Country: Australasia Page 131 / 133
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- October 5 2016
NAB completes sale of life unit to Nippon Life
After completing the sale of 80% of the unit, the Aussie bank expects a loss of up to A$1.3b on the deal.
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- October 3 2016
Chubb makes appointments in its P&C business
Michael Frazer has been appointed as the new regional head of property, replacing Jason Keen.
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- September 19 2016
XL Catlin set to acquire Brooklyn IT
Brooklyn is a market-leading underwriting agency in Australia and a Lloyd's approved coverholder, serving brokers across the country.
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- June 20 2016
ANZ likely to sell insurance business
The sale is a response to regulatory challenges following the global financial crisis.
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- April 5 2016
Chinese investors’ interest in Australian insurers grows
M&A activity involving Chinese firms and Australian insurers is expected to rise this year, according to global law firm Clyde & Co.
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- April 5 2016
Australia’s Honan enters Malaysia
The Australian owned and operated broking company has entered a strategic relationship with local broker Hayat.
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- March 14 2016
Gen Re exits Hong Kong, Melbourne
The Berkshire subsidiary is also shutting offices in Latvia and the US as part of a global reorganisation.
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- March 7 2016
Zurich Australia buys Macquarie’s life business
The Swiss insurer has paid a still undisclosed amount for the acquisition, which is due to close in the second half.
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- January 19 2016
Zurich names general insurance CEO for Australia and NZ
Rajbir Nanra, who is currently interim CEO for the business, will take over the role full time.
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- January 5 2016
IAG secures US$7bn reinsurance cover for 2016
The new programme provides protection for most parts of Asia, as well as Australia and New Zealand.
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- December 22 2015
Australia’s financial, insurance sector spends US$2.2bn to fight fraud
Sophisticated cybercrime seen as one of the biggest threats to the country
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- November 26 2015
Chinese investment in insurance industry set to continue
The sustained influx of Chinese capital is triggering competition among insurers around the world.
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- November 24 2015
Qantas enters Australia’s life insurance market
The Aussie airline is launching its own branded health insurance products in partnership with nib.
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- November 24 2015
NAB Nippon Life aims to lead Australia’s life market
The joint venture company is aiming to become the largest writer of life insurance premiums Down Under.
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- November 19 2015
Australia’s private health insurers face tough times
Data from the Australian Prudential Regulation Authority shows slowest growth since March 2007.
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- November 18 2015
XL Catlin strengthens Aussie crisis management
Shelley Devane joins as head of crisis management for Australia from AIG.
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- November 10 2015
Aussie government alarmed by falling insurance coverage
Many Australian consumers say they are not getting value for money from their policies.
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- November 2 2015
Talbot establishes crisis management unit in Australia
Steve Ward and Hamish McKay have been tasked to drive growth in specialty lines in the country.
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- October 28 2015
Nippon Life seals US$1.65bn deal for NAB’s life unit
The bank will unveil details of the acquisition during its full-year profits announcement on Wednesday.
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- October 27 2015
IAG’s chief strategy officer set to exit
Chief strategy officer Leona Murphy is reportedly leaving, just one month after CEO steps down.
