'We offer flood for farms' says Achmea
31 October 2022
Direct insurer Achmea Australia says flood cover is “built in” to its farm policies, while other leading underwriters have confirmed they don’t cover the risk...
Corporate
Suncorp, RACQ link with Queensland program to boost resilience
31 October 2022
Suncorp and RACQ have entered into a partnership with the Queensland $741 million resilience program, allowing policyholders to access funds to build back better at the same time as insurance repair work required after recent catastrophes is completed...
Tower completes PNG subsidiary sale for $9.58 million
31 October 2022
New Zealand’s Tower has completed the sale of its stake in its Papua New Guinea subsidiary to Alpha Insurance for 22 million kina...
Roy Morgan names NRMA Insurance most trusted insurer
31 October 2022
Roy Morgan has announced IAG-backed NRMA Insurance as the insurance sector winner of its inaugural Trust Brand Awards...
IAG sees premium-driving trends continuing this year
24 October 2022
IAG says inflation continues to be a feature of the Australian and New Zealand economies and a doubling of natural catastrophe claims last financial year has been followed by further claims from latest flooding across NSW, Victoria and Tasmania...
Steadfast eyes another strong year after Q1 pre-tax earnings surge 24%
24 October 2022
Broking group Steadfast says it has started the new financial year strongly, as the business gets a boost from the tightening premium rate cycle after recent catastrophes...
Zurich extends support to flood-affected customers
24 October 2022
Zurich has announced it will extend hardship and emergency support for customers affected by flooding in NSW, Tasmania and Victoria...
Delta launches tech cover package
24 October 2022
Delta Insurance has opened up a new comprehensive package policy for tech companies to protect against “ever-increasing cyber attacks” and network liability...
Genworth names new non-executive director
24 October 2022
Genworth Mortgage Insurance Australia has appointed Leona Murphy as an independent non-executive director to its board...
IAG, Suncorp release BI provisions after High Court decision
17 October 2022
IAG and Suncorp have reduced their provisions for business interruption claims triggered by the pandemic after the High Court last week rejected appeal applications related to the industry’s second test case...
Howden announces NZ acquisition
17 October 2022
Howden will acquire the personal injury business of Gallagher Bassett New Zealand, as the international broker looks to cement its position as a leading provider in the injury management space...
QBE launches green mortgage incentive program
17 October 2022
QBE has announced it will provide a 5% rate reduction on the cost of Lenders’ Mortgage Insurance for National Bank of Australia or Bank Australia customers who hold a green mortgage...
Attvest rolling out streamlined premium payment service
17 October 2022
Premium funder Attvest Finance is rolling out a streamlined premium payment service for brokers following a successful pilot program...
Tower raises earnings forecast
17 October 2022
New Zealand insurer Tower announced today its full-year earnings guidance has been upgraded to reflect higher rates and organic growth...
QBE-backed Kogan Insurance goes live
17 October 2022
Online retailer Kogan Australia has relaunched its home, motor and compulsory third party insurance offerings...
Cornerstone strengthens 'niche' offerings with acquisition of Brisbane brokerage
10 October 2022
Cornerstone Risk Group says its acquisition of SureFinity Insurance Brokers will provide the business with an immediate capability to offer solutions for clients in “niche” industries including leisure, amusement and entertainment...
Tower unveils Kiwibank deal
10 October 2022
New Zealand insurer Tower has announced it will acquire rights and obligations relating to a portfolio of Kiwibank’s insurance policies...
Johns Lyng sticks with $1 billion revenue target
10 October 2022
Building services provider Johns Lyng Group today affirmed its earnings forecasts, including the goal to achieve at least $1 billion in revenue for the current financial year...
Hollard retains 'excellent' rating from AM Best
10 October 2022
Credit rating agency AM Best has made no changes to Hollard’s financial strength and credit rating, with the insurer retaining an “A-” or “excellent” score...
Hollard strengthens market share after closing CommInsure acquisition
03 October 2022
Hollard Holdings Australia has completed its acquisition of Commonwealth Bank’s general insurance business, saying the investment will consolidate its position as one of the top five non-life insurers in the domestic market...