News Archive

2009

2008

Australia Insurance News

Health Insurer Prepares For Battle

Thursday February 28, 2008
LISTED private health insurer NIB is in early merger talks with two smaller funds as it prepares to face increased competition from the much-larger rival that will be formed by the $2.4 billion partnership between MBF and BUPA Australia.

Nib In Talks With Smaller Funds

Thursday February 28, 2008
THE listed private health insurer NIB is engaged in early merger talks with two smaller funds as it prepares to face increased competition from the much larger rival that will be formed by the $2.4 billion partnership between MBF and BUPA Australia.

Busy Ex-premier Is Now Bracksy The Banker Too

Saturday February 23, 2008
FORMER premier Steve Bracks has landed another plum job, joining the National Australia Bank as an executive.

Two More Roped Into Hih Court Tangle With $500m At Its Centre

Friday February 22, 2008
TWO former non-executive directors of FAI Insurance have been drawn into the $500 million damages suit over HIH's purchase of their company due to be heard in the NSW Supreme Court next year.

Insurer Widens Outlook On Life

Thursday February 21, 2008
SIGNALLING an expansion into other services, listed health fund provider NIB has announced it will partner with Tower Australia Group to offer life insurance.

In The Wild West, Afl Must Be Ready For Battle

Tuesday February 19, 2008
The Gold Coast may be ready, but Australia's biggest football code needs to be equipped in Sydney's far reaches.

Super 14: Fai Scrum Growing

Tuesday February 19, 2008
THE large damages suit over HIH Insurance's 1998 purchase of FAI Insurances will involve at least 14 cross-claims by FAI's financial adviser Goldman Sachs Australia, its reinsurer General Reinsurance Australia and three former FAI executives, Rodney Adler, Daniel Wilkie and Tim Mainprize.

Welter Of Cross-claims In Damages Suit Over Hih

Tuesday February 19, 2008
THE large damages suit over HIH Insurance's 1998 purchase of FAI Insurances will involve at least 14 cross-claims by FAI's financial adviser, Goldman Sachs Australia, its reinsurer, General Reinsurance Australia, and former FAI executives Rodney Adler, Daniel Wilkie and Tim Mainprize.

Ahm Website Wins Global Acclaim

Thursday February 14, 2008
THERE has been a lot of talk about Australian Health Management's support of the Wollongong IMB Hawks lately, but the Wollongong-based health insurance provider is also a winner in the provision of online services.

Mbf Policyholders To Get Money News In April

Saturday February 9, 2008
MBF's 800,000 policyholders will find out in April how much money they will receive from the health insurer and its former rival, BUPA Australia.

The Centre Of The Mining Universe

Saturday February 9, 2008
THE entire NSW coalmining industry is expected to converge on Singleton for three days from February 19 to 21 to participate in Australia's largest regional mining expo and conference.

Country Rugby Teams Frozen Out Of Elvs Revolution

Saturday February 2, 2008
FORMER Waratahs lock Peter Besseling has called on NSW Country Rugby Union to have the International Rugby Board slash the red tape delaying the Australia-wide introduction of the experimental law variations.

Storm Damage Shaves $280m Off Suncorp Profits

Saturday February 2, 2008
SUNCORP'S plans to chase hugely profitable growth following its $7.9 billion acquisition of rival insurance group Promina last year have been dashed for the immediate future by a growing bill for storm damage across Australia and New Zealand that has hit $280 million.

Insurance Chief Turns To Friends In High Places

Saturday February 2, 2008
AS A qualified actuary, Trevor Matthews has presumably modelled the risks of his defection this week from one of Britain's biggest insurers, Standard Life, to its rival, Friends Provident.