Zurich puts commercial motor on comparator site
20 February 2017
Zurich commercial motor policies will be made available on iSelect’s comparison website, with the Swiss insurer looking to add more general insurance offerings later…
Corporate
IAG sets up Singapore insurtech hub
20 February 2017
IAG is to open an insurtech innovation hub in Singapore under plans to partner with start-ups and emerging businesses on new products and services…
Willis Towers Watson buys actuarial business
20 February 2017
Willis Towers Watson is to buy Russell Investments’ Australian actuarial practice for an undisclosed sum…
IAG plays down India expansion talk
20 February 2017
IAG has denied it is close to raising its stake in a major Indian general insurance operation…
Tower rating under review as Fairfax takeover looms
20 February 2017
AM Best has placed Tower Insurance’s A- financial strength rating under review after parent company Tower Ltd agreed to Fairfax Financial Holdings’ $NZ197 million acquisition bid…
Custodian still working after sale falls through
20 February 2017
Custodian Underwriting Agency director Peter Hand says the business intends to continue operating after interest from potential buyers did not lead to a deal…
Chubb expands GPA offering
20 February 2017
Chubb New Zealand has updated its group personal accident cover, which lets employers in all industries offer staff protection against death or injury losses.
General insurance buoys iSelect earnings
20 February 2017
iSelect’s general and life insurance business generated $14.4 million in operating revenue for the half-year to December 31, up 8% on the corresponding period of 2015…
Suncorp reports rising profits
13 February 2017
Suncorp has reported net income of $537 million for the six months to December 31, up 1.32% on the corresponding period in 2015…
IAG restructures commercial division
13 February 2017
IAG has reviewed its Australian Business Division under a drive to increase agility and enable growth…
Fagen dropped as ICA president
13 February 2017
Colin Fagen, the QBE group COO whose 17-year career with the company came to an abrupt end last week, has been removed as president of the Insurance Council of Australia…
Cover-More’s US expansion pays off
13 February 2017
Cover-More’s net profit grew 5.4% to $8.6 million in the half-year to December 31, bolstered by its expansion into the US market and improved margins in Australia…
Tower speeds up ‘strategic transformation’
13 February 2017
Loss-making New Zealand insurer Tower is accelerating the pace of its “strategic transformation” after Friday’s announcement of a $NZ197 million takeover by Canada’s Fairfax Financial Holdings…
Winley liquidator searching for creditors
13 February 2017
The liquidator handling the affairs of collapsed Perth authorised representative network Winley Insurance Group has asked creditors to get in touch…
Finity and Nielsen team up on customer analytics
13 February 2017
Actuarial consultant Finity and global market research company Nielsen have formed an alliance to provide more insights into customer purchasing patterns…
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…
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…