New CEO for Sportscover
05 December 2011
Sportscover Australia has appointed former Chartis senior executive David Lamb as its new CEO…
Corporate
Coates takes global role at Dual
05 December 2011
Dual Asia Pacific MD Damien Coates will relocate to London after being promoted to CEO of Dual International, the underwriting arm of Hyperion Insurance Group…
Gen Re appoints new Australia MD
05 December 2011
Gen Re has appointed Pietro Toffanello as MD Australia and Property/Casualty Manager of the Asia-Pacific region…
Chartis first to get full NZ insurance licence
05 December 2011
Chartis NZ has become the first New Zealand insurer to be fully licensed by the Reserve Bank under the country’s new supervisory regime…
Herbert is Suncorp’s new CRO
05 December 2011
Suncorp Deputy CFO Clayton Herbert has been appointed Chief Risk Officer, replacing Robert Stribling…
Insured Group share move approved
05 December 2011
Shareholders in Perth-based Insured Group have agreed to consolidate the number of shares listed on the NZ Stock Exchange…
Insurers to be targeted by new industry partnership
05 December 2011
Insurers will be among the groups targeted by a new partnership that aims to promote geographic information system technology for uses such as flood mapping…
Centrepoint and IBNA joint venture renewed
05 December 2011
Centrepoint Alliance Premium Funding has renewed its joint venture arrangement with insurance broker cluster IBNA for another three years…
Rates starting to increase, says Austbrokers
28 November 2011
Major broker group Austbrokers expects premium increases in the SME sector and is already seeing significant rises in domestic classes, CEO Lach McKeough told last week’s AGM…
Ansvar to quit New Zealand market
28 November 2011
Ansvar will cancel its New Zealand policies from December 31 due to the “prohibitive” cost of reinsurance…
Zurich General Insurance restructures
28 November 2011
Zurich General Insurance will restructure into two divisions – “SME fast flow” and “corporate” incorporating mid-market and global corporate business…
Tower result down on earthquakes, investment earnings
28 November 2011
Tower Ltd has posted a profit of $NZ33.4 million ($25 million) for the year to September 30, down 43% due to the Christchurch earthquakes and lower investment earnings…
Allianz prepared for any future Qantas disputes
28 November 2011
With uncertainty still hovering over the Qantas dispute with its workforce, Allianz Global Assistance has said it will declare any new action as a separate event for travel insurance…
Another player joins buydown market
28 November 2011
Broking group Insurance Advisernet has formed a new business to handle natural disaster deductibles buydown covering flood, cyclones and earthquakes…
Auditor worried about Insured Group’s losses
28 November 2011
Insured Group’s auditor has raised concerns about the future of the business due to rising losses…
French reinsurer CCR exits Australia, Thailand and NZ
28 November 2011
Paris-based reinsurer Caisse Centrale de Reassurance has informed its Australian, New Zealand and Thai partners it will no longer provide reinsurance for their markets…
Suncorp’s commercial claims platform goes live nationally
28 November 2011
The $20 million upgrade of Suncorp Commercial Insurance Statutory division’s claims management platform reached a milestone last week when all sites went live nationally…
Healthier Marsh re-rated by S&P
21 November 2011
Standard & Poor’s has revised its outlook rating on global broker Marsh from negative to stable and confirmed its BBB- long-term and A-3 short-term ratings…
Vero boosts women in its workforce
21 November 2011
Vero has turned its focus onto the women in its workforce with a strategy aimed at retaining female staff and attracting more…
Wallabies star to run Centric Wealth
21 November 2011
Centric Wealth has appointed former Wallabies captain Phil Kearns as its new CEO…