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Showing 281 - 290 of 309 results for "General Insurance"

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 ...

Wesfarmers acquires Lumley for $320 million

... Zealand operations for approximately $320 million, plus the assumption of external debt of some $55 million. The general insurance operations of Lumley Australia and Lumley New Zeland and associated finance activities, plus Lumley Technology, join Wesfarmers ...

Suncorp announces executive change of guard in its general insurance business

Suncorp has announced that John Trowbridge, Group Executive of General Insurance, had decided to retire and that Diana Eilert would take up his role. "John joined the Suncorp from a long and distinguished career in insurance consulting," said John Mulcahy ...