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Superannuation

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.

Adelaide Bank launches $800 mln Lo Doc securitisation issue

AAP  |  MONDAY, 31 MAY 2004
Adelaide Bank today announced the launch of its inaugural 100% Lo Doc residential mortgage lending securitisation transaction, its ninth domestic issue under the TORRENS program.

Valad acquires ICA Property Group

Valad Property Group on Thursday announced its acquisition of Sydney property management fund managers ICA Property Group (ICA) for $28 million and an additional $7 million of co-investments in funds.

AMP property trust acquires Wellington buildings

Two of Wellington's best known office buildings have been bought by an AMP commercial property trust in a $146 million deal

Fitch ups News Corp rating to BBB from BBB-minus

AAP  |  FRIDAY, 28 MAY 2004
Fitch Ratings upgraded the senior unsecured debt rating for News Corp and its wholly-owned subsidiaries, News America Incorporated ("NAI") and News Corporation Finance Trust II ("Trust") to 'BBB' from 'BBB-minus'.

Burswood directors reject PBL takeover offer

AAP  |  THURSDAY, 27 MAY 2004
Perth casino operator Burswood said today that the directors recommend rejecting the $1.40 per share takeover offer from Publishing and Broadcasting.

Tab placed in a trading halt pending announcement

AAP  |  THURSDAY, 27 MAY 2004
Tab said today that its shares have been placed in a trading halt pending the release of a company announcement.

FPA 2004 Annual Convention draws a crowd

The Financial Planning Association (FPA) said six months ahead of its 2004 annual convention and expo more than half the exhibition space and two thirds of budget had been secured.

Principal America trades high on takeover speculation

AAP  |  THURSDAY, 27 MAY 2004
Takeover speculation in a consolidating industry was the most likely driver of a surge in investor interest in Property trust Principal America Office Trust, analysts said on Wednesday.

KPMG Australia separates its corporate recovery team

AAP  |  WEDNESDAY, 26 MAY 2004
KPMG Australia's corporate recovery team is heading out on its own to form an independent insolvency firm.