Australia Insurance News
Hawker Takes The Blow, But Iag Pays The Price
Thursday July 31, 2008
THE former chief executive of Insurance Australia Group, Michael Hawker, earned almost $5.8 million in his last year at the embattled company, including a payment of almost $2 million - one-third of the final amount - to cover his departure from the top job.With Mbf Sealed, Bupa May Integrate Insurance Brands
Saturday July 26, 2008
HEALTH care giant Bupa is considering ditching the HBA and MBF brand names and has not decided whether to hold on to all the assets it picked up as part of its $2.41 billion buy-out of MBF earlier this year.Nsw To Make Less Of The Pie
Monday July 21, 2008
AUSTRALIA'S two-speed economy will only deepen in the coming years, dragging the NSW share of the national economy and its share of total population down to record lows.Hopes Of $20m For Complex
Saturday July 19, 2008
A MAJOR commercial complex at Charlestown, home to Hoyts cinemas and AAMI insurance, is expected to attract offers above $20 million when it is listed for sale next week.Big Day Out For Suncorp
Friday July 18, 2008
SUNCORP yesterday helped lift some of the gloom surrounding the battered insurance industry, with renewed support from one of the main credit ratings agencies, Standard & Poor's, for its $8 billion acquisition of the Promina group.Shall We Dance? Obama Steps Out With Clinton In A Fred And Ginger Moment
Saturday July 12, 2008
WHERE Australia had Paul Keating as a self-declared Placido Domingo of politics, a newly convivial Hillary Clinton has dubbed herself Ginger Rogers to Barack Obama's Fred Astaire.Union Sees Harder Times Ahead
Thursday July 10, 2008
A UNION fears the 600 jobs to be lost at Insurance Australia Group may not be the only redundancies in a sector buffeted by the global credit crisis and rising claims because of climate change.Let's Save The World Together ...
Thursday July 10, 2008
SOME of the biggest names in corporate Australia are lining up to take part in a collective marketing push to persuade shoppers to go green.Payout Slashed In Iag Revamp
Thursday July 10, 2008
INSURANCE Australia Group announced plans to slash its dividend yesterday - as well as 600 local staff - as part of a restructure designed to put the company back on track and justify its rejection of a takeover bid from rival insurer QBE.Iag Shake-up Will Wipe 500 Jobs
Monday July 7, 2008
HUNDREDS of jobs will be lost in an operational shake-up of Insurance Australia Group which will be announced this week by the new chief executive, Mike Wilkins, as part of his efforts to restore investor confidence in the embattled company.Cutting Edge Has Special Meaning For Iag Chief
Friday July 4, 2008
The insurance industry wonders if Mike Wilkins can find his Promina form again next week.Turnbull Faces Poll During Court Case
Friday July 4, 2008
THE Liberal Party frontbencher Malcolm Turnbull could be contesting the next federal election at the same time as contesting a damages suit relating to the nation's largest corporate collapse, HIH Insurance.