Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 281 - 290 of 311 results for "General Insurance"

APRA confirms Zurich investigation

... been investigating certain past and now unwound reinsurance transactions in Zurich Australia Limited's (ZAIL) general insurance business. APRA General Manager, Diversified Institutions Division, Mr Ramani SG Venkatramani, has been appointed as inspector ...

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 ...

S&P says places Mercantile Mutual on watch negative

... purchase ING's 50% share in the QBE Mercantile Mutual joint venture in Australia as well as ING's other Australian general insurance business. At the completion of the acquisition, expected to be on 30 June, 2004, which is now subject to regulatory consents ...

QBE buys out ING stake in QBE Mercantile Mutual JV for $740 mln

... agreed to purchase ING's 50% stake in the QBE Mercantile Mutual joint venture. The initial purchase price for the general insurance underwriting assets is $740 million with an additional $25 million payable in February 2007 subject to run off of pre-joint ...

Suncorp Metway interim profit up 81%

AAP  |  FRIDAY, 27 FEB 2004
... increase in interim net profit to $281 million. Suncorp Metway said each of its lines of business - banking, general insurance and wealth management had exceeded initial management forecasts. This highlighted the progress of the groups diversified financial ...

AssetInsure granted APRA licence

AAP  |  MONDAY, 23 FEB 2004
... ex-New South Wales premier and former federal finance minister John Fahey. AssetInsure Pty Ltd was granted a general insurance licence by the Australian Prudential Regulation Authority (APRA) on Friday. The company said it would position itself as a ...

Suncorp welcomes credit ratings upgrade from S&P

AAP  |  FRIDAY, 12 DEC 2003
... transition by Suncorp over recent years toward a more robust capital position and a stronger and more diversified general insurance franchise, together with a good performance in profitability, supported an A rating. It also reflected an improved stand-alone ...

Promina listing leads to subsidiary name change, Vero

... financial services part of the business Asteron in July, the Promina Group has announced that Royal & SunAlliance General Insurance has also undergone a name change, to Vero Insurance Ltd. The group also announced that Vero had also transitioned successfully ...

APRA proposes tougher requirements for general insurers

... Authority (APRA). The new measures, included in a discussion paper on a proposed second round of reforms for the general insurance industry, follow the identification of differences among insurers in meeting APRA's prudential standards. The first round ...

Zurich receives last of eight AFS licenses

... (ASIC). The licences cover ZSFA businesses across managed investments, superannuation, life risk insurance, general insurance and investment advice markets, and will generally come into effect on 31 January 2004. The deadline set by the government is ...