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‘Authorised broker’ group expects opposition

19 October 2015

National broker group Westcourt is making a “subtle but unique” change to its “authorised representative” designation, which it expects “will generate quite a bit of flak from within the industry”…

IAG ditches China expansion plan

19 October 2015

IAG shares jumped more than 6% last week after the insurer confirmed it is dumping plans for major investment in China…

Vero produces client survey for brokers

19 October 2015

Vero has unveiled its latest broker tool – a survey to help gauge clients’ service satisfaction, desired frequency of contact and likelihood of a referral…

Crowded market ‘forced Axis Specialty to quit’

12 October 2015

Axis Specialty Australia’s withdrawal from the local insurance industry is evidence that the liability market is getting crowded, with too many insurers chasing too little business, according to local broking sources…

Loss adjusters drop takeover talks

12 October 2015

International loss adjuster McLarens and independent Australian adjuster Technical Assessing have withdrawn from takeover talks…

WA broker heads three-way merger

12 October 2015

Perth brokers Oracle Group and Centro Chambers and Gold Coast-based Agile Insurance Advice have agreed a three-way merger to create a national broking business…

Former Westpac exec joins Suncorp board

12 October 2015

Suncorp has appointed prominent company director Sally Herman as a non-executive director, filling the vacancy left by Michael Cameron’s appointment to the position of MD and Group CEO…

Genworth CEO steps down

12 October 2015

Ellie Comerford has stepped down as Genworth Mortgage Insurance Australia CEO and MD…

CORRECTION: Stream report

12 October 2015

In last week’s bulletin we reported that claims service provider Stream’s independent auditors had drawn attention to the company’s net loss of $12.74 million in the year to June 30, with liabilities exceeding assets by $9.75 million…