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Ace Insurance Purchase Chubb Insurance
Ace to become Chubb in giant merger deal Zurich-based global insurer Ace has agreed to buy US-based Chubb Corporation for $US28.3 billion ($37 billion) in what is believed to be the largest-ever deal between two insurance companies. Ace shareholders will take 70% of the new company, which will operate under the Chubb name. Ace CEO […]
Steadfast Group Investor Day Presentation
Presentation by Steadfast Group Steadfast Investor Day Presentation – Statewide Insurance from Statewide Insurance Brokers Who is Steadfast Group? Statewide Insurance Brokers is a member of the largest insurance broker network in Australasia, the Steadfast Group. Comprised of 300+ brokerages with over 500 offices, the group generated over $5 billion in insurance sales last financial […]
NTI Insurance takes over Lumley Heavy Motor
National Transport Insurance taking over Lumley Heavy Motor Lumley’s heavy motor and mobile plant and equipment portfolios will transfer to National Transport Insurance (NTI) from July 1, CGU has recently announced. NTI Insurance is already the country’s leading truck insurer, and incorporating the portfolio of a former major competitor can only increase its market dominance. […]
Home Insurance Unoccupancy Clause
Prominent within all home (and landlords & business package) insurances is a general condition or general exclusion known as the ‘Unoccupancy Clause’. In simple terms, the policy will not respond, or cover would be reduced or restricted, if the premises is unoccupied for more than a set amount of days – commonly 60days. Various insurer definitions read […]
Berkshire Hathaway Insurance Entering Australian Market
IAG and Berkshire Combine Forces *Press release from IAG Today IAG has announced a long-term strategic partnership with Berkshire Hathaway Insurance that will enable both our companies to draw on each other’s strengths to better service customers and deliver superior business outcomes. This is an exciting move for IAG that gives us the long-term backing of […]