Country: Australia Page 97 / 98
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- October 1 2015
Australian regulator cancels ACI Broking licences
ASIC cited concerns about breaches of a number of reporting, financial and other obligations.
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- September 16 2015
Indonesian regulator revokes licence of MAA General
Its Indonesian operation licence has been revoked with effect from September 3 2015.
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- August 28 2015
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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- August 24 2015
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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- July 29 2015
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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- July 27 2015
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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- July 23 2015
Aussie insurers seek to scrap “inefficient” taxes
ICA CEO Rob Whelan urges government leaders to abolish the "inefficient" insurance taxes.
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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 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.
