Australia News

FBI: Internet Crimes Range from Auction Fraud to Murder Threats

When it comes to crime, the Internet is like a Swiss Army knife—a multi-purpose tool that’s easy to use and highly versatile. That’s made clear, says the FBI, by the 2006 annual report just issued by its Internet Crime Complaint …

Google’s Advertising Head to Address Insurance Marketing Event

New meeting format features an opening day keynote address and workshop, and specialty workshop tracks in advertising, public relations, creative/marketing and technology Jon Kaplan, head of financial services, advertising, for Google, Inc. and Roger Dawson, a nationally recognized speaker, negotiator …

22 Die, 118 Survive Java Air Crash

118 people miraculously escaped the flaming wreck of a Garuda Airlines Boeing 737-400, which slid off the runway at Yogyakarta airport in Java while landing. 22 people, however, died in the crash. According to news reports, survivors said the plane …

Building Materials Firm Sued Over Australian Asbestos Compensation Plan

Australia’s corporate regulator has launched a civil suit against building materials giant James Hardie Industries NV for allegedly misleading investors about the cost of compensating victims of its asbestos products. James Hardie agreed this month to pay 4 billion Australian …

Benfield Names Lazarus to Head Australia Facultative Solutions

Benfield, the independent reinsurance and risk intermediary, announced the appointment of Michael Lazarus as Head of the Group’s Facultative Solutions team for Australia, New Zealand and South Africa. He will be based in Sydney and will be part of Benfield’s …

People and Places

William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of MetLife Auto & Home, and has been with the …

People

William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of MetLife Auto & Home, and has been with the …

Eckert to Retire as Zurich COO

Zurich Financial Services Group announced that “after more than 25 years of dedicated service to Zurich, its employees, its shareholders and its customers, Peter Eckert will be retiring effective February 28, 2007.” CEO James J. Schiro commented: “Peter served as …

QBE Acquires Cumbre Seguros

QBE the Americas, the North American subsidiary of Australia’s QBE Group, announced that it has acquired 100 percent of Cumbre Seguros, a specialized insurer in Mexico from a group of private investors. The transaction, which is subject to regulatory approval, …

Best Affirms QBE Ratings; Off Review

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” and all debt ratings of Australia’s QBE Insurance Group Limited, and the financial strength ratings (FSR) of “A” (Excellent) and the ICRs of “a+” of UK-based QBE Insurance …