Lumley’s number is up
06 June 2016
Old Lumley phone numbers will be decommissioned from August, CGU has announced…
Corporate
Suncorp strategy ‘about creating value’
30 May 2016
Suncorp is losing 125,000 customers a month to churn because it is competing on price alone and not offering enough “non-price value”, according to Group CEO Michael Cameron…
Former Pen underwriters open new agency
30 May 2016
Four former Pen Underwriting employees have banded together to start their own agency, which will begin commercial operations next month…
Sportscover diversifies with streaming, app
30 May 2016
Leading sports and leisure insurer Sportscover has unveiled two initiatives as it looks to diversify its offering beyond insurance…
Suncorp appoints new CIO
30 May 2016
Suncorp Group has appointed one of Australia’s most senior technology executives as its new Chief Information Officer.
Tower runs up bigger half-year loss
30 May 2016
New Zealand insurer Tower’s net loss for the half-year to March 31 has blown out to $NZ8.7 million, with impairment charges and adjustments to provisions for the Canterbury earthquakes accounting for the additional loss…
Suncorp signs up for fight against financial exclusion
30 May 2016
Suncorp has joined a national “financial inclusion” program to assist up to 3 million Australians who are financially excluded and face significant economic and social hardship.…
Delta doubles cover with Antares
30 May 2016
New Zealand underwriting agency Delta Insurance has partnered with Lloyd’s managing agent Antares to double its liability cover to $30 million…
Broker buys AR’s portfolio and makes him GM
23 May 2016
Steadfast broker Scott & Broad/Clark Pacific has acquired the portfolio of its authorised representative, Mark Elphick…
Vero returns to old commission level
23 May 2016
Just over two years since Vero made its unpopular decision to slash broker commission on personal lines policies by 7.5%, they are returning to the old level of 22.5%…
China focus in Ensurance comparison site deal
23 May 2016
Broker and insurance technology innovator Ensurance has announced a deal with financial services group N1 Holdings to provide domestic insurance to N1’s comparison website…
QBE strategist to head up Zurich claims
23 May 2016
Zurich has appointed Hilary Bates as Chief Claims Officer for its general insurance business in Australia and New Zealand…
New entrant’s parent has been operating in Australia since 2008
23 May 2016
Bermuda-based specialty insurer StarStone, which is seeking regulatory approval to set up as an underwriter in Australia, is owned by one of the world’s most acquisitive players, Enstar…
Bank exposure ‘a drag’ on Suncorp
23 May 2016
Fitch Ratings has affirmed Suncorp Group’s long and short-term issuer default ratings at A+ and F1 respectively, but has warned that the group’s bank exposure offsets overall strength…
S&P enhances QBE outlook
16 May 2016
Standard & Poor’s has upgraded its rating outlook on QBE from stable to positive, based on expected improved earnings, less volatility and a return to top-line growth…
JLT extends rehab reach through WA acquisition
16 May 2016
JLT Australia has acquired Perth-based occupational rehabilitation services company Workwise Occupational Health for an undisclosed sum…
AIG backs human trafficking payout reforms
16 May 2016
AIG has co-authored a report setting out best practice for compensating victims of human trafficking in 20 nations…
Stream names new company secretary
16 May 2016
Claims service provider Stream has announced the resignation of Company Secretary Ben Raftery, just six months after his appointment…
NSW’s icare makes medical appointments
16 May 2016
Insurance & Care NSW has hired two experienced medical executives to improve its delivery of healthcare services…
Telco CFO to join iSelect
16 May 2016
iSelect has appointed M2 Group CFO Darryl Inns as its CFO, effective from July 4…