Genworth first-half profit drops
07 August 2017
Genworth Mortgage Insurance’s first-half net profit fell 34.7% to $88.7 million, reflecting lower sales and revenue…
Corporate
Tower ‘can survive’ without Vero deal
07 August 2017
New Zealand’s Commerce Commission has released the detailed reasoning for its decision to block Vero’s acquisition of Tower, saying there are other viable options for the target group…
Guy Carpenter names regional CEO, Chairman
07 August 2017
Tony Gallagher has been promoted to CEO of Guy Carpenter Asia-Pacific, and Richard Jones is the new regional Chairman…
Allianz fills senior marketing, risk roles
07 August 2017
Nick Adams has been appointed Chief Market Manager at Allianz, while Lori Callahan will replace Noeline Woof as Chief Risk Officer when she retires in November…
Ando partners with Claim Central
07 August 2017
New Zealand underwriting agency Ando says it will use Claim Central Consolidated’s ClaimLogik technology to “revolutionise” its property claims process…
Lockton exec tales on leadership role
07 August 2017
Lockton Companies Australia has appointed Paul Marsden as CEO, effective immediately…
IAG finalises licence consolidation
07 August 2017
IAG has completed the consolidation of its nine Australian general insurance licences into two…
IAG opens Sydney innovation hub
31 July 2017
IAG has opened its “innovation incubator” in Sydney as it continues to push customer-led and data-driven growth…
Ex-SRS owners sue Gallagher over payout
31 July 2017
The six former owners of an underwriting agency acquired by Arthur J Gallagher in 2012 are suing the global broker, claiming $3.6 million plus interest in a dispute over a final payment…
Tower must ‘find new backer or fold’
31 July 2017
Tower needs to find a new financier after New Zealand’s Commerce Commission declined Vero’s application to acquire the insurer, according to an industry expert…
Pricing growth lifts AJG in Australia, NZ
31 July 2017
Arthur J Gallagher says its Australian and New Zealand businesses achieved organic growth of more than 4% in the second quarter, as prices improved…
JLT’s local operations increase revenue
31 July 2017
JLT’s risk and insurance business in Australia and New Zealand earned revenue of £69.3 million in first half, up 12% on the corresponding period last year…
Honan adds technology division, revamps leadership
31 July 2017
Honan Insurance Group has created a technology division to be led by Nathaniel Barrs, as part of wider changes to its strategy and leadership team…
Tokio Marine adds cyber to Australian product line-up
31 July 2017
Tokio Marine & Nichido Fire Insurance has developed a cyber product for the Australian market…
Online retailer enters insurance space with Hollard
31 July 2017
Listed online retailer Kogan.com will start selling home and other personal insurance products under a three-year partnership with Hollard…
Brooklyn expands into Melbourne, Brisbane
31 July 2017
XL Catlin-owned Brooklyn Underwriting has opened offices in Melbourne and Brisbane…
AM Best affirms Youi NZ ratings
31 July 2017
AM Best has affirmed Youi NZ’s financial strength rating of B++ and long-term issuer credit rating of BBB, with the outlook as stable…
New CEO vows to build on Pen’s strengths
24 July 2017
Incoming Pen Underwriting Australia CEO Ken Keenan aims to “create value in new and interesting ways” when he takes over on January 1…
IAG focuses on speed with united Australia unit
24 July 2017
IAG’s decision to unite its Australian businesses into one division will accelerate decision-making processes in the company, CEO Peter Harmer says…
PSC buys WA, Queensland brokers
24 July 2017
PSC Insurance Group has bought two broking companies and invested in a technology-driven planning business, as it continues to pursue acquisitions…