Insurance Business News
NAB team fly to Paris for AXA talks
Saturday February 6, 2010
FACE-TO-FACE talks will begin between National Australia Bank and AXA SA of France this weekend in an effort to seal a $14.2 billion friendly takeover of AXA Asia-Pacific and finally see off AMP's ambitions to acquire the Australian fund manager.Bank bid to seal $14bn AXA deal
Saturday February 6, 2010
TALKS will begin between National Australia Bank and AXA SA of France this weekend in an attempt to complete a $14.2 billion friendly takeover of AXA Asia-Pacific and finally end AMP's ambitions to acquire the Australian fund manager.NAB triggers closer watch from ACCC
Friday December 18, 2009
AXA is the first big scalp in a looming climate of potential takeovers, writes Adele Ferguson.Insurer plans global shopping trip
Friday August 21, 2009
QBE is considering a range of other acquisitions after missing out on buying Europe's Fortis Insurance, whose parent group fell victim to the global financial crisis.QBE measures up fresh prey on rebound from one that got away
Friday August 21, 2009
THE insurance giant QBE will look at a great number of acquisitions in coming months after it missed out on a sizeable European company, Fortis Insurance, whose parent group fell victim to the financial crisis, it emerged yesterday.QBE still on acquisition trail
Monday August 3, 2009
THE global insurer QBE has Australia firmly in its sights for a major acquisition to counter the dominance of IAG, Suncorp and Allianz in the domestic market.Suncorp pins hopes on Snowball effect
Thursday July 2, 2009
SUNCORP-METWAY has recruited a top British insurer as its chief executive, an appointment expected to pave the way for the Brisbane-based financial services company's exit from banking.$2bn Pasha Storm
Monday June 2, 2008
THE full cost of last year's devastating Pasha Storm has surged past $2 billion with a new report showing the extent of under-insurance, business revenue losses and flood-related job losses.Toll From Tempest Surges Over $2bn
Monday June 2, 2008
THE full cost of last year's devastating Pasha storm has almost certainly passed the $2 billion mark with a new report showing the extent of under-insurance, business revenue losses and flood-related job losses.Cba Motoring On
Tuesday November 20, 2007
COMMONWEALTH Bank has entered the highly competitive motor insurance business, part of a sustained attack by major banks leading domestic and international insurers.Suncorp Loses First Executive Post-merger
Thursday October 18, 2007
THE newly merged Suncorp-Promina group has lost its first senior executive from its dominant insurance business following the $7.9 billion marriage earlier this year.
Michael Kay, who was appointed chief executive of the motor insurer AAMI a year ago under the old Promina management, has resigned after the company said the two sides were unable to agree to a new contract on terms laid out by Suncorp.Qbe Takes A Stake In Indian Insurance
Saturday July 21, 2007
GLOBAL insurer QBE has gained its first foothold in the potentially lucrative Indian insurance market, which could eventually provide the group with its largest operating region outside of the US.Tower Ups Interest In Medical Insurance
Wednesday May 30, 2007
RECENTLY listed life insurer Tower Australia has increased its exposure to the potentially lucrative private health insurance market as the industry prepares for what may well be a flood of floats in the sector.Gio Takes Shine Off Suncorp-metway
Wednesday February 21, 2007
SUNCORP-METWAY will come under increasing pressure from investors to install the management of merger partner Promina to run its combined general insurance business after disclosing its GIO subsidiary has lost NSW market share to rivals AAMI and NRMA.Pressure On Suncorp Over Gio
Wednesday February 21, 2007
SUNCORP-METWAY will come under increasing pressure from investors to install the management of its merger partner, Promina, to run its combined general insurance business, after disclosing that its GIO subsidiary has lost market share in NSW to rivals AAMI and NRMA.