Australia News

WTO Head Says Trade Deal Still Possible by Year-End

A new global trade deal is still possible by the end of this year despite last month’s collapse of talks, said Pascal Lamy, the World Trade Organization’s director general on Tuesday. Talks on a pact ended in July after the …

Investigators Focus on Oxygen Tank as Cause of Qantas Explosion

Australian investigators were focusing on the possibility that an oxygen cylinder could have exploded in mid-flight on the Qantas jumbo jet that made an emergency landing in the Philippines with a giant hole in its fuselage, officials said Sunday. Australia’s …

Best to Sponsor Australia, New Zealand Insurance Industry Awards

A.M. Best Co. announced that it will participate as a major sponsor of the Australia and New Zealand Insurance Industry Awards. Best said: “The awards, hosted by the Australia and New Zealand Institute of Insurance and Finance, will honor the …

Royal Bank of Scotland May Not Sell Auto Insurance Unit After All

Royal Bank of Scotland looks increasingly likely to shelve plans to sell its insurance arm and turn instead to other smaller deals to top up its capital. RBS announced plans to sell Britain’s largest car insurer in April. But the …

Chessher Appointed CFO at Aon Limited and ARS UK

Aon has named Mark Chessher to the position of chief financial officer of Aon Limited and ARS (UK). Chessher will join the company later in the year, subject to FSA approval, and will sit on the Aon Limited board. He …

FINEOS Claims ® selected by the Lifetime Care & Support Authority (LTCSA) of New South Wales

– FINEOS to deliver automated claims management solution for catastrophic personal injuries – Dublin, Ireland, July 14, 2008 – FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, bancassurance, and government, has been selected by the Lifetime …

When In Rome, Do As the Romans

Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …

When In Rome, Do As the Romans

Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …

S&P: Affirms QBE’s Ratings; Praetorian Upgraded to Core Status

Standard & Poor’s Ratings Services has affirmed its insurer financial strength and counterparty credit ratings on holding company QBE Insurance Group Ltd. (currently rated ‘A-‘) and QBE’s core operating entities (all rated A+). The rating outlooks on the holding company …

Texas Appeals Panel Affirms Wind Pool’s Right to Day in Court

Comparing the Texas Windstorm Insurance Association to a platypus — a creature native to Australia that appears to be a cross between a duck and a beaver — a Texas appeals court said it’s not always clear what Texas’ insurer …