CGU buys 50% of AHI
05 July 2010
CGU has bought 50% of major underwriting agency Accident & Health International…
Corporate
Calliden sells share in Sports Underwriting
05 July 2010
Junior insurer Calliden will sell its 50% stake in Sports Underwriting Agency, which it helped establish in 2006…
Ansvar appoints new CEO
05 July 2010
Former software company executive Andrew Moon has been appointed CEO of Ansvar Insurance, joining the community and faith insurance specialist at the start of next month…
NSW brokerages merge
05 July 2010
Byron Bay-based Eagle Insurance Brokers and Kempsey counterpart Australian Insurance Services have announced a merger that will create a significant player in the north of NSW…
BOQ buys St Andrew’s Insurance
05 July 2010
The Bank of Queensland Ltd has expanded its insurance offering with the purchase of St Andrew’s Insurance (Australia) and St Andrew’s Life Insurance…
QBE completes NAU acquisition
05 July 2010
QBE Group has successfully completed its acquisition of specialist US crop insurer NAU Country Insurance…
Online insurer buzzes into homes
05 July 2010
IAG-owned The Buzz has extended its product range to include home insurance alongside its initial car insurance offering…
NZI announces new leaders
28 June 2010
IAG New Zealand subsidiary NZI has announced several strategic appointments…
Ebix swallows compliance specialist
28 June 2010
Ebix Australia has purchased compliance tracking service Trades Monitor in an acquisition that mirrors operations held by its US parent…
Zurich’s NZ chief to change roles
28 June 2010
Zurich Australia’s Country Manager NZ Mike Poole is to step down next month to take up another role within the company…
Elders shares fall on profit downgrade
28 June 2010
Elders will implement a frugal program of job cuts and cost reductions after announcing it expects to make a loss this year…
New ship cover policy
28 June 2010
Zurich subsidiary Associated Marine Insurers says updated terms for its ship repairers’ policy will boost Australia’s reputation as a centre for shipbuilding and repairs…
NRMA adds to iPhone apps suite
28 June 2010
Motor insurer NRMA Insurance is building its smartphone application presence with the release of two new products for the iPhone…
Dual lures Calliden executive
28 June 2010
Specialist underwriting agency Dual Australia has a new COO following the appointment of former Calliden Underwriting Director Peter Bailey…
QBE resilient despite rising exposure
21 June 2010
QBE has forecast its first-half insurance profit margin to hit the lower end of its earlier 16-18% target range due to lower investment yields and a higher exposure to large claims…
QBE outlines global distribution strategy
21 June 2010
QBE Group is looking to new relationships with major brokers as its new global distribution business headed by former Australian Operations CEO Terry Ibbotson targets new business…
Cunningham Lindsey launches mining team
21 June 2010
Global loss adjusting firm Cunningham Lindsey has expanded its reach in the resources sector, launching a new division specialising in major mining losses…
Axa SA puts British life on the table
21 June 2010
French insurer Axa SA is in talks with British entrepreneur Clive Cowdery to hammer out a £2.8 billion ($4.8 billion) deal that would see Axa exit the UK life insurance sector…
QBE buys Argentinian insurer
15 June 2010
US insurer CNA Financial Corporation has completed the sale of its Argentinean subsidiary to QBE’s rapidly growing Americas unit…
New Australia boss for Lloyd’s
15 June 2010
Lloyd’s has selected an internal candidate to replace Keith Stern as its manager in Australia…