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…
Corporate
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…
IAG lines up subordinated notes issue in NZ
02 May 2016
IAG is considering raising up to $NZ250 million by issuing new unsecured subordinated convertible notes to institutional investors and New Zealand retail investors…
Club Marine app helps keep boaties safe
02 May 2016
A new app from Club Marine gives boat owners weather alerts and safety tips, and allows them to lodge instant claims…
Steadfast acquires InsuranceConnect
26 April 2016
Steadfast has acquired Melbourne-based insurance software developer InsuranceConnect, which owns and operates the UnderwriterCentral underwriting system, for an undisclosed amount…
Email reveals Winley chaos
26 April 2016
Leaked emails have lifted the lid on the chaos surrounding the collapse of Perth-based authorised representative group Winley Insurance…
Western Pacific liquidators still chasing brokers
26 April 2016
Western Pacific Insurance liquidator Grant Thornton has recovered $NZ46,392 of unremitted premiums from brokers in the past six months…