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Breaking News

IAG offloads operations in Thailand, Indonesia

19 June 2018

IAG has agreed to sell its operations in Thailand and Indonesia to Tokio Marine & Nichido Fire Insurance Co for about $525 million, and will also exit Vietnam in a separate deal after earlier this year announcing a review of its Asian businesses…

Suncorp Chairman Ziggy Switkowski to retire

19 April 2018

Suncorp Chairman Ziggy Switkowski will retire from the board after the annual general meeting on September 20, with Christine McLoughlin to take over the role…

JLT hits back at council class action threat

17 April 2018

JLT has rejected suggestions that local councils should pursue a class action over premium levels paid for cover provided through mutual schemes administered by the company...

QBE unveils senior management shake-up

11 April 2018

QBE says Group CFO Michael Ford is leaving the company and the top finance role will be filled by Inder Singh, currently Australian and New Zealand CFO, as part of wider senior management changes…

Axa seals $19.7 billion takeover

05 March 2018

Bermuda-based global insurer XL Group is to be acquired by French insurer Axa to create what it says will be the leading global property & casualty commercial insurer…

CBL enters interim liquidation

26 February 2018

Troubled New Zealand-based global insurer CBL has been placed into interim liquidation by the High Court of New Zealand…

Ex-QBE chiefs launch agency

13 February 2018

Former QBE senior executives Colin Fagen and Blair Nicholls have teamed up to launch a new underwriting agency they say will bring brokers back into the personal lines market…

Aon names a new CEO for Australia

12 February 2018

Aon Risk Solutions Australia announced this afternoon that its next CEO will be James Baum, who is currently its Commercial MD and Aon Broking Pacific Chairman…

QBE revamps intermediary team

07 February 2018

QBE has appointed two GMs to its intermediary distribution leadership team, and created two new portfolios…

QBE expects $US1.2 billion loss for 2017

23 January 2018

QBE expects an after-tax loss of $US1.2 billion ($1.5 billion) for 2017 after writedowns on its North American business and the impact of fourth-quarter catastrophes, and new CEO Pat Regan has flagged an overhaul…

QBE recruits icare chief

10 January 2018

QBE has recruited Insurance & Care NSW (icare) MD and CEO Vivek Bhatia as its CEO Australian and New Zealand Operations…

Government backs mitigation in premium taskforce response

19 December 2017

The Federal Government says it will pursue reforms to place downward pressure on premiums through accountability and transparency, outlining the plans in a formal response to the Northern Australia Insurance Premiums Taskforce and this year’s Senate inquiry…