Zurich Financial Services plans “a substantial expansion of its financial services capabilities in Australia and New Zealand.” In conjunction with two local companies, the Anglo-Suisse giant plans to significantly increase the size and scope of its operations with the opening …
After fighting hard to acquire it, AMP, Australia’s largest life insurer and fund manager, may be seeking to divest itself of GIO, the distressed property casualty insurer it took control of in 1998 at a cost of nearly A$3 billion …
Irvine, Calif.-based Autobytel.com Inc. announced it had formed partnerships with EyeVelocity, Source One Marketing, and automotive aftermarket accessory manufacturers LoJack, Katzkin Leather Inc., Saddleman and Steel Horse, to visually integrate the selection of aftermarket products into Autobytel.com’s consumer car-buying process. …
In a move calculated to streamline its operations in Australia and new Zealand, France’s AXA announced that it was combining the asset fund management operations of AXA Asia Pacific, in which it holds a 51 percent stake, with the Australian …
François: Well, we’ve finally turned the corner this year. Premium rates are on the upswing—about time too, we couldn’t survive another 1999. Mike: C’mon François, you said the same thing last year and the year before that. Of course you …
The St. Paul International Insurance Co., a subsidiary of The St. Paul Companies, announced that it had completed the purchase of Australia Pacific Professional Indemnity Insurance Co.,Ltd.(APPIIL), enlarging the company’s professional liability program. The purchase increases the number of lawyers …
Ferrari’s Michael Schumacher may have just won the first U.S. Formula 1 race to be held in 9 years, but that doesn’t mean his insurance premiums are going to be reduced. According to Lloyd’s, policies covering race car drivers in …
Guy Carpenter, the reinsurance arm of Marsh Inc. has just issued a comprehensive 64 page study of the state and prospects for the property/casualty reinsurance market in the year 2000. The report sees an industry in transition with continuing major …
The St. Paul Companies have had considerable success with their professional liability policy for English and Welsh lawyers. Since receiving the designation “qualifying insurer” last January from the Law Society of England and Wales, it’s booked £50 million ($71 million) …
St. Paul International Insurance Co., Ltd., a subsidiary of The St. Paul Companies Inc., announced today it intends to acquire the Australia Pacific Professional Indemnity Insurance co., Ltd. (APPIIL) in Brisbane, from GIO Holdings Ltd. The transaction is expected to …
