Munich Re names new Australasia MD
09 May 2016
Ralph Ronnenberg will succeed Heinrich Eder as Munich Re Australasia MD on July 1…
Corporate
QBE chief backs climate change protests
09 May 2016
QBE should encourage government and policyholders to tackle climate change, Group CEO John Neal says – despite environmental protesters calling for more direct action from the insurer…
Kelly extends contract with Steadfast
09 May 2016
Steadfast MD and CEO Robert Kelly will stay with the broker group until the end of 2020 at least…
Premium funder exits NZ market
09 May 2016
Centrepoint Alliance Premium Funding has pulled out of the New Zealand market, one year after announcing its expansion there…
CSC eyes insurance gains after Xchanging purchase
09 May 2016
Computer Sciences Corporation says the purchase of UK insurance outsourcing group Xchanging will expand its business in the global underwriting industry, including Australia…
Mecon signs up with AIG
09 May 2016
Mecon Insurance has quit its underwriting agency agreement with Munich Re-owned Great Lakes Australia to enter a new agreement with AIG Australia…
Cover-More reveals CEO switch, US expansion
09 May 2016
Travel insurer Cover-More has announced the departure of its CEO, at the same time as unveiling an expansion into the US…
CBL hails year of expansion
09 May 2016
The Chairman of Auckland-based specialty insurer CBL Corporation has lauded a “year of significant achievement”…
IAG issues subordinated notes in NZ
09 May 2016
IAG has issued unsecured subordinated convertible notes of up to $NZ250 million in New Zealand as part of its capital management strategy…
Centrepoint adds ex-OAMPS director to board
09 May 2016
Centrepoint Alliance has appointed Hugh Robertson as an independent non-executive director…
Genworth expects further ‘constraints’ in LMI
09 May 2016
The mortgage insurance market will stay “constrained” as lenders further tighten loan application criteria in response to regulatory requirements, according to Genworth Mortgage Insurance Australia…
Suncorp invests in ‘world first’ insurance app
02 May 2016
Suncorp has announced a $US5 million equity stake in US-based technology developer Trov, paving the way for a “world first” on-demand insurance platform…
PSC steps up shopping spree with local brokerage purchase
02 May 2016
Steadfast member PSC Insurance Group will pay $3.04 million to acquire Melbourne-based Hiscock Insurance Brokers, which is part of rival broking network IBNA…
Strata Community breaks new ground with mixed-strata cover
02 May 2016
Strata Community Insurance has introduced a product that claims a number of industry firsts, including terrorism cover for up to $100 million on properties where commercial use makes up less than half the mixed scheme…
Cyclone-prone homeowners secure Suncorp mitigation rewards
02 May 2016
Suncorp Insurance has reduced premiums by up to 20% for 6000 north Queensland customers who have strengthened their homes against cyclones…
Genworth braces for tough conditions as profit tanks
02 May 2016
Genworth Mortgage Insurance Australia says business conditions will remain under pressure amid tighter lending criteria, after first-quarter net profit fell 24.8% to $67.3 million…
QBE committee sets short-term incentive target
02 May 2016
QBE’s board has adjusted its short-term incentive target for this year’s remuneration settings…
Westpac LMI business takes off
02 May 2016
Westpac says general insurance gross written premium remained flat at $245 million in the six months to March 31…
Employers Mutual releases policy app
02 May 2016
Employers Mutual has released a broker app and online portal called EMpower…
Acting CEO wins top job at AGA
02 May 2016
Allianz Global Assistance has appointed Craig Dalzell as CEO…