Wednesday, September 20, 2017

Australia

IAG’s chief strategy officer set to exit

IAG’s chief strategy officer set to exit

Chief strategy officer Leona Murphy is reportedly leaving, just one month after CEO steps down.

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ANZIIF teams up with Thai Insurance Institute

ANZIIF teams up with Thai Insurance Institute

The Australian and New Zealand institute will provide training for insurers in Thailand.

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IAG drops China to focus on other Asian markets

IAG drops China to focus on other Asian markets

The Aussie insurer has decided to abandon its plan to further expand in China, according to a report.

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Nippon Life eyes NAB’s insurance unit

Nippon Life eyes NAB’s insurance unit

The Australian bank has put its insurance unit on sale due to tightened global regulations.

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IAG to go ahead with China expansion plan

IAG to go ahead with China expansion plan

Incoming CEO Peter Harmer has affirmed the group’s commitment to growing in Asia.

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Australian regulator cancels ACI Broking licences

Australian regulator cancels ACI Broking licences

ASIC cited concerns about breaches of a number of reporting, financial and other obligations.

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Indonesian regulator revokes licence of MAA General

Indonesian regulator revokes licence of MAA General

Its Indonesian operation licence has been revoked with effect from September 3 2015.

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Commercial premium declines likely to ease this year

Commercial premium declines likely to ease this year

Rates dropped globally during the second quarter of this year, led by Asia Pacific, according to Marsh.

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IAG seeks bigger China presence after profit drop

IAG seeks bigger China presence after profit drop

A 41% drop in full-year net profit has prompted a strategic review for the Australian insurer.

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QBE Insurance names new ANZ head

QBE Insurance names new ANZ head

Tim Plant succeeds Colin Fagen, who has been promoted as new group chief strategy officer.

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Cyber insurance now a priority for Australian firms

Cyber insurance now a priority for Australian firms

Country’s digital networks are experiencing an increase in cyber-attacks, according to the Australian Cyber Security Center.

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Aussie insurers seek to scrap “inefficient” taxes

Aussie insurers seek to scrap “inefficient” taxes

ICA CEO Rob Whelan urges government leaders to abolish the “inefficient” insurance taxes.

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Australia’s QBE sells N American unit for US$90m

Australia’s QBE sells N American unit for US$90m

The sale is expected to free up more than US$100 million in capital and reduce policy sales by about US$400m.

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Australia’s health insurer NIB buys World Nomads for US$95m

Australia’s health insurer NIB buys World Nomads for US$95m

Acquisition of the country’s third-largest travel insurance provider to be funded through surplus capital and debt.

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Australia’s insurance reform plan divides planners

Australia’s insurance reform plan divides planners

Some consider the reform challenging, others claim a very positive first step to restructuring the life industry.

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Australia’s Suncorp life head quits

Australia’s Suncorp life head quits

Geoff Summerhayes plans to step down this September to pursue other business opportunities.

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Insurance Asia Group names new deputy chair

Insurance Asia Group names new deputy chair

Virgin Australia Group’s chairman, Elizabeth Bryan appointed as deputy chairman.

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Insurance bought through financial advisers said to be cheaper

Insurance bought through financial advisers said to be cheaper

Report based on the analysis of more than 20 life insurance offers in Australia.

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