance financial strength ratings of AIG’s Asia-Pacific subsidiaries, including AIG Australia…
MDA National teams up with AMA Queensland
07 September 2015
Medical defence mutual MDA National has announced a strategic alliance formalising it as the preferred medical indemnity insurer for the Australian Medical Association Queensland…
Genworth names new risk chief
07 September 2015
Genworth Australia has appointed Andrew Cormack as Chief Risk Officer, effective from October 1…
Austbrokers builds on non-broker assets
31 August 2015
Austbrokers has recorded a 2.5% increase in adjusted net profit after tax to $36.3 million, saying 23% of its profit is now derived from non-broking sources…
Steadfast eyes Asia as acquisitions drive growth
31 August 2015
Broker group Steadfast is looking to Asia after acquisitions pushed net profit up 68% to $42.1 million for the year to June 30…
Austbrokers acquires corporate broker
31 August 2015
Austbrokers has announced a partnership with corporate broker and risk adviser KJ Risk Group, as it continues to step up its growth strategy…
Ansvar helps UK parent post profit surge
31 August 2015
UK-based faith insurer Ecclesiastical Insurance Office nearly doubled its profit after tax to £35.3 million in the first half of this year, partly driven by its Ansvar Australia unit…
Moody’s may upgrade QBE ratings
31 August 2015
Moody’s has placed QBE Insurance Group’s Baa2 stable rating under review for an upgrade after action by the insurer to reduce financial leverage and lift earnings and profitability…
Move into general insurance pays off for Australian Unity
31 August 2015
Australian Unity’s general insurance revenue increased 46% to $1.8 million in 2014/15…