Country: Australia Page 87 / 87
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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 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 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 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.
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- April 16 2015
Annuity recommendations getting popular among Australian planners
Annuities had continued to increase over the last three years in response to client concerns such as longevity risk.
