Bhatia set to start at QBE
29 January 2018
QBE’s new Australian and New Zealand Operations CEO Vivek Bhatia will start work in the company’s Park Street office in Sydney on Thursday…
Corporate
IAG adds reinsurance to quota share deals
29 January 2018
IAG has finalised an $8 billion catastrophe reinsurance program for this year, after entering into new quota share agreements to reduce its risk and spread exposure…
Hailstorm pushes Suncorp past H1 catastrophe allowance
29 January 2018
Claims from a hailstorm in Melbourne last month have pushed Suncorp above its first-half allowance for natural catastrophes and are likely to have a financial impact of $160-170 million…
IAG outsourcing move will cut 141 NZ jobs
29 January 2018
IAG New Zealand will shed 141 jobs under an “operational partnering project” to relieve cost pressures and stay competitive…
WTW joins forces with Steadfast in Tasmania
29 January 2018
Willis Towers Watson’s Hobart office has become part of Steadfast Taswide Insurance Brokers…
Ausure buys Wollongong broker
29 January 2018
Ausure has acquired a 50% stake in Wollongong-based Abico Insurance Brokers, increasing its presence in rural NSW…
New Chubb regional chief takes reins
29 January 2018
Jarrod Hill takes over this week as Chubb Country President of Australia and New Zealand, following John French’s appointment as Senior VP, Head of Broker Distribution for Asia-Pacific…
PSC buys Victorian, ACT broking businesses
29 January 2018
PSC Insurance Group has bought broking businesses in Melbourne and Canberra and flagged more acquisitions in coming months…
AM Best affirms ratings on Hollard
29 January 2018
Hollard Insurance Company has retained its financial strength rating of A- and long-term issuer credit rating of a- with AM Best…
QBE poaches Allianz exec for new SME role
29 January 2018
QBE has hired Aaron Gavin to take the newly created role of Head of SME for its Australian and New Zealand operations, as the insurer looks to grow in this segment…
Vero extends YBR tie-up
29 January 2018
Vero has entered a five-year deal to offer insurance products to clients of financial advisory group Yellow Brick Road…
QBE makes $132 million class action settlement
29 January 2018
QBE will pay $132.5 million to settle a class action instigated after the group’s share price plunged following a profit warning in 2013…
Rivers grows through Premier merger
29 January 2018
Rivers Insurance Brokers has taken a key step in its five-year strategy to double in size, securing a merger with Brisbane-based Austbrokers Premier…
NZ Steadfast brokers merge
29 January 2018
Steadfast New Zealand network members Abbott Insurance Brokers and IC Frith and Associates have merged…
JLT Re picks new Asia-Pacific CEO
29 January 2018
Reinsurance broker JLT Re has appointed Jeremy Fox as its Asia-Pacific CEO…
QBE offers standalone drone cover as usage takes off
29 January 2018
QBE has introduced dedicated drone insurance to meet rising demand as the commercial use of remotely piloted aircraft increases…
RACV rolls out single-item cover
29 January 2018
RACV Insurance has produced single-item cover for valuable possessions such as laptops, tablets, phones and gaming consoles…
Cover-More acquires data analytics group
29 January 2018
Zurich-owned travel insurer Cover-More has acquired a majority stake in data analytics company FitSense…
Claim Central heads to North America
29 January 2018
Digital claims management business Claim Central has expanded into North America and named former Aon partner Quin Netzel as MD to run its operations there…
Kogan adds pet cover in latest Hollard deal
29 January 2018
Listed online retailer Kogan.com will this year add pet cover to the range of insurance products it distributes through agreements with Hollard…