NZ LISTING
ACIL confirms Lombard reverse for NZX list
AUSTRALIAN INSURANCE broking and underwriting agency Australian Consolidated Insurance Limited (ACIL) is making a reverse takeover deal that will see it gain further access to the New Zealand market by becoming part of an NZX listed entity.
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JUNE RENEWALS
Insurers pushed for 5%-10% increases
INSURANCE COMPANIES have tried hard to push up rates during the June renewals but with only mild success, brokers have told InsuranceNewsAustralia.
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Underwriters sought to cleanse bookse
MAJOR INSURERS have used the June renewals to cleanse their books and while they were not declining to renew business, they were standing firm on rates
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Trade credit insurers are getting tough
BROOKVALE INSURANCE Brokers director Michael Olofinsky said the group had maintained the status quo during the June renewals but he was concerned about the future.
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Premiums flat says Marsh
MARSH HAS found that conditions in the Australian insurance market were relatively stable through the June renewal season.
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PREMIUM FUNDING
CAF ‘holds and regains broker support’
CENTREPOINT ALLIANCE is regaining and retaining support of its core insurance broker clients despite the ructions of the separation of premium funding arrangements with OAMPS.
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OAMPS erects a Monument from NZ
OAMPS INSURANCE Brokers premium funding facility will be offered by Monument Premium Funding from September 1 2009 adopting the name used by [[Crombie Lockwood]] insurance broking group in New Zealand.
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ANZIIF AWARDS
Small broker finalists – Perth to Nelson
SMALL TO MEDIUM sized insurance brokers from Perth Western Australia to Nelson New Zealand are among finalists of The Australia and New Zealand Insurance Industry Awards this year.
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TO CONTACT
Send news to John Heath, Editor,
Tel 61 (0) 3 9840 7677
Fax 61 (0) 3 9848 6908

e-mail:
editor@insurancenewsaustralia.com
news@insurancenewsaustralia.com

   


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ALSO IN THIS ISSUE:

New and former finalists show their keenness

INSURANCE BROKING
Austbrokers adds the percentages
The 2009 buys funded by cash then borrowings

UNDERWRITING AGENCIES
ACIL adds 15,000 clients in New Zealand

INSURERS
Suncorp CEO-elect grabs the headlines
Banks in Mr Snowball’s resumé

UNDERWRITING AGENCIES
ACIL adds 15,000 clients in New Zealand

D&O
ACE gives directors a chance with sole D&O
ACE’s ‘Elite Side A’ stands apart

MARKET WITHDRAWAL
Lumley leaves home owner’s warranty
MBA insurance alerts members

And many more inside ...

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