Is there a campaign to undermine either Insurance Australia Group (IAG), the NRMA, or both?
IAG
Former NRMA director: insurance industry hiring “a conga line of spin doctors”
A former NRMA Insurance director has accused his old firm of engaging in secretive government lobbying efforts, telling Crikey a “conga line of very expensive spin doctors” had been descending on Canberra and Brisbane in recent weeks to bend politicians’ ears in the wake of the Queensland floods.
Business As Usual: New high for US debt … Europe’s worried banks … pssst, Macquarie Bank, here’s a Grecian bargain …
Worried European banks are stashing money in the bank, there are profit downgrades aplenty emerging here, why the Germans are fun-loving spoilsports and other business news.
Business As Usual: All hail and, well, big insurance claims … more US banks go …
Natural disasters are going to have a big say in the fortunes of insurance companies, 26 more US banks have gone down the tube, China’s exchange rate is steady as she goes, some encouragement in the latest US job figures and more business briefs.
Business As Usual: Heroic work at Fairfax … Insurance slug on the way … Party poopers in the UK
Heroic cost-cutting at Fairfax Media; insurance costs ready to rise; the job market conundrum for the ageing; Chinese bankers take a new tack; and it’s still the status quo in the UK … that’s grey skies in case you were wondering.
Macquarie’s secret debt buy-back revealed
Macquarie and IAG are running a nice little lurk at the moment, taking advantage of the GFC and buying back previously-issued debt at a discount, writes Glenn Dyer.
Morning Market Report: BEN gets crushed
Bendigo and Adelaide Bank (BEN) getting smashed after releasing its Trading Update.
Will Michael Hawker make the Directors’ Club?
Michael Hawker who was forced to resign as IAG CEO yesterday has probably had his chances of becoming a top non-executive chairman dashed, writes Stephen Mayne.
The QBE offer for IAG that wasn’t
Most journos and analysts have described the QBE statements purporting to make an offer to IAG as an offer. Nothing of the sort, writes Glenn Dyer.
