Munich Re names new local MD as Ronnenberg departs 4 March 2021 Scott Hawkins will step into the role of MD Australasia at Munich Re next month, taking over from Ralph Ronnenberg who has held the role for five years... Read More...
icare names nine brokers for smaller builders warranty panel 4 March 2021 NSW state-owned insurer icare has appointed nine distributors to its Home Building Compensation Fund panel after completing a tender process... Read More...
Court refuses last-minute trade credit extension 4 March 2021 Financial company Greensill has failed in last-minute NSW Supreme Court action taken to avert the expiry of trade credit insurance policies that had provided $4.6 billion in cover... Read More...
French bulldog owner wins $6000 over reneged 'lifetime cover' promise 4 March 2021 A woman promised lifetime cover for her French bulldog has won a claim dispute after an insurer withdrew from selling pet cover and declined to renew her year-old policy... Read More...
Clarity on second BI test case issues not expected this year 1 March 2021 The Insurance Council of Australia’s second test case on business interruption cover may not bring clarity until well into next year given legal timelines and likely appeal processes... Read More...
Steadfast emerges strongly after COVID uncertainty 1 March 2021 Steadfast says it has emerged from the uncertainty created by the coronavirus pandemic in a strong position and expects the full-year result to be at the top of a previously released guidance range... Read More...
ASIC to offer immunity for misconduct informers 1 March 2021 The Australian Securities and Investments Commission will offer immunity to people who inform the regulator about misconduct they have engaged in with others and are prepared to co-operate on investigations and court action... Read More...
Adviser body wants clarity over ‘advice’ description 1 March 2021 The Advisers Association says today it is “potentially misleading” to label financial product information as “advice” when it is not... Read More...
Financial services ‘will see surge in gig workers’ 1 March 2021 As much as a fifth of the work of financial services firms is likely to be done by gig workers by 2026, driven by a need for digitally skilled talent at insurers and banks, a new PwC report says... Read More...
Industry unites to address climate change threat 1 March 2021 Industry think-tank The Geneva Association has launched a working group to develop climate risk assessment methodologies and tools for the insurance sector... Read More...
Results in focus: earnings season spotlights premium gains, BI uncertainty 1 March 2021 Rising premiums are set to remain a positive for insurance companies for some time yet while business interruption claims uncertainty is still a cloud over the industry as legal battles continue and COVID-19 concerns persist, the latest earnings reporting season shows... Read More...