Archive for January, 2010
Wednesday, January 27th, 2010
Lumley Insurance has today announced plans to strengthen their offering of
insurance products and risk management services to leading ASX-listed, private and Government organisations. A new “Corporate Solutions” business unit will be established to help
general insurance brokers meet the specialised needs of Australia’s large corporations.
Lumley Insurance plans to launch the new services in the second quarter of 2010.
Lumley Insurance is a wholly owned subsidiary of the Wesfarmers group, one of the largest listed companies in Australia with revenues over $50 billion and a market capitalisation around $30 billion. Lumley Insurance has an S&P A- credit rating and has operated in Australia for over 60 years. Lumley Insurance and other Wesfarmers’ insurance businesses write premium in excess of $1.3 billion in Australia and New Zealand. Lumleys products include Landlords Insurance, Car Insurance, Business Insurance, and Public Liability Insurance
The information provided by Quotesonline.com.au is indicative only and given in good faith by Quotesonline.com.au and our partners. All information is subject to change without notice. Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product ‘
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Tags: Business Insurance, Car Insurance, Corporate Solutions, general insurance brokers, Insurance, John Nagle, landlords insurance, Lumley Insurance, Public Liability Insurance, Rob Funnell, Thomas Easo, Vero, Vivek Bhatia
Posted in Insurance, Insurance News, Insurers, Public Liability Insurance | No Comments »
Wednesday, January 27th, 2010
Former AIA national dealer manager Niall McConville has joined Life Insurer Tower Australia in the same role for Tower.
Your Life Insurance Quotes will come from a licensed Authorised Representative so you can compare products and features
Please note: Quotesonline Partners may offer you products from other insurers not listed above*The information provided by Quotesonline.com.au is indicative only and given in good faith by Quotesonline.com.au and our partners. All information is subject to change without notice.Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License, but may gain commission from sales as a result of your insurance purchase. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product
Tags: AIA, Life Insurance Quotes, Life Insurer, Niall McConville, Tower Australia
Posted in Insurance, Insurance News, Insurers, Life Insurance | No Comments »
Wednesday, January 27th, 2010
The Australian Securities and Investments Commission (ASIC) has banned Joshua David Fuoco of Prahran in Victoria from providing financial services for five years.
This follows an investigation into the Dollarforce Group of companies, in particular Elite Equities Limited (Elite) and Mr Fuoco. It shows Joshua David Fuoco was an Authorised Representative of Elite, a Financial Planning business associated with the Dollarforce Group between 23 February 2005 and 11 November 2008.
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Tags: ASIC, Dollarforce Group, Elite Equities Limited, financial planner, financial planning, Victorian
Posted in Insurance News, Insurers | No Comments »
Monday, January 25th, 2010
Top performing companies and individuals in the insurance industry were honoured at the Australia and New Zealand Insurance Industry Awards in the Sydney Convention Centre last year. They received their awards in front of a sold-out audience of over 700 leaders in the insurance industry.
The awards, hosted by The Australian and New Zealand Institute of Insurance and Finance (the Institute) and founding partner Asia Insurance Review (AIR), recognise outstanding achievement in the Australian and New Zealand insurance marketplace.
The winners of the 2009 Australia and New Zealand Insurance Industry Awards were:
Law Firm of the Year – Minter Ellison
Small – Medium Broker of the Year – Specialised Broking Associates (SBA)
Large Broker of the Year - Marsh
General Insurance Company of the Year - Allianz
Life Company of the Year – MLC
Loss Adjuster of the Year – McLarens Young International New Zealand
Underwriting Agency of the Year – Sportscover
Reinsurance Company of the Year – RGA
Risk Manager/Team of the Year – Paul Hurrell, IAG NZ
Service Provider of the Year – Finity
Services to the Community Award - AMI
Innovation of the Year – World Nomads
Insurance Leader of the Year – Frank O’Halloran, QBE
Australian Treasurer’s Good Governance and Practice Award – QBE
Tags: Allianz, Frank O’Halloran, General Insurance Company of the Year, IAG, Insurance, Insurance Leader of the Year, Large Broker of the Year, Law Firm of the Year, Life Company of the Year, Loss Adjuster of the Year, Marsh, McLarens Young International New Zealand, Medium Broker of the Year, Minter Ellison, MLC, QBE, Reinsurance Company of the Year, RGA, Specialised Broking Associates, Sportscover, Sydney, The Australian and New Zealand Institute of Insurance and Finance, the Institute, Travel insurance, Underwriting Agency of the Year, World Nomads
Posted in Insurance, Insurance News, Insurers, Life Insurance, Travel insurance | No Comments »
Monday, January 25th, 2010
The Australian Securities and Investments Commission (ASIC) has investigated and charged the directors of Opes Prime Stockbroking Ltd (OPSL), which includes Lirim (Laurie) Emini, Julian Smith and Anthony Blumberg, with offences regarding their duties as directors.
OPSL was placed in administration in March 2008 and receivers and managers were appointed. When Opes Prime collapsed, it had over 650 active client accounts and creditors were owed approximately $630 million.
Mr Smith of Wentworth Falls, NSW, was arrested on Friday 8 January and appeared in the Downing Centre Local Court, Sydney. Mr Blumberg of Cheltenham, Victoria, was arrested on 11 January 2010 and appeared in the Melbourne Magistrates Court.
They were granted conditional bail to appear in the Melbourne Magistrates Court on 29 January 2010. They had to surrender their passports, were not allowed to apply for further passports and were not allowed at any international departure point. Mr Emini of Templestowe, Victoria, has been charged on summons to appear in the Melbourne Magistrates Court on the same day.
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Tags: Anthony Blumberg, ASIC, Australian Securities and Investments Commission, Julian Smith, Lirim Emini, Opes Prime Stockbroking Ltd
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Sunday, January 24th, 2010
General Insurers paid an astounding $326 million on more than 10,000 claims for Professional Indemnity (PI) and Public and Product Liability (PL) Insurance during 2008. About 80 per cent of claims reported and payments made were for Public and Product Liability business, while the remaining 20 per cent were for professional indemnity business.
These were some of the figures relating to insurance claims data for state and territory insurers released for the first time at the end of last year in a report by The Australian Prudential Regulation Authority (APRA).
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Tags: apra, Australian Prudential Regulation Authority, General Insurers, PI, PL, Product Liability, Professional Indemnity, public liability
Posted in Insurance, Insurance News, Insurers, Professional indemnity insurance, Public Liability Insurance | No Comments »
Sunday, January 24th, 2010
The Australian and New Zealand Institute of Insurance and Finance (the Institute) has announced its Board of Directors for 2010. The Board includes two new directors, Jonathon Fox from Elders Insurance and Karl Armstrong of NZI.
Mr Fox joins the Board in his capacity as the new President of the Institute Presidents’ Council and Mr Armstrong joins in his capacity as the New Zealand President on the Board.
Institute President and Chairman of the Board, Mr Duncan West believes that the combination of strong industry experience and knowledge of all the directors will allow the Institute to continue to deliver award-winning services in education, consulting, membership and community programs, as well as increase the recognition of professional standards within the insurance industry.
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Tags: Anthony Morgan, ANZIIF, Duncan West, Elders Insurance, Insurance, John Richardson, Jonathon Fox, Karl Armstrong, Lumleys, NZI, The Australian and New Zealand Institute of Insurance and Finance, the Institute
Posted in Insurance, Insurance News, Insurers | No Comments »
Sunday, January 24th, 2010
Australian Life Insurer AIA has announced changes in management of its Adviser Service team, Niall McConville, national dealer manager, and David Mounsey, head of adviser services have left AIA.
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Your Life Insurance Quotes will come from a licensed Authorised Representative so you can compare products and feature
Please note: Quotesonline Partners may offer you products from other insurers not listed above*The information provided by Quotesonline.com.au is indicative only and given in good faith by Quotesonline.com.au and our partners. All information is subject to change without notice.Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License, but may gain commission from sales as a result of your insurance purchase. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product
Tags: AIA, Life Insurer
Posted in Insurance, Insurance News, Insurers, Life Insurance | No Comments »
Sunday, January 24th, 2010
The New York Times is reporting the National Australia Bank (NAB) has completed its review of Life Insurer Asia Pacific Holdings Ltd (AXA), and hasn’t found anything likely to derail the A$13.3 billion takeover bid.
Please note: Quotesonline Partners may offer you products from other insurers not listed above*The information provided by Quotesonline.com.au is indicative only and given in good faith by Quotesonline.com.au and our partners. All information is subject to change without notice.Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License, but may gain commission from sales as a result of your insurance purchase. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product
Tags: AXA, Life Insurer, NAB, National Australia Bank
Posted in Insurance, Insurance News, Insurers, Life Insurance | No Comments »
Friday, January 22nd, 2010
AXA said it expects strong earnings in the 2009 financial year, it has report its likely to make a A$675 million around A$100 million ahead of consensus forecast.
Source GreatChoice
Please note: Quotesonline Partners may offer you products from other insurers not listed above*The information provided by Quotesonline.com.au is indicative only and given in good faith by Quotesonline.com.au and our partners. All information is subject to change without notice.Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License, but may gain commission from sales as a result of your insurance purchase. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product
Tags: AXA, Income Protection insurance quotes, Life Insurance Quotes
Posted in Income Protection Insurance, Insurers, Life Insurance | No Comments »
