Allianz Commercial launches in Australia
31 July 2023
Allianz Commercial has commenced operations in Australia led by MD Phuong Ly, after the insurer announced in March changes to strengthen its property and casualty business globally...
Corporate
Pat Mei Financial Services joins Insurance House
31 July 2023
Shepparton-based Pat Mei Financial Services has joined Insurance Brands Australia subsidiary Insurance House in a merger taking effect today...
SGUA announces Lloyd’s deal
31 July 2023
St George Underwriting Agency has become a Lloyd’s coverholder, the business announced today...
Helia says low mortgage default rates subdue first-half claims
31 July 2023
Helia Group says its total incurred claims will again be negative in the first half due to continuation of an unusually low claims environment on low levels of mortgage delinquencies, prompting changes to its reserving basis...
IAG says up to 20 new roles available
31 July 2023
IAG says it expects to fill 15-20 new roles at the same time as it makes 54 current roles redundant in finance, risk and human resources...
Grant Cairns to take the reins at AIG Australia in November
24 July 2023
Melbourne-based Grant Cairns has been appointed AIG Australia CEO and Head of Australia and New Zealand, effective from November...
North American storms create ‘additional pressure’ on QBE cat costs
24 July 2023
QBE is sticking to its full-year earnings guidance even as the business anticipates first-half catastrophe cost will take a hit from the North American convective storm events in June...
IAG consolidates ‘some corporate functions’
24 July 2023
A small number of jobs may go as IAG moves some corporate functions to operate within customer-facing divisions...
Insurance House acquires Melbourne Insurance Brokers
24 July 2023
Melbourne Insurance Brokers has integrated with Insurance House, subsidiary brand of Insurance Brands Australia...
Tower slashes annual profit guidance
24 July 2023
Tower says it may post an annual loss as challenges in New Zealand increase claim frequency and hurt profitability...
CCI flags ‘higher’ regulatory intervention risk if scheme of arrangement fails
24 July 2023
Catholic Church Insurance is working to secure approval for its proposed scheme of arrangements to address claims uncertainty, warning there could be “higher risks regarding regulatory intervention” if the plan fails to pass...
Rhodian launches Halo Underwriting
17 July 2023
Rhodian Group launched today its first underwriting agency, Halo Underwriting, after announcing in February it was looking to “create and incubate” agencies in the Australian market...
‘Original insurtech’ Ebix Australia turns 30
17 July 2023
Insurance technology provider Ebix Australia will celebrate three decades of operation on Friday...
QBE names industry veteran as new director
17 July 2023
QBE Insurance Group has named Peter Wilson, who brings 40 years’ experience to the role, as a non-executive director to the board...
IAG finalises reinsurance arrangements
10 July 2023
IAG has secured cover for about a third of its gross claims costs after renewing one of its whole-of-account quota share arrangements with reinsurance provider Hannover Re...
Suncorp confirms reinsurance program as rising cost dictates key changes
10 July 2023
Suncorp has completed its 2023/24 reinsurance program, making key changes as catastrophe protection cost increases after last year’s floods...
Tower retreats from Solomon Islands after 38 years
10 July 2023
Tower Insurance has offloaded its Solomon Islands business to Papua New Guinea’s TransPacific Assurance Limited...
Acquisitions ignite Johns Lyng’s home services growth strategy
10 July 2023
Johns Lyng Group continues to cement its place in the essential home services market with the acquisition of Smoke Alarms Australia and Linkfire...
Axa XL heralds innovation as key to improving claims process
10 July 2023
Axa XL says new technologies and innovation are at the core of transforming how insurers should look to handle and complete claims efficiently...
Workplace injury disruptor continues expansion
10 July 2023
Return to work disruptor Navigator Group continues to recruit insurance veterans to its business, which seeks to reinvent physical and mental injury recovery and get workers back to work faster...