Steadfast Direct gears up with a $2 million bang
03 August 2015
Steadfast brokers have embraced the group’s new direct personal lines service, putting about $2 million in premium through the facility so far…
Corporate
QBE unveils management shake-up
03 August 2015
QBE Australia and New Zealand CEO Colin Fagen will become Group Chief Strategy Officer, responsible for global growth and efficiency initiatives…
Analyst’s assessment angers Austbrokers
03 August 2015
A claim in Fairfax Media that US insurance and investment giant Berkshire Hathaway is pursuing a strategy that will “put Austbrokers out of business” has been discounted for using inaccurate information and incorrect assumptions…
New MD ‘catalyst for growth’ at Insurance Advisernet
03 August 2015
The appointment of Shaun Standfield as MD will drive a renewed focus on growth, authorised representative and broker group Insurance Advisernet says…
JLT’s new business push assists half-year gains
03 August 2015
JLT Australia and New Zealand has recorded revenue of £61.1 million ($130.4 million) for the six months to June 30, up 1% on the corresponding period last year…
Fitch affirms QBE ratings, lifts outlook
03 August 2015
Fitch has affirmed its ratings on QBE but lifted the outlook on them to reflect the insurer’s stronger operating performance…
Fitch upgrades Suncorp
03 August 2015
Fitch has lifted Suncorp Group’s long-term issuer default rating to A+ from A, reflecting updated rating criteria for Australia…
Lloyd’s joins pact to combat Asian underinsurance
03 August 2015
Lloyd’s, the Monetary Authority of Singapore and the British Government have signed a statement of intent to “support and nurture” insurance markets in the region and tackle underinsurance…
AM Best affirms Tower, Youi ratings
03 August 2015
AM Best has maintained its A- financial strength rating on New Zealand insurer Tower Group’s general, life and health insurance businesses…
Suncorp to shut vehicle assessment centres
27 July 2015
Suncorp will close a number of RepairLink vehicle assessment centres under a major restructure of its car insurance business…
IAG looks to unite NZ brands
27 July 2015
IAG has applied to the Reserve Bank of New Zealand to unite its AMI Insurance and Lumley General Insurance businesses under IAG New Zealand…
Lloyd’s consortium formed for excess layers on Asia-Pacific property risk
27 July 2015
A new Lloyd’s consortium operating from the Singapore platform will target excess-of-loss placements on commercial property risk in the region…
Terri Scheer tops Canstar review of landlord cover
27 July 2015
Canstar has named Terri Scheer as the best landlord insurer offering “outstanding value”…
Sydney storms batter Allied World result
27 July 2015
Storms in NSW in April and May cost Swiss (re)insurer Allied World $US25 million ($33.87 million), the company has announced, while reporting a profit slide for the June quarter…
Beazley unveils cover for expat workers
27 July 2015
Specialist insurer Beazley has released a product for Australian companies with employees that live and work overseas…
IAG pilots budget home cover
20 July 2015
IAG is testing a “no-frills” home building policy in Queensland before a planned national rollout…
Union criticises Suncorp motor claims shake-up
20 July 2015
Suncorp is undertaking a major restructure of its car insurance business, which has reportedly resulted in 170 full-time equivalent positions being spilled and 150 new positions being created…
Willis unveils new technology, lines
20 July 2015
Willis Australasia will launch a series of technology and product initiatives over the coming year, according to incoming CEO Tony Barber…
QBE finds buyer for US mortgage business
20 July 2015
QBE expects a $US120 million ($161.39 million) loss from the sale of its controversial US mortgage business…
Ex-TIO chief moves to Tower
20 July 2015
Former Territory Insurance Office CEO Richard Harding will become CEO of New Zealand insurer Tower next month…