Daily

Crisis talks as bogus London lineslip revealed

21 May 2019

A London-based JLT Re broker has been sacked after a lineslip facility insuring Australian policyholders was exposed as a sham…

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Hayne sparks demand for specialists, but salary war looms

21 May 2019

Insurance professionals with niche skills in areas such as handling complex claims, risk and compliance can command higher salaries as the industry gears up to comply with the reforms tabled by the Hayne royal commission, recruiter Hays says today…

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Tower bounces back with first-half profit

21 May 2019

New Zealand’s third-largest general insurer Tower today announced a return to the black with a first-half net profit of $NZ11.9 million ($11.3 million) as ongoing efforts to revamp the business yield dividends…

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Australia’s premium growth leads the world

17 May 2019

Commercial premium in the Pacific, along with the region’s largest market Australia, grew at the fastest pace in the world during the first quarter, Marsh says...

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Suncorp’s pre-election warning: ‘involve insurers in reform, or pay the price’

17 May 2019

The incoming Federal Government, whichever party is elected, must consult with the insurance industry and take a balanced approach to royal commission reforms, or risk the chaos of insurer collapse, Suncorp says...

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QBE ‘won’t replace’ departing executive

17 May 2019

QBE has announced the exit of Group COO David McMillan, who is leaving to become CEO of a UK insurer...

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NSW reviews icare workers' comp scheme

16 May 2019

The NSW State Insurance Regulatory Authority has invited submissions to an independent review of workers’ compensation arrangements managed by Insurance and Care NSW (icare)...

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QBE speeds property claims, appoints Sedgwick

16 May 2019

QBE has appointed Sedgwick as its sole principal loss adjusting partner as it introduces new technology that allows it to streamline property claims decision-making and cut costs...

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NZ court orders broker to repay Suncorp

16 May 2019

A New Zealand insurance broker has lost his legal bid to have Suncorp-owned Asteron Life resume paying him income protection benefits...

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Gallagher acquires SA brokerage

15 May 2019

Gallagher has announced the acquisition of Adelaide-based Donnellys Insurance Brokers, as it continues to expand its SME capability...

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In plain sight: ASIC demands complaints transparency

15 May 2019

The Australian Securities and Investments Commission has launched consultation on new standards for the handling of customer complaints by financial firms...

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Insurers 'failing to keep up with customers'

15 May 2019

Customers in Australia and globally want more comprehensive and dynamic insurance products but are not getting them because of a tepid response from insurers, a new report claims...

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Signed and sealed: Nib takes control of QBE’s travel arm

14 May 2019

QBE has completed the disposal of its Australian travel insurance business to health insurer Nib Holdings, which has invested significantly to build up its presence in the market...

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Insurtech Australia appoints first female chief

14 May 2019

Insurtech Australia today named founding member Rita Yates as its new CEO. She replaces Simon O’Dell, who becomes Chairman after slightly more than a year as CEO...

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El Nino likelihood downgraded – for now, at least

14 May 2019

The Bureau of Meteorology today slashed the chances of an El Nino weather system developing this year, bringing potential relief to drought-hit regions...

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NSW Government stays silent on 50% insurance tax

10 May 2019

The NSW Government has failed to respond to concerns that taxes will soon account for more than half of home and contents premiums in the state...

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Greens push for $50 million cladding fix

10 May 2019

The Greens want Canberra to finance a $50 million kitty to help affected apartment owners pay for the urgent removal of flammable cladding materials...

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Good to talk: ICA hails success of catastrophe forums

10 May 2019

The Insurance Council of Australia says efforts to engage face-to-face with residents at natural disaster community forums are reaping rewards...

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QBE shareholders snub fossil fuel reduction bid

9 May 2019

An overwhelming 91.9% of proxies voted against fossil fuel exposure reduction targets at today’s QBE annual general meeting in Sydney...

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ESL shock: tax to exceed premiums for NSW homes, businesses

9 May 2019

Taxes will account for more than 50% of the cost of NSW home and contents policies from July, as sharp increases to the state’s Emergency Services Levy kick in...

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