PolicyComparison adds product recall cover
21 July 2014
LMI Group has added product recall insurance to its PolicyComparison website for brokers…
Corporate
Suncorp ‘exceeds expectations’ in capital CTP market
21 July 2014
Suncorp says it has won 11% of the ACT’s compulsory third party motor vehicle insurance market, only a year after entering it…
Comparator welcomes new insurers
21 July 2014
Woolworths Insurance and Real Insurance have signed onto comparison website Comparethemarket.com.au, which says more insurers are likely to join its panel of home and contents…
Storms and quakes cut FMG profit
21 July 2014
Nine storms and three earthquakes cut New Zealand insurer FMG’s net profit to $NZ17.52 million ($16.23 million) last financial year…
Fitch affirms QBE LMI rating
21 July 2014
Fitch has affirmed its AA- rating on QBE LMI, with a stable outlook…
Western Pacific claimants’ wait goes on
21 July 2014
The liquidators of failed New Zealand insurer Western Pacific expect loss assessment on Canterbury earthquake claims to take another year…
India could open door to IAG expansion
14 July 2014
IAG may increase its stake in State Bank of India General Insurance if a bid to raise the country’s foreign direct investment cap on insurance is successful…
Insurance shares make sluggish start to year
14 July 2014
Insurance industry shares have failed to capture investor enthusiasm this year, with Suncorp and IAG posting modest gains as broking groups slump amid a subdued premium outlook…
Lumley Finance unveils stylish rebrand
14 July 2014
Premium funder Lumley Finance has been rebranded as Elantis Premium Funding under its new owner…
MGA expands in Victoria
14 July 2014
Adelaide-based MGA Insurance Brokers has formed a joint venture with Sherbourne Insurance Brokers in the Victorian regional centre of Shepparton…
Attvest places premium on staff over expansion
14 July 2014
Australia’s newest premium funder, Attvest Finance, is behind schedule in its plans to be a national operator, but the company says it is growing and hiring…
Vero expands online hub
14 July 2014
Vero is expanding its Vero Central online broker hub as more brokers move to transact over the internet…
Rothbury takes stake in NZ broker
14 July 2014
New Zealand’s Rothbury Insurance Brokers has bought a stake in Wilkinson Insurance Brokers…
Competitors undeterred by Steadfast’s latest NZ buy
07 July 2014
The purchase of New Zealand broker cluster Allied Insurance Group last week by Steadfast won’t end competition between the major broker companies to add independently…
S&P upgrades WFI, Lumley
07 July 2014
Standard & Poor’s has lifted its ratings on WFI Insurance – formerly Wesfarmers General Insurance – and Lumley General Insurance NZ…
Tokio Marine begins new chapter with Genesis
07 July 2014
Tokio Marine is to enter the SME property and casualty market in partnership with new underwriting agency Genesis Underwriting…
More independent brokers join IBNA
07 July 2014
Insurance Brokers Network Australia has signed-up two former Insight members in Victoria and a business in SA as it continues its expansion drive…
Cerno, Crawfords and NRMA Insurance swing axe
07 July 2014
NRMA Insurance, Cerno and Crawford & Company have confirmed a total of more than 30 job cuts…
Wesfarmers eyes $1 billion profit on divestments
07 July 2014
Wesfarmers expects to make a pre-tax profit of $1.035-$1.075 billion on the sale of its insurance underwriting and broking operations, according to a market update…
Sportscover ends syndicate sale talks
30 June 2014
Melbourne-based international underwriting agency Sportscover and Bermuda-based Haverford have ended talks over the sale of Lloyd’s Syndicate 3334 and SCI Capital…