General Insurance

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Zurich CEO Rajbir Singh Nanra

Zurich New Chief Executive Officer Rajbir Nanra

Rajbir Nanra Chief Executive Officer, General Insurance, Australia and New Zealand Zurich is has announced the appointment of Rajbir Nanra to the position of Chief Executive Officer (CEO), General Insurance, Australia and New Zealand. Raj will report to Stuart A. Spencer, CEO of General Insurance, Asia Pacific as well as the board of Zurich Australian Insurance Limited. In announcing the appointment, Stuart A. Spencer, CEO of General Insurance, Asia Pacific said: “I am confident that Raj’s experience, enthusiasm and leadership will continue to

Zurich Names Paul Bedbrook as New Chairman

  Zurich has named Paul Bedbrook as its incoming Chairman of its key general insurance, life insurance and investment entities. Paul Bedbrook is a professional director who has had a career of over 35 years in financial services. He was originally an analyst, fund manager and then the GM & Chief Investment Officer for Mercantile Mutual Investment Management Ltd (ING owned) from 1987 to 1995. In all, Paul was an executive for 26 years with the Dutch

Steadfast bid for General Insurer Calliden

   ASX listed Insurance Brokerage Steadafast has announced for a bid for General Insurer Calliden Steadfast bid to Calliden shareholders based on 46.5 cents per share (41.5 cents per share plus special fully franked dividend of 5.0 cents per share) Steadfast share approximately, the the group would complete a $55m Immediate on-sale of insurance business and certain agencies to Munich Re including the NTA (Net Tangible Assets) of Calliden Conditional upon approvals from regulatory bodies, Calliden shareholders,

Life Insurers Profit Drops by 25%

The latest Life Insurance performance statistics release by the Australian Prudential Regulation Authority (APRA) shows a decline in profit despite an increase in revenue. For the twelve months to 30 September 2013  the industry net profit after tax was $2.2 billion, a decrease of 26.5 per cent from the previous year’s profit of $3.1 billion.The September 2013 quarter profit was $441 million compared with the June 2013 quarter profit of $391 million(representing a 12.8 per cent increase) and

Life Insurer Asteron adds ‘Part of the Suncorp Group’ to logo

    Seven years after joining the Suncorp Group life insurer Asteron has added it to it logo, Asteron Life has been a specialist life insurance company for more than 175 years. Suncorp Group is the leading provider of general insurance, banking, life insurance and wealth management in Australia and New Zealand.   Click here for your insurance quotes   Please note Quotesonline Insurance

Who referees Insurance Brokers

The Australian Securities and Investments Commission ASIC are an independent Commonwealth Government agency who’s role include the licensing of  life or general insurance brokers. ASIC receives reports about delivery of life or general insurance products, an ASIC licensed Australian financial services (AFS) licence authorises licensees to provide financial product advice to clients. ASIC investigations has lead to at least six insurance professionals being banned or jailed in recent months. In the event of dispute 

John Stringer Appointed as CEO RAC Insurance

RAC Insurance has appointed John Stringer as CEO, replacing Mike McCarthy who left in December. Mr Stringer joined the Western Australian based insurer in February 2011 as GM Claims and has more than 35 years’ experience in the industry, both in both broking and general insurance. He was most recently an EM at Suncorp subsidiary AAMI. Source Insurance News Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the

Zurich back research with Investment in Insurance Broker channel

Just a few weeks after release of research showing Australian business trust in insurance brokers (read more), insurer Zurich Australia has announced a strategy to stay away from on-line sales to boost investment in the traditional insurance broker channel. Daniel Fogarty Zurich Chief Executive Officer, General Insurance has told the AFR “… its about getting advice” Zurich has invested in technology aimed at improving communication and services to brokers.  

Zurich Highlight benefits offered by insurance brokers

General Insurer Zurich have commssioned a study by Cameron Research group that found 87% of small to medium enterprises (SME) were very satisfied with their insurance broker. “Most businesses get professional advice or support for key aspects of running their business, for example legal and taxation. Zurich believes that given the critical nature of insurance it should also warrant professional advice,” said Mr Daniel Fogarty Zurich Chief Executive Officer, General Insurance Zurich’s top 3 reasons why SMEs should use an insurance

Zurich Australia Name Daniel Fogarty as CEO General Insurance Business in Australia

Zurich Australia has appointed Daniel Fogarty as CEO General Insurance Business in Australia, he previously held the position of Executive General Manager for the Corporate business. Fogarty joined Zurich in 2009 to manage the SME & Packages business, and was promoted to Chief Operating Officer (COO) in April 2010. Prior to joining Zurich, he spent more than five years at Suncorp, where he held several Executive General Manager positions in general insurance. Before

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