Allianz announces sale of Hunter
20 December 2024
Allianz Australia has agreed to sell its Hunter Premium Funding business to private equity investor Pemba Capital Partners, as it aims to focus on its core insurance operations...
Breaking News
Allianz to buy RAA insurance business
02 December 2024
Allianz Australia has struck a $642 million deal with SA motoring group RAA that includes the acquisition of its insurance business and a 20-year distribution agreement...
IAG to buy RACQ underwriting business
28 November 2024
IAG will acquire 90% of the RACQ insurance underwriting business, with an option to buy the remaining 10% in two years, under an $855 million deal announced today...
Flood probe final report makes raft of recommendations
18 October 2024
The parliamentary floods inquiry has made 86 recommendations in a final report released today, including strengthening regulation and the industry code of practice, and considering a “government-supported reinsurance arrangement” for high-risk properties...
Envest reveals leadership changes after PSC acquisition
15 October 2024
Envest has outlined organisational and leadership changes following the completion of Ardonagh’s acquisition of PSC Insurance Group...
‘We are not unethical’: Steadfast hits back after ABC strata show
10 September 2024
Steadfast Group has released a statement rejecting allegations featured in the ABC’s Four Corners investigation into the strata industry...
Insurance House ARs to switch to CBN
24 July 2024
Insurance House authorised representatives are set to move to Community Broker Network as part of a new strategic partnership between the two Steadfast-owned businesses...
Allianz cops $50,000 penalty for 'significant' code breach
07 June 2024
Allianz has been ordered to pay a community benefit payment of $50,000 for a code of practice breach, in the first such financial sanction imposed on an insurer by the governance committee...
Ardonagh to buy PSC Insurance Group for $2.3 billion
08 May 2024
UK-based Ardonagh has announced it plans to buy PSC Insurance Group for an implied equity value of $2.26 billion...
icare CEO Richard Harding resigns
10 April 2024
NSW state-owned insurer icare has announced CEO Richard Harding has resigned and will leave the organisation in October...
NIBA names new CEO
18 March 2024
The National Insurance Brokers Association has appointed Richard Klipin as CEO, as Phil Kewin departs the role...
PSC confirms discussions over potential takeover
13 March 2024
PSC Insurance Group says it has received “multiple strategic approaches” and is taking part in discussions that “may or may not lead to an offer being made for PSC”...
Lloyd’s Australia names new leadership line-up
21 February 2024
Lloyd’s has appointed new leaders to run its business here as Regional Head of Australia and New Zealand Chris Mackinnon prepares to take up an expanded role in Singapore on April 1...
Suncorp wins appeal over bank sale to ANZ
20 February 2024
Suncorp has won its appeal over the planned $4.9 billion sale of its bank to ANZ, with a decision in the two companies’ favour handed down by the Australian Competition Tribunal this morning...
Agile set to launch Australian-led Lloyd’s syndicate
15 February 2024
Australian underwriting agency Agile has been given the go-ahead to establish its own Lloyd’s syndicate, insuranceNEWS.com.au understands...
NIBA CEO Phil Kewin set to depart in April
10 January 2024
The National Insurance Brokers Association says CEO Phil Kewin has resigned from the role and will leave the organisation in April...
Steadfast to acquire Queensland specialist Sure Insurance
16 November 2023
Steadfast has announced it will acquire a 70% equity interest in Queensland underwriting agency Sure Insurance for a deal including an upfront cash payment of $148.8 million...
NSW to ditch current insurance-funded Emergency Services Levy
16 November 2023
The NSW Labor Government says the state’s insurance-funded Emergency Services Levy is inefficient and unsustainable and it plans to ditch current arrangements and introduce a fairer system...
ANZIIF selects former politician as new CEO
20 October 2023
The Australian and New Zealand Institute of Insurance and Finance has appointed former New Zealand politician Katrina Shanks as its next CEO...
Steadfast expands into the US with acquisition
06 October 2023
Steadfast says it has acquired ISU Group, one of the largest privately owned independent insurance agency networks in the US, for $US55 million...