Quota share deals temper business risk: IAG
11 December 2017
IAG’s new quota share agreements will remove nearly one-third of the group’s downside earnings risk, CEO Peter Harmer says…
Corporate
Cunningham Lindsey eyes enhanced service after takeover
11 December 2017
US-based Sedgwick Claims Management’s acquisition of global loss adjusting group Cunningham Lindsey is good news for Australian clients, Cunningham Lindsey CEO Asia-Pacific Damon Bennett says…
Steadfast raises $100 million through share placement
11 December 2017
Steadfast has raised $100 million through a share placement to institutions, providing funds for its purchase of Whitbread Insurance Group…
QBE unveils second insurtech venture
11 December 2017
QBE has announced an investment in UK-based start-up Cytora – its second commitment from a $US50 million insurtech fund…
Youi joins NSW CTP market
11 December 2017
Youi Insurance has announced its entry into the NSW compulsory third party (CTP) market, effective immediately…
AAMI pulls online quote system over security scare
11 December 2017
Suncorp has removed a trial online quote system for home and contents cover amid fears it could double as a burglar’s roadmap…
AUB secures $150 million facility for acquisitions
11 December 2017
AUB Group has entered into a $150 million syndicated loan facility with ANZ and St George Bank to fund acquisitions…
Assetinsure axes crop cover as take-up underwhelms
11 December 2017
Assetinsure has dropped its crop insurance product, blaming a slow farming sector and lack of government subsidies…
Allied names Australia manager
11 December 2017
Swiss-based Allied World has appointed Iain MacLeod as Country Manager, Australia, reporting to Asia-Pacific President Michael Garrison…
Claim Central opens Darwin office
11 December 2017
Digital claims management business Claim Central is stepping up its NT presence with a new office in Darwin…
Whitbread acquisition is a perfect fit, says Steadfast
04 December 2017
Steadfast says its decision to buy Melbourne-based Whitbread Insurance Group for $95 million offers “an excellent strategic and cultural alignment”…
AUB hails NZ broker acquisition
04 December 2017
AUB Group has announced an acquisition by an equity partner as its New Zealand expansion strategy gains momentum…
Gallagher sees ‘fresh opportunities’ with new acquisitions
04 December 2017
Gallagher has acquired NSW-based Connect Insurance Group and Tasmania’s Scope Insurance Brokers to expand its regional presence and product offerings…
AUB nabs bank exec for COO role
04 December 2017
NAB Head of Transformation Elyse Henderson has been appointed COO of the AUB Group, effective from January 22…
Brooklyn names new boss
04 December 2017
Brooklyn’s Partnerships Manager Tim Fairbrother has been appointed to the top role at the XL Catlin-owned underwriting agency…
Ex-iSelect manager takes charge at Arcadia
04 December 2017
Arcadia Underwriting Agency has hired Scott Wilford as CEO and director…
ASX refuses to end Stream share suspension
04 December 2017
The Australian Securities Exchange has rejected an application by troubled claims services group Stream to lift the suspension of its shares…
Suncorp to unveil Pitt Street store
04 December 2017
Suncorp will open its interactive retail store in Sydney’s Pitt Street Mall on Thursday next week…
AWP helps small businesses build cyber protection
04 December 2017
Allianz Worldwide Partners has introduced a cyber-protection assistance service for small business owners in Australia…
Allianz completes broker management appointments
27 November 2017
Allianz has finalised a leadership team revamp in a restructure of its broker and agency management division…