Sedgwick appoints COO Australia
23 October 2023
Loss adjuster Sedgwick has named Derek Roberts as Chief Operating Officer for its Australia business, replacing Tracey Harris...
Corporate
RAA Insurance hit by record claim payouts after flooding, storms
23 October 2023
RAA Insurance posted a $53.9 million net loss for the year to June 30 despite revenue of $807 million...
Deposit Power gains agreement with HDI Global Specialty
23 October 2023
Deposit Power, a provider of deposit bonds for home purchases, says it has secured an agency agreement with HDI Global Specialty amid rising demand for the product...
IAG ‘on track’ amid inflation, reinsurance headwinds
16 October 2023
IAG has affirmed its full-year earnings guidance despite ongoing inflation pressures and a reinsurance cost impact following the natural disasters in New Zealand...
Tower lifts profit guidance
16 October 2023
Tower says underlying net profit for the financial year just ended came in between $NZ7 million-to-10 million, including large events costs estimated at $NZ38 million...
Former WTW exec returns to lead NZ business
16 October 2023
Incoming WTW New Zealand head Jill Comley-Forbes will start in January, taking over from Michael Brown who is moving to a newly created client-facing leadership role...
AMA opens large Gold Coast repair site
16 October 2023
AMA Group has opened a new site on the Gold Coast, bringing together three repair centres under a new AMA Collision brand...
Steadfast positions for US growth with ISU acquisition
09 October 2023
Steadfast has expanded into the US insurance market with the $US55 million acquisition of independent insurance broker network ISU Group...
Envest acquires majority stake in fleet underwriter
09 October 2023
Envest Group has announced it has purchased a majority stake in Queensland-based motor underwriter Insuret...
IAG names London-based executive as CFO
09 October 2023
London-based William McDonnell will move to Sydney and take up the role of IAG CFO later this year...
Marsh swoops to hire AIG’s NZ chief
09 October 2023
Marsh McLennan has appointed AIG CEO Toni Ferrier to take over responsibility for the business in New Zealand from January 1...
QBE appoints non-executive director to group board
09 October 2023
QBE has announced Steve Ferguson will join its group board as an Independent Non-executive Director from November 1...
Youi eyes talent pool in Brisbane move
09 October 2023
Youi has announced it will open a new office in Brisbane’s CBD in December as it continues to expand its operations in Australia...
Suncorp Bank CEO to depart, tribunal sale hearings expected
02 October 2023
Suncorp’s bank CEO Clive van Horen is set to leave the company before Christmas to take up a role in the superannuation sector, while an Australian Competition Tribunal hearing on the sale of the bank business to ANZ will take place in December...
Youi drops aggregate cover on hardening reinsurance prices
02 October 2023
Youi has responded to rising reinsurance cost, dropping a form of cover known as aggregate natural perils treaties in its catastrophe program for this financial year...
Austbrokers Comsure acquires Brisbane brokerage
02 October 2023
Austbrokers Comsure has acquired CE McDonald Insurance Brokers, taking gross written premium to more than $150 million a year...
Date set for Ensurance shareholders to vote on PSC offer
02 October 2023
Ensurance shareholders will vote in November on whether to accept a takeover offer from PSC Insurance Group, which is proposing to acquire the underwriting agency via a scheme of arrangement...
AMA sees ESG benefits from recycling vehicle parts
02 October 2023
Encouraging the use of recycled parts in collision repairs covered by insurers could help support companies’ environmental goals, AMA Group Supply Division EGM Adam O’Sullivan says...
Tower places new catastrophe reinsurance
02 October 2023
Tower has purchased a year of reinsurance cover which includes two catastrophe losses up to $NZ750 million, and cover for a third catastrophe event up to $NZ75 million...
NZ court delivers not guilty verdict on former CBL executives
25 September 2023
The New Zealand High Court has found former CBL Insurance CEO Peter Harris and former CFO Carden Mulholland not guilty on criminal charges...