All the headlines from our Australia Topic Page, ordered by recency.
Jun 2 2006 // Benfield Corporate Risk, the corporate insurance and risk intermediary catering for the risk management and transfer needs of the corporate sector worldwide, announced the opening of its first office in Australia.Bypassing...
May 31 2006 // Allianz Australia Insurance Group has taken an equity position in Global Transport & Automotive Insurance Solutions (GT), formerly Global Motor Underwriting, to “provide a market leading facility to service...
May 26 2006 // A report compiled by the Australian government’s Department of the Environment and Heritage – Australian Greenhouse Office, concludes: “Evidence that the Earth is warming has become much stronger since...
May 19 2006 // Standard & Poor’s Ratings Services announced that it has raised its insurer financial strength and counterparty credit ratings on Allianz Australia Insurance Ltd. to “A+” from “A” and it...
Apr 25 2006 // CSR Limited, a large Australian building products manufacturer, has reached a settlement of asbestos litigation with a group of 48 Australian, United Kingdom and European insurers. Under the terms of the settlement each of...
Apr 17 2006 // Tower Group, CastlePointTower Group, Inc. in New York has entered into a strategic relationship with CastlePoint Holdings, Ltd., a Bermuda-based holding company that it has sponsored. CastlePoint has been capitalized with...
Apr 13 2006 // Fitch Ratings has affirmed the ‘AA-‘ (AA minus) Insurer Financial Strength ratings of Insurance Australia Group Limited’s main underwriting subsidiaries, Insurance Australia Limited and IAG New Zealand...
Apr 4 2006 // Columbus, Ohio-based Assurex Global has added new partners in Australia, Switzerland and Austria. OAMPS Insurance Brokers, Ltd. in Australia; GWP Insurance Brokers in Switzerland; and Assurance Partners Versicherungsmakler...
Mar 28 2006 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AA-‘ long-term counterparty credit rating to Insurance Australia Group Ltd., with a stable outlook.“The rating reflects...
Mar 24 2006 // Crawford & Company announced that its Australia operation has activated its catastrophe plan in the wake of Cyclone Larry, the category five cyclone that struck Australia on Monday morning (See IJ Website March...
Mar 20 2006 // Tropical Cyclone Larry hit Northern Australia as a category 5 storm with winds of up to 290 kph (175 mph) the most powerful in memory. Larry came ashore near the town of Innisfail in the State of Queensland, about 100 kms...
Mar 17 2006 // Guy Carpenter & Company Inc., the leading global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, announced the appointment of Ray Carless as Executive Chairman of its Australia, New...
Jan 16 2006 // Standard & Poor’s Ratings Services has issued a report which notes: “Rating actions picked up noticeably in Australia and New Zealand in 2005, as merger and acquisition (M&A) activity intensified and...
Jan 12 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of the following subsidiaries of Australian insurer QBE: QBE...
Jan 9 2006 // The Bank for Investment and Development of Vietnam (BIDV) has reportedly agreed to purchase all the stock held by Australia’s QBE Insurance Group in their joint-venture insurance company.As reported by Asia Pulse on...
Jan 3 2006 // A series of bushfires during the hot Australian summer – temperatures well above C40°(F102°) – have destroyed more than a dozen homes north of Sydney, and are threatening hundreds more. The BBC reported that...
Nov 30 2005 // In line with its announcement on ACE Ltd. (See above article), Standard & Poor’s Ratings Services announced that it has also revised its outlook to stable from negative on its “A” counterparty credit...
Nov 1 2005 // Arthur J. Gallagher & Co. announced the acquisition of InterPacific Underwriting Agencies Pty Ltd of Sydney, Australia. Terms of the transaction were not disclosed. Founded in 1997, InterPacific Underwriting Agencies...
Oct 11 2005 // With costs for energy rising, there may be renewed interest in shipping by more by rail and less by truck when considered economically viable, according to a new report by the Inland Marine Underwriters Association (IMUA)...
Sep 6 2005 // Standard & Poor’s Ratings Services has issued a statement indicating that “credit quality among the nonlife insurance players in Australia should remain strong over the next couple of years, supported by...