S&P ups IAG rating a notch to AA
18 December 2023
Credit rating agency Standard & Poor’s has raised its long-term financial strength and issuer credit ratings for IAG to AA from AA-...
Corporate
Johns Lyng joins Tower panel
18 December 2023
Johns Lyng has clinched its first agreement with a national insurer in New Zealand, signing on to provide building repair services as part of Tower’s panel...
AUB enters equity partnership with MexBrit/Forte Group
18 December 2023
AUB Group has entered into a partnership with US-based MexBrit/Forte Group following the Tysers acquisition to better support risk placement from brokers in Latin America...
RACQ ‘committed’ to insurance business
11 December 2023
RACQ is “committed” to its general insurance business, the Queensland motoring club said, after the loss-making division returned to profitability in the last financial year...
Penny James appointed to QBE board
11 December 2023
The QBE Group board has appointed Penny James Independent Non-Executive Director, effective from January...
RACQ Insurance stops offering ridesharing cover
11 December 2023
RACQ Insurance is ceasing to offer cover for rideshare vehicles due to a higher rate of claims related to the transport service...
Gallagher Bassett analyses customer calls with sentiment tool
11 December 2023
Claims manager Gallagher Bassett has been implementing setiment analysis tools to evaluate the quality of customer calls...
New Zealand consultancy rebrands as Halliwell Fire Research
11 December 2023
Auckland-based consultancy Fire Research Group has changed its name to Halliwell Fire Research...
Ivory Insurance granted general insurance licence
04 December 2023
The Australian Prudential Regulation Authority has licensed Brisbane-based Ivory Insurance to operate as a general insurer...
CGU launches ‘Broker Love’ strategy
04 December 2023
IAG’s Intermediated Insurance Australia division has launched a new initiative to transform its relationships with broker partners...
Marsh closes Honan acquisition
04 December 2023
Former Honan Insurance Group CEO Andrew Fluitsma has commenced as Marsh’s Pacific Head of Corporate and Commercial...
Resilium Partners acquires Canberra AR
04 December 2023
Envest Group-owned subsidiary Resilium Partners has acquired JV Business Insurance in Canberra...
Tower appoints Goldman Sachs to review ownership
04 December 2023
New Zealand insurer Tower is undertaking a strategic review of its ownership structure to optimise its capital structure and explore market competitiveness options...
AUB acquires stake in Claim Central Group
04 December 2023
Claim Central Group says AUB has become a new investor and its representatives will join the board following recent capital raising activities...
Suncorp NZ names senior leadership appointment
04 December 2023
Suncorp New Zealand has announced Suraiya Phillimore-Smith as its new Chief Customer Officer from March 4 next year...
Zurich completes OnePath General Insurance transfer
04 December 2023
The transfer of OnePath General Insurance to Zurich’s Australian business has been completed, after the Federal Court last month confirmed the scheme to facilitate the process...
Suncorp to appoint Gillian Brown to board
04 December 2023
Suncorp will appoint Brisbane-based Gillian Brown to the board, effective late February, following the retirement this month of Doug McTaggart...
QBE upbeat on ‘supportive’ rate environment
27 November 2023
QBE achieved third-quarter gross written premium growth of 7% on the prior corresponding period, and group-wide renewal rate increases averaged 9.6%, the insurer said today in a Q3 performance update...
Emergence appoints Gary Dransfield as Chairman
27 November 2023
Cyber specialist underwriting agency Emergence has appointed former Suncorp senior executive Gary Dransfield as Chairman...
Tower combined ratio hits 101% on large event costs
27 November 2023
New Zealand insurer Tower says its annual large event costs reached $NZ55.6 million, up from $NZ19 million a year earlier...