AUB sells Altius in health and rehab exit 20 January 2021 AUB Group has agreed to sell its holding in Altius to the Riverside Company for net cash proceeds of about $57 million, completing its exit from health and rehabilitation services... Read More...
Coverforce completes management buyout of private equity investor 20 January 2021 Independent brokerage Coverforce today confirmed that management shareholders have acquired investment firm Pemba Capital Partners’ 49% ownership in the business... Read More...
Risks pile higher in financial lines: Gallagher 20 January 2021 Insurers are wary of emerging financial lines risks and are approaching directors’ and officers’ and management liability renewals as if a fiscal cliff is imminent, Gallagher says... Read More...
Contagious diseases, climate change 'key global risks': WEF report 20 January 2021 Infectious diseases and a number of climate change-linked threats have dominated a risk survey as part of an annual World Economic Forum report produced in collaboration with Zurich Insurance Group and Marsh... Read More...
CBA’s insurance arm may be pitched to big insurers 14 December 2020 Speculation is growing that the Commonwealth Bank may pitch its $1 billion general insurance business to four major insurers in the local market as early as next year... Read More...
Passage of Bill progresses Hayne recommendations 14 December 2020 Passage of the Financial Sector Reform Bill 2020 through Parliament is a “major step forward” in implementing the recommendations of the Hayne royal commission, the Federal Government says... Read More...
Advisers back Canberra’s move to kill off FASEA 14 December 2020 Key peak bodies have expressed support for the Morrison Government’s decision to wind up the Financial Adviser Standards and Ethics Authority and introduce other measures that will reduce red tape... Read More...
Four re-elected to UAC board 14 December 2020 Four directors have been re-elected to the Underwriting Agencies Council board, with Kurt Nilsen being confirmed for a further one-year term as Chairman... Read More...
November’s Typhoon Goni strongest ever storm at landfall 14 December 2020 Super Typhoon Goni, which hit the Philippines in November, was the strongest storm at landfall in recorded history with average sustained winds of 315 kilometres an hour, Aon’s latest Global Catastrophe Recap report says... Read More...
Small business battles spur calls for government action 14 December 2020 The Australian Small Business and Family Enterprise Ombudsman has warned insurance market failure is causing a national crisis that needs to be addressed, and has taken calls for government action to a new level... Read More...