Wickshire becomes first Australian-based Lloyd’s broker 16 August 2019 A Sydney brokerage has become the first Australian-based registered Lloyd’s broker as technological uptake at the London market makes it easier to transact business from global locations... Read More...
One more time: NZ to fund repairs for onsold quake homes 16 August 2019 The New Zealand Government will pay homeowners in Christchurch and surrounding areas who bought properties they later found contained botched repairs from the earthquakes and who are unable to claim on private insurance... Read More...
CTP overhaul: ministers seek national fix for automated car cover 16 August 2019 Australia’s top transport ministers want compulsory third party (CTP) insurance schemes across Australia to be rejigged to fill a gap in cover for automated vehicles... Read More...
Local premium gains outpace global markets: Marsh 12 August 2019 Premium price gains in the Pacific region, including Australia and New Zealand, tripled the pace of global increases in the second quarter, a Marsh report shows... Read More...
IAG’s net profit rises 16.6%, but insurance profit falls 12 August 2019 IAG’s net profit rose 16.6% to $1.08 billion last financial year, boosted by a windfall of more than $200 million from the sale of IAG’s Thai operations in August last year... Read More...
Stronger codes vital, says APRA chief 12 August 2019 Stronger industry codes of practice are needed to improve financial services’ self-regulation following recent failures, Australian Prudential Regulation Authority Chairman Wayne Byres says... Read More...
Zurich nabs Delaney for CEO role 12 August 2019 Zurich has appointed TAL COO Justin Delaney as its new CEO, Life and Investments, replacing Tim Bailey... Read More...
IAG names legal head 12 August 2019 IAG has appointed Peter Horton as Group General Counsel... Read More...
Shortage of expertise affecting clients 12 August 2019 The complexities of the current global claims environment is straining available expertise and resources for insurers, adjusters and others and is starting to affect clients, Aon says... Read More...
Levels rising: water claims prove a costly challenge 12 August 2019 Chubb’s report on internal water damage offers a case study of a client who owns a beautiful historic home as part of a property portfolio... Read More...