Australia

Australia Home-Loan Approvals Drop By Most in 8 Years (Update2) (Bloomberg.com)

9 Jul 2008

July 9 (Bloomberg) -- Australia's home-loan approvals fell by the most in eight years in May as the highest interest rates since 1996 and rising costs for building products damped demand for property.

Insurance Australia names Michael Wilkins CEO; to cut full-year dividend - Quick Facts (Nasdaq)

9 Jul 2008

(RTTNews) - Insurance Australia Group (IAUGF.PK) announced that it has appointed Michael Wilkins as new Chief Executive Officer.

Insurance Australia to Report Loss, Retreat From U.K. (Update2) (Bloomberg.com)

9 Jul 2008

July 9 (Bloomberg) -- Insurance Australia Group Ltd. , the insurer that rejected a takeover offer from QBE Insurance Group Ltd. in May, said it will report its first loss in six years and retreat from the U.K. market.