CBL stays in administration with creditors deadlocked
21 May 2018
Creditors of CBL Corporation will meet again no later than July 2 to decide the New Zealand insurer’s future, after last Friday’s meeting ended in a voting stalemate…
Corporate
Allianz local operation returns to profitability
21 May 2018
Allianz Australia made a first-quarter operating profit of €58 million, results from the German parent company show…
Blue Zebra secures financial services licence
21 May 2018
New underwriting agency Blue Zebra, which aims to bring personal lines back to brokers, has obtained its Australian financial services licence…
Work starts on new Zurich HQ
21 May 2018
Development of Zurich’s new Australian headquarters – a 25-storey tower at 118 Mount Street in North Sydney – has started…
Sydney insurtech teams with Euler Hermes on trade cover
21 May 2018
Insurtech Factfin has partnered with Allianz-owned trade credit insurance company Euler Hermes to develop a platform to better assess businesses’ default risks…
CBA jumps on board with Cover-More
21 May 2018
Zurich-owned travel insurer Cover-More has teamed up with the Commonwealth Bank to cover credit card and retail customers…
Administrators back winding up CBL
14 May 2018
Voluntary administrators say placing CBL Corporation into liquidation is the best option for creditors…
Ex-Gallagher chief takes reins at BMS
14 May 2018
Andrew Godden has been appointed CEO of specialist insurance broker BMS Group’s Australian arm…
Hannover Re, HDI to launch speciality JV next year
14 May 2018
HDI Global and Hannover Re have established a specialty joint venture that will begin operating at the start of next year in countries including Australia…
Ensurance steps up UK expansion, eyes sale of local business
14 May 2018
Ensurance will direct more resources to growing its UK operations and part with its local retail brokerage business, as part of a new strategy…
Genworth maintains forecast as housing market eases
14 May 2018
Lenders’ mortgage insurer Genworth has maintained its earnings outlook amid signs of a softening housing market, as it pursues a strategy to widen its risk management offering…
Westpac reports GI earnings increase
14 May 2018
Westpac’s general insurance business has reported $133 million in cash earnings for the half-year to March, up from $117 million in the corresponding period of 2016…
Cargill farm insurer offers frost, crop failure cover
14 May 2018
AWB, a subsidiary of Cargill Australia, has introduced cover for frost and crop establishment failure, in response to growing demand from broadacre farmers…
NZ insurer hit with credit rating downgrade
14 May 2018
AM Best has lowered its credit rating for New Zealand niche insurer Consumer Insurance Services…
Nautilus app aims to assist boat owners
14 May 2018
Nautilus Marine Insurance has launched an app to help boat owners locate and compare quotes for repairers, marina berths, fuel suppliers and other information they may need…
Hooton leaves as Hollard absorbs Calibre
07 May 2018
Calibre Insurance CEO Mike Hooton has left the company at the completion of a contract with Hollard Insurance…
QBE reports premium gains as it ‘tracks to plan’
07 May 2018
QBE says premiums gained about 4% in the first quarter, excluding compulsory third party, while investment conditions have been challenging…
Suncorp chief’s adviser to depart
07 May 2018
Suncorp’s Mark Reinke, appointed last year as an adviser to CEO Michael Cameron, will leave the company next month…
Genworth starts ‘transitionary year’ with profit slump
07 May 2018
Genworth Mortgage Insurance Australia has reported an 83.9% decline in first-quarter net profit and announced plans for a share buyback of up to $100 million…
PSC widens leadership role
07 May 2018
PSC Insurance Group has appointed COO Rohan Stewart as CEO with immediate effect…