The House of Representative inquiry into residential strata insurance has received 388 submissions, with most coming from disgruntled property owners complaining about price increases. The industry has made just four submissions to the inquiry: the Insurance Council of Australia (ICA), National Insurance Brokers Association (NIBA), CGU and Zurich. The industry submissions defend the prices rises, [...]

Bermuda-based Third Point Reinsurance has named Rob Bredahl as CFO as well as COO and Dan Malloy as executive vice president Underwriting. Prior to Third Point Re, Bredahl worked for Aon Benfield where he served as CEO of Aon Benfield Securities and president of Aon Benfield Americas. He also served as the managing director and [...]

Life assurance policy is easy to be purchased by anyone if they want to give protection to their family. It’s nothing but a contract between two parties. They are the insured and the insurance company. These life insurance policies are based on the contract which is further divided into: • Protection policies o Term life [...]

IAG announced this morning it has entered into an agreement to buy troubled New Zealand insurer AMI for $NZ380 million ($288 million). The acquisition excludes all liabilities relating to the earthquakes which have affected the Canterbury region. It will be funded from internal resources. CEO Mike Wilkins says the acquisition is an important further step [...]

Starr Companies has named Ed Navarro as head of its international insurance operations. In his new role, Navarro will drive Starr’s expansion for all areas outside of the US. Navarro will be supported by Steve Blakey who will also continue to lead the organization’s operation in London as well as continue to lead the Global [...]