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Breaking News

Ben Bessell to leave IAG

21 January 2020

Group Executive Ben Bessell will leave IAG at the end of March, the insurer announced today...

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Underinsurance fears flagged as bushfire losses hit $1.34 billion

14 January 2020

Insurance industry sources have warned that significant numbers of bushfire-affected homeowners could be underinsured, and that the issue could develop into a political storm...

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Zurich ends agreement with Blue Zebra

13 January 2020

Blue Zebra is exploring opportunities with South African owned insurer Youi, after Zurich announced it will cease providing security for the underwriting agency...

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Gallagher brings in Katherine Simmonds as Head of Corporate

13 January 2020

Gallagher Australia has appointed Katherine Simmonds, most recently with Willis Towers Watson, as Head of Corporate...

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Bushfire losses set to pass $1 billion

10 January 2020

Insured losses from the ongoing bushfire catastrophe which has devastated areas of NSW, Victoria, Queensland and SA have reached $939 million, and are still rising...

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Bushfire crisis: insurers meet Treasurer as losses hit $700 million

7 January 2020

A general insurance industry delegation met Federal Treasurer Josh Frydenberg today to discuss the response to the ongoing bushfire catastrophe...

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Townsend leaves AIG

7 January 2020

AIG’s International General Insurance CEO Chris Townsend has left the company to pursue other opportunities...

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AUB drops Coverforce takeover plan

9 December 2019

AUB has abandoned its plan to acquire Coverforce Holdings after failing to gain access to key documents required to finalise the deal...

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AIG names new Australia CEO

8 November 2019

AIG has appointed Fairfax Financial executive Nigel Fitzgerald as CEO Australia, taking over from Noel Condon who will leave the business...

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Former Dual claims manager gets 9.5 years' jail

18 October 2019

Former Dual Australia claims manager Josie Gonzalez has been sentenced to 9.5 years in jail and her husband Alvaro to 7.5 years for defrauding the underwriting agency of $17.4 million...

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Suncorp appoints Steve Johnston Group CEO

9 September 2019

Suncorp has named Steve Johnston as Group CEO following the departure of Michael Cameron in late May...

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AUB says its buying Coverforce, but management says its not for sale

2 August 2019

AUB Group says it intends to acquire Coverforce Holdings after reaching agreement with the brokerage’s private equity investor Pemba Capital Partners…

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AUB resets AIMS mission after IBNA exit

29 July 2019

AUB Group has announced a restructure of AIMS, its former joint venture between Austbrokers and independent broking group IBNA...

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Allianz strikes gold at Mansfields

26 July 2019

Allianz Australia has won the Gold Mansfield Award for excellence in claims-handling for the second year in a row...

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Chubb unveils new division, key appointments

25 July 2019

Chubb has set up a new small commercial and mid-market division, to be headed by former Calibre CEO Mike Hooton, as it reports rapid growth in SME business.

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PSC buys Griffiths Goodall brokerage

9 July 2019

PSC Insurance Group will buy the broking business of Shepparton-based Griffiths Goodall, which was the target of an Australian Securities and Investments Commission raid earlier this year...

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Jury finds Josie and Alvaro Gonzalez guilty of Dual fraud

4 July 2019

A jury today returned a guilty verdict in the $17.4 million Dual fraud trial involving the underwriting agency’s former national claims manager Josie Gonzalez and her husband Alvaro…

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Allianz to exit Australia and NZ long-tail risks

3 July 2019

Allianz Global Corporate & Specialty will cease underwriting long-tail financial risks in Australia and New Zealand from September following a strategic review of the business...

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Tokio Marine buys IAG specialist agency

2 July 2019

IAG has sold its Accident and Health International Underwriting agency to Tokio Marine Management...

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IBNA quits AIMS to join Steadfast

26 June 2019

The Insurance Brokers Network of Australia – part of the AIMS joint venture – is splitting up with Austbrokers and moving across to the Steadfast network...

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