Axa APH back on track
22 February 2010
Axa Asia Pacific Holdings has posted a near billion-dollar profit turnaround, buoyed by strong investment returns and improved performance from its southeast Asian…
Corporate
Lumley gives Nautilus notice
22 February 2010
Lumley is backing out of underwriting pleasurecraft, charter and commercial insurance for Nautilus Marine, giving the company 12 months’ notice of its intention to quit…
Catlin opens Melbourne office
22 February 2010
Specialist underwriter Catlin Australia aims to capitalise on strong local growth by expanding out of its Sydney base and opening an office in Melbourne…
Transit insurance a Kiwi first
22 February 2010
The launch of a new marine transit policy by Associated Marine in New Zealand is being described as a “first”…
Suncorp forecast brightens
15 February 2010
Suncorp first-half net profit is set to increase by up to 45% after rising investment income and benign weather helped propel higher returns from general insurance…
Stellar six months for CommInsure
15 February 2010
Commonwealth Bank of Australia’s insurance division has ridden a wave of profitability in the first half of the 2010 financial year…
Zurich names new CFO
15 February 2010
Zurich Financial Services Australia has announced two changes to its top-level executive team…
Zurich result mirrors global parent
08 February 2010
Zurich Financial Services Australia has mirrored its global parent in recording solid growth among its life insurance and investment portfolios, according to CEO David Smith…
IAG forecasts improved profit margin
08 February 2010
IAG has signalled an improved first-half performance with forecast insurance profit of $488 million, more than double the amount it earned in the same period last year…
Calliden outlines ‘disappointing’ result
08 February 2010
Calliden Group has forecast a “disappointing” full-year result which at best is expected to see the insurer break even…
Claims bite into Chubb’s local bottom line
08 February 2010
Large property losses sustained in Victoria’s Black Saturday bushfires cut into the bottom line for Chubb’s Australian operations last year, in contrast to a benign natural catastrophe…
VRS appoints Australian partner
08 February 2010
Global loss adjuster VRS has chosen Australian Network Adjusters to run its new local operation…
Calliden channels strata business through QUS
08 February 2010
Calliden Group has announced the transfer of all commercial strata business to partly owned Queensland Underwriting Solutions…
Zurich appoints new general insurance boss
01 February 2010
Zurich Financial Services Australia has appointed former AIG executive Shane Doyle as GM General Insurance…
Lumley thinks big with new business unit
01 February 2010
Lumley CEO Vivek Bhatia continues to shake the company up with the formation of a new business unit called Corporate Solutions…
Lloyd’s syndicate arches into Australia
01 February 2010
Arch Underwriting at Lloyd’s (Australia), which was launched in Sydney in December, will focus initially on commercial property…
Lloyd’s settles with Names caught in HIH net
01 February 2010
Lloyd’s of London has confirmed that Names who lost money on the syndicates exposed to failed Australian insurer HIH have voted to accept its compensation offer…
Aon service to tackle social media risk
01 February 2010
Aon Australia has announced a new service to help clients manage corporate risk associated with social media such as Facebook and YouTube…
NAB gets local nod for surprise Axa bid
17 December 2009
National Australia Bank has gazumped AMP and Axa SA with a $4.61 billion bid for the Axa Asia Pacific Holdings Australian and New Zealand businesses…
AMP, Axa make a ‘final’ takeover bid
14 December 2009
AMP and Axa SA today lifted their bid for Axa Asia Pacific Holdings by 16%, adding another 54 cents a share to the cash component of the takeover offer…