High Court rejects BI test case appeal application

25 June 2021

The High Court has today denied the Insurance Council of Australia’s application to appeal a judgment in the first test case on business interruption claim denials…

CBA sells general insurance business to Hollard

21 June 2021

Commonwealth Bank has agreed to sell its Australian general insurance business to Hollard in a deal involving an upfront payment of $625 million...

Ardonagh acquires local underwriting agency in global deal

27 May 2021

The UK’s Ardonagh Group has acquired Sydney-based underwriting agency Epsilon as part of a broader, globally significant deal announced today...

$10 billion cyclone reinsurance pool announced

04 May 2021

A cyclone reinsurance pool for northern Australia, backed by a $10 billion government guarantee, will be announced by Prime Minister Scott Morrison today...

Steadfast acquires majority stake in global broker group

19 April 2021

Steadfast has acquired a majority 60% stake in unisonSteadfast, a global network of independent insurance brokers based in Hamburg and Chicago...

IAG appoints top Australia, NZ executives

10 March 2021

IAG has appointed top executives for its Australian intermediated and direct businesses after last year announcing it was splitting the local division and introducing a new structure...

QBE names new Group CEO

03 March 2021

QBE has appointed Andrew Horton as its new permanent Group CEO, replacing interim chief Richard Pryce in September...

ICA announces launch of second business interruption test case

24 February 2021

Federal Court of Australia proceedings have commenced to test the application of “further issues” in relation to pandemic coverage in business interruption policies...

UK broking leader buys big stake in Resilium

16 February 2021

Authorised representative network Resilium has secured a strategic investment from Ardonagh Group, giving the UK’s largest independent insurance broker a majority stake in the business...

QBE appoints Sue Houghton Australia & Pacific CEO

02 February 2021

QBE Group has appointed Westpac insurance head Sue Houghton as its Australia and Pacific CEO, effective from August...

Howden, Steadfast enter broking partnership

14 January 2021

International group Howden will expand in Australia through a strategic broking partnership with Steadfast...

icare appoints Richard Harding as CEO

13 January 2021

NSW state insurer icare has appointed former Tower CEO Richard Harding as its new head, effective from Monday...

ACCC's final report urges broker commissions ban

30 December 2020

The Australian Competition and Consumer Commission has concluded its three-year inquiry into insurance affordability in northern Australia by calling for broker commissions to be replaced by a fee-based system...

Allianz buys Westpac insurance business

02 December 2020

Allianz has acquired the Westpac general insurance business in a $725 million deal that includes a 20-year agreement for distribution of products to the bank’s customers...

AUB announces 360 acquisition, agency restructure

01 December 2020

AUB Group has purchased 360 Underwriting Solutions and announced a restructure of the company’s agencies operations into three subdivisions...

Insurers respond to BI defeat: QBE warns of second case, IAG enters trading halt

19 November 2020

QBE says industry preparations are underway for a second test case over business interruption cover for COVID-19 claims after the NSW Court of Appeal yesterday ruled against insurers on wordings citing the repealed Quarantine Act…

BI test case ruling goes against insurers

18 November 2020

The NSW Court of Appeal has ruled against insurers in the business interruption test case heard last month...

IAG’s Milliner departs, CFO appointed in shake-up

02 November 2020

IAG will split its Australian business into direct and intermediated divisions in a shake-up that will see the departure of senior executive Mark Milliner, while the insurer has also confirmed the appointment of Michelle McPherson as CFO...

Steadfast acquires Gold Seal businesses

14 October 2020

Steadfast has purchased Gold Seal Practice Management and Gold Seal Intellectual Property, boosting its capabilities in compliance, training, customer experience and human resources management...

IAG names Nick Hawkins as CEO

21 September 2020

IAG has named Nick Hawkins as CEO following a recruitment process started after Peter Harmer said in April that he would retire by the end of the year...