Genworth earnings slide as GWP slumps
13 February 2017
Genworth Mortgage Insurance Australia says gross written premium fell 24.8% last year, and it warns of further deterioration this year in a difficult business environment…
Corporate
Travel product targets professionals, small business
13 February 2017
A product designed to make travel insurance cheaper for professionals, small businesses and self-managed superannuation funds will be launched in Australia this week…
AIG ratings drop doesn’t apply to local operation
06 February 2017
AIG Australia has reassured the Australian and New Zealand industry that S&P Global’s decision to downgrade its parent’s debt rating to BBB+ from A- will not affect its local ratings…
Landmark acquisition not the last, Marsh says
06 February 2017
Marsh Advantage Insurance says it is looking to further expand its authorised representative network following the deal with rural and financial services provider Landmark…
Winley left with ‘zero assets’
06 February 2017
Collapsed Perth authorised representative network Winley Insurance Group has no assets left to pay creditors, according to a liquidator’s report…
NZ CEO leaves Allianz
06 February 2017
Allianz has parted ways with its New Zealand CEO Eugene Elisara, confirming he has “ceased employment” with the insurer…
IAG NZ, Tower start court action over EQC valuations
06 February 2017
IAG New Zealand and Tower Insurance are taking High Court action against the Earthquake Commission over the calculation of settlements for increased liquidation vulnerability following the Canterbury quakes…
Gallagher picks up Brisbane advisory firm
06 February 2017
Arthur J Gallagher has acquired financial services advisory firm Complete Financial Balance…
IAG gets Smart on marketing
06 February 2017
IAG has appointed former Saatchi & Saatchi CEO Brent Smart to the new role of Chief Marketing Officer…
Western Pacific liquidators wait on reinsurance payout
06 February 2017
The liquidators of failed New Zealand insurer Western Pacific are still waiting for $NZ12.4 million in reinsurances payments…
Oracle names new MD
06 February 2017
Perth-based broker Oracle Group has appointed Steve Campbell as MD, succeeding industry veteran Graeme Dorrell, who will continue to manage the nationwide authorised representative base…
Rothbury takes stake in advisory group
06 February 2017
New Zealand’s Rothbury Insurance Brokers has acquired a 19.5% stake in Lifetime Group, a financial advisory network handling insurance and other financial matters…
Ensurance appoints company secretary
06 February 2017
Ensurance has appointed CFO Samir Hallab as Company Secretary, replacing joint secretaries Jay Stephenson and Julia Becket…
QBE dismisses Allianz takeover reports
30 January 2017
QBE has rejected speculation it is considering a takeover offer, after a German newspaper reported Allianz is targeting the group in a $20 billion deal…
Suncorp sells Autosure ahead of financial results
30 January 2017
The $NZ34 million sale of Suncorp’s New Zealand motor insurance business Autosure will help offset impacts from earthquake claims before the release of its half-year results next week…
IAG secures $7 billion reinsurance
30 January 2017
IAG has finalised catastrophe reinsurance protection for losses up to $7 billion this year, locking in cover similar to last year’s program…
Ensurance positions for EU breakthrough
30 January 2017
Broker and insurance technology group Ensurance is confident its new London-based underwriting agency will be the catalyst for success in the European market…
NZ court fines Youi for sales misconduct
30 January 2017
Youi has been fined $NZ320,000 in the Auckland District Court for engaging in unscrupulous sales practices between July 2014 and February last year…
W+K joins global law firm alliance
30 January 2017
Sydney-based law firm Wotton + Kearney has joined forces with major insurance law firms in Germany, the UK and the US to “meet the legal needs of the growing multinational insurance market”…
Centrepoint finalises funding business sale
30 January 2017
Centrepoint Alliance has completed the sale of its premium funding business to Bank of Queensland for $20 million…