Country: Australasia Page 120 / 121
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- July 17 2015
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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- July 9 2015
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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- July 7 2015
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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- July 1 2015
Australia’s Suncorp life head quits
Geoff Summerhayes plans to step down this September to pursue other business opportunities.
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- June 29 2015
Insurance Asia Group names new deputy chair
Virgin Australia Group's chairman, Elizabeth Bryan appointed as deputy chairman.
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- June 24 2015
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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- June 19 2015
Chubb Insurance names new Australia CEO
Veteran, Matthew Doquile takes on new role from 1 July,
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- June 17 2015
Warren Buffett buys US$388m stake in IAG
IAG to sell a 3.7% stake to Berkshire Hathaway Inc. in a 10-year strategic partnership.
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- June 11 2015
Greenstone delays US$900m Australia IPO plan
Life Insurance distributor unwilling to accept a cut in valuation, according to reports.
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- June 10 2015
Sovereign offers free insurance in New Zealand through Facebook
Innovative Facebook campaign to offer free life insurance for six months.
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- June 4 2015
Nippon Life said to acquire National Australia Bank’s life insurance unit
Analysts value the life insurance business at up to US$1.4bn.
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- June 3 2015
Thailand’s life insurance industry captures attention of investors
Several global institutional investors interested in meeting insurance management teams for possible investment.
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- June 2 2015
Australia’s April and May storm claims hit US$1.55bn
Over US$3.45bn worth of claims related to catastrophes handled since November 2014.
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- May 25 2015
Greenstone targets US$984m in Australia IPO
Australian life Insurance distributor plans a 16 June listing.
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- May 21 2015
Majority of Australians regard insurance purchase as investment
Findings from a survey commissioned by Australian insurer Budget Direct.
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- May 11 2015
NZ Insurance and superannuation job opportunities up 40%
Insurers are now focusing on employing people with diverse skills and experience following Canterbury earthquake.
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- May 9 2015
Australia’s Honan Insurance acquires Singapore’s MACS
General Insurance and Employee Benefits broker in South East Asia acquired for an undisclosed amount.
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- May 6 2015
Job cuts loom after Allianz Australia takes over TIO
The sale of TIO’s insurance arm to Allianz was approved by the Australian parliament.
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- April 27 2015
Berkshire Hathaway names Australasia insurance head
Chris Colahan joins BHSI from RSA Insurance Group.
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- April 23 2015
Compensation scheme for poor financial advice gets support in Australia
Draft legislation will provide compensation for customers found to be financially damaged by poor advice.
