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19 April 2021 17.15 AEST

Steadfast acquires majority stake in global broker group

19 April 2021

Steadfast has acquired a majority 60% stake in unisonSteadfast, a global network of independent insurance brokers based in Hamburg and Chicago...

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Snail’s pace? ICA defends BI claims process

20 April 2021

The Insurance Council of Australia has released a detailed explanation of the industry’s response to COVID-19 related business interruption claims, following criticism of lengthy test cases which compare unfavourably with a similar process in the UK...

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Local

Corporate

Regulatory & Government

AFCA backs exploration of UK test case model

19 April 2021

The Australian Financial Complaints Authority has supported consideration of a UK-style legal test case model for issues with wide-ranging impacts, amid scrutiny over the insurance industry’s approach to business interruption matters...

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Life Insurance

The Professional

Insurtech

International

Aon-WTW deal still to clear regulatory hurdles

19 April 2021

Aon’s proposed US$30 billion merger with Willis Towers Watson is still awaiting regulatory clearances as the European Commission considers commitments lodged this month to address competition concerns, while authorities in other countries are also completing reviews...

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Analysis