Profitability of recent years now in the past
17 November 2008
A slowing economy, a turnaround in the soft market for commercial lines, increasing pressure from claims inflation and the diminishing influence of reserve releases is…
Local
Brisbane storm ‘worst in years’
17 November 2008
A storm that battered south-east Queensland late yesterday is the worst to hit the area in 24 years, according a local loss adjuster...
NT Government quells premium hike fears
17 November 2008
NT’s Country Liberal Opposition is causing a stir by suggesting motor insurance premiums in the territory will skyrocket due to the financial crisis...
Perth risk manager takes RMIA presidency
17 November 2008
The Risk Management Institution of Australia has elected Brian Roylett as President...
Industry leaders uncertain over ANZIIF/CII merger
10 November 2008
Industry leaders will need some convincing before the merger of the major insurance training organisation with the London-based Chartered Insurance Institute gets their full support...
Privatisation closer as NZ Nationals win election
10 November 2008
NZ’s state-owned personal injury insurer is set to face private competition after voters tipped out the Labour Party government in Saturday’s election...
Red Sea piracy worries local marine insurers
10 November 2008
Increased levels of hijacking and piracy off the coast of Somalia are worrying marine insurers...
NIBA disputes dispute resolution cap
10 November 2008
NIBA has opposed the corporate regulator’s proposal to impose uniform dispute resolution services and raise the compensation limit by 280%...
Software provider puts Kiwis on UK nightshift
10 November 2008
UK insurance software house Transactor Global Solutions plans to open an office in Auckland so it can serve UK brokers 24 hours a day...
Super-institute: ANZIIF to merge with Britain’s CII
03 November 2008
The Australian and New Zealand Institute of Insurance and Finance has announced its plan to merge with the UK-based Chartered Insurance Institute ...
Market set to harden
03 November 2008
Industry heavyweights say Australian insurers are well placed to ride out the storm as the world economy deteriorates, with premium rates set to harden...
Economy a short-term problem, but climate change is here for good
03 November 2008
The financial crisis will take its toll on Australia but the insurance industry’s focus needs to be on climate change, according to the Head of Swiss Re Australia and NZ…
NZI makes it two in a row at IBANZ awards
03 November 2008
NZI has been named Insurer of the Year for the second year in a row at the Insurance Brokers Association of New Zealand awards...
AIG scare prompts insurance buyers to consider multiple carriers
03 November 2008
Major brokers in Australia agree the AIG crisis is prompting larger businesses to want more than one insurer involved when they place business...
Turnbull’s HIH nightmare near end?
03 November 2008
Parties involved in the HIH Insurance case involving Federal Opposition Leader Malcolm Turnbull appear to be close to settlement...
Harry Dickinson dead at 90
03 November 2008
Interruption Underwriting Agencies founder Harry Dickinson Snr died at the weekend. He was 90 years old...
Marsh chief sees premium rises on the way
27 October 2008
The local commercial insurance market is in for a “correction” in rates, but not on the scale of the premium rises of the 1990s, according to Marsh Pacific CEO David Bidmead...
NZ brokers ‘cautiously optimistic’ as recession hits
27 October 2008
New Zealand insurers are toughening up their underwriting and raising rates as the country slides into a recession...
ANZIIF careers initiative touts ‘sexy side’ of insurance
27 October 2008
The Australian and New Zealand Institute of Insurance and Finance has launched its largest ever career initiative to address the skills shortage and attract more talent…
No silver bullet solution to climate change: Zurich
27 October 2008
Insurers are reluctant to look at climate change as an opportunity rather than a risk, according to a new Zurich Australia report...