QBE expects GWP slowdown, improved combined operating ratio
19 February 2024
QBE has forecast gross written premium growth will slow this year to “mid-single-digit” gains, while the company expects an improved combined operating ratio...
Corporate
Agile syndicate set for April launch
19 February 2024
Agile Underwriting’s new syndicate will “shorten the chain” between Australian brokers and Lloyd’s specialty expertise, sources say...
Costigan leaves SafetyCulture Care
19 February 2024
SafetyCulture Care MD Frank Costigan has left the risk mitigation-focused underwriting agency, as it looks to expand in the US...
Ausure expands in regional Victoria
19 February 2024
Ausure Insurance Services has launched a new venture in Mildura to service northwest Victoria...
Tower upbeat on earnings outlook
19 February 2024
Tower may outperform expectations this financial year after strong trading results in the first four months, the New Zealand insurer says...
Our Ark mutual hits century
19 February 2024
Discretionary mutual Our Ark has signed up its 100th member three years after its launch in December 2020, and now protects about $2.5 billion of assets across the country...
Battleface partners with insurance.com.au on travel cover
19 February 2024
Travel insurer Battleface says customers of insurance.com.au, which is part of Steadfast Group, will be able to seamlessly customise their cover under a new partnership...
Everest eyes Australian growth
12 February 2024
New York-listed Everest Group is looking to grow its Australian presence, President and CEO Juan Andrade told a fourth-quarter earnings call last week...
Generali subsidiary lands Flight Centre deal
12 February 2024
Europ Assistance will offer insurance to Flight Centre leisure customers in Australia, New Zealand, Canada, the US and Britain under a new partnership...
Crisis-hit CCI reports net loss
12 February 2024
Catholic Church Insurance recorded a net loss of $274.2 million last financial year as it entered run-off...
Envest trio join forces
12 February 2024
Envest businesses Fitzpatrick & Co Insurance Brokers, Arete Risk & Insurance Solutions, and Amicus Insurance Services will merge to create an operation with more than $260 million in gross written premium and more than 130 staff...
IAG NZ announces board additions
12 February 2024
IAG New Zealand has appointed three new non-executive directors, adding Michele Embling, Rachel Walsh and Scott Pickering to its board...
Natural hazards cost Suncorp $568 million in first half
05 February 2024
Suncorp has estimated first-half natural hazard event costs at $568 million following six significant events, and has announced a $107 million reserve strengthening spread across several portfolios because of external challenges facing the industry...
IAG places catastrophe reinsurance
05 February 2024
IAG says it has placed its catastrophe reinsurance program for this calendar year amid a stabilisation in the global market...
Lloyd’s local leader steps up to regional role
05 February 2024
Lloyd’s Regional Head of Australia and New Zealand Chris Mackinnon will broaden his horizons in a new role as Regional Director for the Asia-Pacific, Middle East and Africa markets...
Three Envest agencies to merge
05 February 2024
Underwriting agencies Epsilon, Wellington and Aster say they will be “stronger together” after announcing a merger...
Horse-trading Howden buys bloodstock brokerage
05 February 2024
Howden has acquired bloodstock specialist broker Silks Insurance as it continues its expansion into the equine market...
Helia Chairman to step down
05 February 2024
Lenders’ mortgage insurer Helia Group’s Chairman Ian MacDonald will retire from the board at the end of his term in May...
Chubb pulls plug on Home product, tells brokers in business update
18 December 2023
Chubb will no longer offer its Home product in Australia from March 1, the insurer told its intermediary partners last week in a business update, citing difficult market conditions...
Home, landlord commissions cut as industry acts on losses
18 December 2023
Hollard has cut broker commissions for home and landlord products while QBE has confirmed it will reduce the maximum commission rate for its home offerings sold through the Steadfast Client Trading Platform...