Country: Pacific Page 121 / 123
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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.
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- October 20 2015
ANZIIF teams up with Thai Insurance Institute
The Australian and New Zealand institute will provide training for insurers in Thailand.
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- October 16 2015
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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- October 15 2015
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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- October 9 2015
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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- 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.
