IBNA loses another member to Austbrokers
28 February 2006
Succession planning has led former IBNA member Premier Auspac Insurance Brokers to sell 80% of the business to insurance cluster rival Austbrokers…
Corporate
Axa Asia Pacific acquires Asian life insurers
28 February 2006
Axa Asia Pacific has agreed to purchase MLC Hong Kong and MLC Indonesia from National Australia Bank for $575 million…
Promina adopts a different strategy
21 February 2006
Promina has entered into an innovative joint venture to market life insurance direct to the customer in New Zealand…
Wesfarmers insurance stable
21 February 2006
Strong competition pushed the insurance earnings of Perth-based conglomerate Wesfarmers down slightly over the first half of 2005/06…
Coface launches down under
21 February 2006
French credit insurer Coface has expanded its global underwriting network by formally launching its Australian operation in Sydney…
Zurich is top life risk provider
21 February 2006
A major survey of life risk advisers in the Australian market has ranked Zurich Australia as the top life risk provider…
IAG is China’s big spender
14 February 2006
IAG is continuing on its Asian acquisition splurge, signing a deal with Shanghai-based China Pacific Property Insurance which sets out the key terms of proposed investment…
Tower chief retires
14 February 2006
Tower Chairman Olaf O’Duill has announced he will retire by June 30…
Aon acquires Freeman McMurrick
14 February 2006
International broker Aon has acquired Melbourne-based brokerage Freeman McMurrick…
Tower Australia grooms itself for takeovers
07 February 2006
Is life insurer Tower Australia setting itself up for takeover by its larger Australian competitors..?
Jackson stays as journos hunt IAG heads
07 February 2006
Following the NSW Parliamentary StaySafe Committee’s publication of a highly critical report on IAG’s latest smash repairer system, the media has been having a good time speculating…
A new face in Australian underwriting
07 February 2006
New underwriting agency London Australia Underwriting has opened its doors for business in Sydney, specialising in professional indemnity, directors’ and officers’…
Nautilus moves west
07 February 2006
Newly founded private pleasurecraft insurance agency Nautilus has expanded its reach, opening an office in WA yesterday…
QBE expands its Asian presence
31 January 2006
In keeping with its plans to expand its Asian operations, QBE has purchased Allianz General Insurance (Vietnam) to boost its presence in the Vietnamese market…
IAG in Asian flurry
31 January 2006
The increasingly heated race to acquire Asian businesses hasn’t been limited to QBE, with IAG making some bold steps into the neighbourhood…
Austbrokers integrates Sydney businesses
31 January 2006
Three Sydney Austbrokers’ businesses have been brought together to operate under one licence and share resources…
Dexta acquires four Aon businesses
31 January 2006
Major underwriting agency Dexta Corporation has become Australia’s largest independent insurance agency with premium income of almost $200 million a year after acquiring…
Tower acquires PrefSure
31 January 2006
Tower Australia has agreed to acquire PrefSure Holdings and Life Limited from South African insurance group Liberty for $145 million…
Australian Unity ponders next move
31 January 2006
Australian Unity has distributed a report to its members on the merits of remaining as a mutual or de-mutualising…
IAG continues Asian expansion
13 December 2005
It’s no industry secret that IAG wants to boost its Asian acquisition portfolio, and yesterday the group announced it had taken a step towards achieving its goal by agreeing to acquire…