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Showing 211 - 220 of 220 results for "Reinsurance"

APRA confirms Zurich investigation

... Prudential Regulation Authority (APRA) today confirmed that it has been investigating certain past and now unwound reinsurance transactions in Zurich Australia Limited's (ZAIL) general insurance business. APRA General Manager, Diversified Institutions ...

Reinsurance Australia to apply for general insurance licence H2

AAP  |  MONDAY, 31 MAY 2004
Reinsurance Australia Corporation (Re AC) will apply for a new general insurance licence in the second half of 2004, chairman Richard Hill told shareholders today. Re AC, which has been in run-off mode and not writing new policies for more than three ...

HIH liquidators to acquire almost $300 million from reinsurers

AAP  |  THURSDAY, 19 FEB 2004
The liquidators of HIH today acquired about $300 million from a company involved in reinsurance deals with the collapsed group. NSW Supreme Court Justice Reginald Barrett today ruled that Hannover Reinsurance repay to the HIH liquidators an amount in ...

AMP releases demerger plan

AAP  |  FRIDAY, 17 OCT 2003
... the split is complete, AMP will contain AMP Financial Services (AFS), AMP Capital Investors and the Cobalt/Gordian reinsurance business, which could yet be sold off, as well as a 15 per cent stake in HHG. Mr Mohl said as well as the pro-forma profit ...

ANZ launches proceedings over NHB insurance recovery

... authorised general insurer restricted to insuring the interests of ANZ and its subsidiaries. ANZcover in turn purchases reinsurance from global reinsurers, primarily in the London reinsurance market. ANZ said the insurance claim arose from circumstances ...

AMP shares placed in trading halt in NZ

AAP  |  FRIDAY, 10 OCT 2003
... insurer Swiss Re had emerged as a frontrunner to purchase AMP's $A600 million ($NZ700 million) Cobalt/Gordian global reinsurance book. That raised hopes that AMP's planned $A10 billion demerger would proceed, reducing the amount of capital that the troubled ...

AMP shares up on hopes of reinsurance sale

AAP  |  WEDNESDAY, 8 OCT 2003
... Ltd rose by more than one per cent in early trade today amid reports that it could be close to selling its global reinsurance business for $600 million. AMP's shares were eight cents or 1.21 per cent higher at $6.70 by 1057 AEST. Analysts said if speculation ...

S&P places BBB-plus ratings on Deutsche MTN program

WITH AAP  |  TUESDAY, 29 JUL 2003
... Swiss Re Australia Ltd to AA from AA-plus, following similar ratings action on Zurich-based global reinsurer Swiss Reinsurance Co and related core subsidiaries of the Swiss Re group. The outlook has been revised to stable from negative. "The downgrade ...

Three charged over FAI reinsurance arrangements

Three former FAI executives appeared in a Sydney court this morning, charged over alleged offences relating to reinsurance arrangements entered into with general Cologne Re Australia Limited in 1998. Fronting the Downing Centre District Court, Timothy ...

S&P raises ratings on Promina subsidiaries

... product diversity, and well-recognised franchise, which are supported by a strong capital structure and supportive reinsurance arrangements," S&P credit analyst Michael Vine said. "The Promina listing is viewed as successful, raising approximately $1.7 ...