Ansvar ratings affirmed despite claims volatility
24 June 2024
AM Best has affirmed Ansvar Insurance’s A- and a- credit ratings, with a stable outlook...
Corporate
MPs pass law to keep Suncorp HQ in Queensland after bank split
17 June 2024
Queensland has passed legislation to keep Suncorp’s head office in the state after the expected sale of its banking business to ANZ, with final clearance from federal Treasurer Jim Chalmers still awaited...
Allianz hit with code sanction after flood claim dispute
17 June 2024
Allianz has become the first general insurer to be hit with a financial sanction for a code of practice breach, with the issue relating to the handling of a claim from the February 2022 flooding catastrophe...
AMA Group chair, three directors resign
17 June 2024
AMA Group chair Caroline Waldron and three of the smash repairer’s directors have resigned after the company came under shareholder pressure for a board shake-up...
AUB widens UK reach with AR group partnership
17 June 2024
AUB Group has taken a “key step” in expanding its retail broking footprint in Britain, with plans to acquire a 40% stake in authorised representative network Momentum Broker Solutions...
IAG to defend loyalty pricing class action
03 June 2024
IAG will fight a class action launched over home and contents loyalty discounts, saying its businesses have delivered on promises made to customers...
Tower swings to H1 profit
03 June 2024
New Zealand insurer Tower says it is “well positioned” after achieving a profit of $NZ36 million ($33.26 million) in the half-year to the end of March...
Industry giants help tackle 'pervasive' financial abuse
03 June 2024
Insurers IAG and Suncorp have joined the Respect and Protect national initiative to combat a rise in financial abuse...
Club Marine makes ‘exciting’ PDS changes
03 June 2024
Boat insurer Club Marine has made changes to its product wordings following a review of policy guidelines and terminology...
Board of ‘seasoned experts’ to guide Steadfast’s ISU
27 May 2024
Steadfast’s US insurance agency network, ISU Group, has set up a new advisory board...
IAG’s cyber agency names underwriting chief
27 May 2024
IAG has appointed Con Bakas as chief underwriting officer for its new Cylo initiative...
AUB continues agency push with Pacific Indemnity purchase
27 May 2024
AUB has moved to plug a gap in its underwriting agencies portfolio by buying a 70% stake in Australian financial lines business Pacific Indemnity...
Axa XL shipping head joins Agile syndicate
27 May 2024
Axa XL’s head of hull for the UK and Lloyd’s David Hughes will become head of marine and deputy active underwriter at Agile’s new Lloyd’s syndicate...
NZUAC president takes role at NM Insurance
27 May 2024
NM Insurance has appointed Andrew McFetridge as executive director for New Zealand, tasked with growing the team and expanding distribution networks in marine and motorcycle insurance...
Allianz flood changes ‘put unfair strain on households'
20 May 2024
Consumer group the Financial Rights Legal Centre says Allianz’s planned changes to residential flood insurance represent “another step away” from providing the cover Australians need...
PSC outlines takeover disclosure after ASX inquiry
20 May 2024
Takeover target PSC Insurance Group insists it has complied with sharemarket listing rules that dictate a company should immediately disclose information that could affect its valuation...
Australian rate, profit gains lift Allianz
20 May 2024
Allianz has reported a strong start to the year, with first-quarter global property and casualty gains supported by rate rises in markets including Australia...
Tower ready for new accounting standard
20 May 2024
New Zealand insurer Tower has adopted the new accounting standard IFRS 17 Insurance Contracts and the Reserve Bank’s Interim Solvency Standard...
Ardonagh's PSC deal produces ‘good price for the sellers’
13 May 2024
Ardonagh has paid an attractive price to secure the acquisition of PSC Insurance Group as the outlook remains positive for broking companies, analysts say...
Everest secures licence to pursue Australian growth
13 May 2024
Everest International Reinsurance has been granted a general insurance licence by the Australian Prudential Regulation Authority...