Combined to stop writing new business
15 February 2016
Combined Insurance will cease writing new business in Australia and New Zealand, its parent company has announced…
Corporate
Suncorp calls ‘code red’ on claims costs after poor half-year
15 February 2016
Suncorp Group has reported a net profit of $530 million for the six months to December 31, down 16% on the previous corresponding period…
RACQ Insurance unveils cyclone mitigation discounts
15 February 2016
RACQ Insurance has launched a scheme offering premium discounts of up to 20% to clients in north Queensland under its Household Cyclone Resilience Program…
Chubb reveals new leadership line-up
15 February 2016
Chubb has announced the key management positions that will take effect when Chubb and Ace begin operations as one entity in April…
Lenders join forces to help brokers grow
15 February 2016
Premium Funding and St George Bank have teamed up on a product that enables brokers of all sizes to borrow more for acquisitions, succession planning and refinancing, with “generous” repayment terms…
Barber targets Willis Towers Watson growth
15 February 2016
Willis Towers Watson has a golden opportunity to grow its share of the Australasian market, according to new boss Tony Barber…
CommInsure’s GI operation reports premium gains
15 February 2016
CommInsure’s general insurance premium increased 4% to $706 million in the six months to December 31…
Media group rolls out Ace-backed travel insurance
15 February 2016
Fairfax Media has partnered with Ace on a new travel insurance product, Travellers Insure…
Genworth Australia unaffected by ratings downgrade
15 February 2016
Standard & Poor’s has downgraded its group credit profile for Genworth Financial from bbb- to bb, but the Australian mortgage insurance operations remain unaffected…
Konekt stays on acquisition trail
15 February 2016
Workplace rehabilitation services provider Konekt is expanding its Canberra presence through the acquisition of return-to-work company SRC Solutions…
Naming row dents Bob Jane motor venture
15 February 2016
Proposed motor insurance start-up Bob Jane Integrity Insurance has stalled…
Zurich exits strata market, completes business overhaul
08 February 2016
Zurich has pulled out of the strata market, but says no more significant changes to its Australian operations are planned…
Stream collapse costs RACQ up to $10 million
08 February 2016
RACQ Insurance says it could be up to $10 million out of pocket following the winding-up of former home repair partner Stream Group Australia…
Greenstone seeks private investor after IPO pullout
08 February 2016
Richard Enthoven, the co-founder and Executive Chairman of direct insurance marketing company Greenstone, has no regrets about last year’s aborted $984 million float…
QBE firm on mental illness exclusion, despite tribunal loss
08 February 2016
QBE says mental illness exclusions in travel insurance “are still necessary”, despite a tribunal finding in favour of a woman who claimed she was a victim of discrimination…
New recruit builds HDI Global presence in Brisbane
08 February 2016
HDI Global will have a presence in Brisbane with the appointment of Kelly Townley as Market Manager Queensland…
IAG appoints reinsurance GM
08 February 2016
Reinsurance veteran Scott Grove has been made IAG’s Group GM Reinsurance…
Interim chief secures Genworth CEO job
08 February 2016
Genworth Mortgage Insurance Australia has appointed Georgette Nicholas to the permanent CEO role after a global search following the departure of Ellie Comerford…
Home loan crackdown dents Genworth profit
08 February 2016
Genworth Mortgage Insurance Australia has posted a 29.7% decline in net profit for last year, as gross written premium took a hit from more stringent lending requirements…
Gallagher seals deal with auto industry body
08 February 2016
Broker Arthur J Gallagher has struck a partnership deal with automotive industry peak body the Institute of Automotive Mechanical Engineers and its insurance arm IAME Insurance Solutions…