All the headlines from our Australia Topic Page, ordered by recency.
Feb 21 2005 // Insurance Australia Group (IAG), the country’s largest automobile and home insurer, is reportedly planning to buy a 25 stake in China Pacific Insurance Co.’s property unit. A report from Bloomberg.com said that...
Jan 24 2005 // Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many...
Dec 29 2004 // Standard & Poor’s Ratings Services has issued a bulletin stating that it does not expect Australian general insurers to be materially affected by the cost of insurance claims arising from the Indian Ocean...
Dec 23 2004 // As more details emerge from Britain’s biggest bank robbery, it’s become clear that the Northern Bank in Belfast, Northern Ireland, which is owned by The National Australia Bank, had no insurance coverage.A...
Dec 22 2004 // Although asbestos was used in such disparate products as building insulation and brake linings, in its raw form it came out the ground, and nobody in Australia mined and processed more of it than the James Hardie group....
Dec 14 2004 // The credit outlook on Australia’s nonlife insurance industry will remain stable in 2005, despite moderation in earnings, according to Standard & Poor’s Ratings Services latest industry report card on...
Dec 14 2004 // Standard & Poor’s Ratings Services announced that on Jan. 1, 2005, it will withdraw its “A”‘ insurer financial strength and counterparty credit ratings on Swiss Re Australia Ltd., a subsidiary...
Dec 10 2004 // The actuarial profession in several countries is developing new rules and standards to affirm its integrity and competence to the public, said international representatives at the Casualty Actuarial Society (CAS) annual...
Dec 3 2004 // Arthur J. Gallagher & Co. announced the acquisition of FPE Insurance Brokers Pty Ltd. of Sydney, Australia. The terms of the transaction were not disclosed. “First organized in 1993, FPE Insurance Brokers Pty...
Dec 1 2004 // Dublin-based FINEOS Corporation, a leading provider of banking and insurance software, announced that CommInsure, the insurance arm of the Commonwealth Bank of Australia Ltd., is to deploy FINEOS Front Office to support...
Nov 22 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” issue rating to the A$500 million (U.S. $392 million) issue of Reset Exchangeable Securities (RES) by the New Zealand branch...
Nov 18 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of ACE Insurance Limited (ACEAU) (Australia) with a stable outlook.“The rating reflects ACEAU’s strong...
Sep 21 2004 // A.M. Best Co. announced that it has assigned an issuer credit rating (ICR) of “bbb+” to Australia’s QBE Insurance Group Limited, the non-operating holding company of the QBE group of companies.Best also...
Aug 26 2004 // The Defense Research Institute, which groups some 22,000 defense lawyers, announced two upcoming conferences in Australia focused on the threat “frivolous lawsuits” may pose outside the U.S.The DRI noted that...
Aug 9 2004 // Australia may not be known in the United States as a hotbed for golf, but the country has not had a shortage of talented players over the years.One such person from Down Under who has made a name for herself on the links...
Jul 1 2004 // Standard & Poor’s Ratings Services announced that it has lowered its insurer financial strength and counterparty ratings on Australian insurer Mercantile Mutual Insurance Ltd. (MMIA) “A+” from...
Jun 11 2004 // Financial Guaranty Insurance Co. announced that Robert Velins has joined the company as Managing Director, International Finance, effective June 1. He is based in London and has primary responsibility for FGIC’s...
Jun 11 2004 // A report from the Australian Broadcasting Corp. notes that The New South Wales Farmers Association has backed a proposal for council rate notices [property taxes] to carry a compulsory fire insurance levy. The article...
Jun 3 2004 // Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Allianz Australia Insurance Ltd. (Allianz Australia) and its associated company, Allianz New Zealand Ltd., to positive from...
May 25 2004 // North Carolina-based MJM Investigations, an international private investigation firm providing innovative investigative solutions to the insurance industry, announced a new strategic partnership with Milne and Associates,...