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...
Corporate
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...
Swiss Re names new Australia and NZ head
03 October 2022
Swiss Re has appointed Trent Thomson as its Australia and New Zealand Head from November 1...
AUB completes landmark UK Tysers acquisition
03 October 2022
AUB Group has completed its landmark $880 million acquisition of Lloyd’s wholesale broker Tysers following the satisfaction of conditions including regulatory approvals...
Honan acquires Trumpet Financial
03 October 2022
Honan Insurance Group has announced it will acquire life insurance specialist and risk adviser Trumpet Financial...
New Coverforce CEO outlines focus for business
03 October 2022
Newly appointed Coverforce CEO Tony Goldsmith says the broker remains focused on acquisition opportunities as he aims to steer the business forward, with the backing of parent company Steadfast...
Tower makes board appointment, completes 2023 reinsurance program
03 October 2022
New Zealand’s Tower has appointed Geraldine McBride as non-executive director and renewed its reinsurance program for the 2023 financial year in what it says is one of the most challenging markets in 40 years...
AMA Group sells FluidDrive business
03 October 2022
AMA Group has sold its FluidDrive automotive transmission business in line with a strategy focusing on its collision repair and associated parts and consumables operations...
Suncorp expects to achieve targets, reiterates bank sale benefits
26 September 2022
Suncorp says it’s well positioned to deal with the higher inflationary environment and continuing wet weather over coming months, and has reiterated benefits from the sale of its banking division...
IAG changes default excess levels as prices rise
26 September 2022
IAG has increased the default excess level on some insurance products across its NRMA, SGIO and SGIC brands as consumers look at taking on more risk to minimise price increases...
Aviso steps up in regional Victoria
26 September 2022
Broker Aviso Group is strengthening its presence in Victoria, announcing its Western Insurance Brokers in Colac will merge with Geelong-based Integral Insurance Services...
QBE introduces Australia Pacific governance position
26 September 2022
QBE has appointed Tracey Harris to the newly created role of Chief Governance and Executive Operations Officer, Australia Pacific...
Hard-to-place specialist Australasia Underwriting expands
26 September 2022
Australasia Underwriting, which specialises in hard-to-place risks in the manufacturing, trades, commercial strata and recycling sectors, has expanded its reach through a property book acquisition...
Clyde & Co creates new 24/7 cyber risk service
26 September 2022
Clyde & Co has introduced a new service called One to help organisations manage and respond to growing cyber risks and guide clients through each step of the journey to cyber resilience...
Suncorp Bank sale could pave way for Zurich tilt: report
19 September 2022
Suncorp’s sale of its banking business could pave the way for the company to take a look at the Zurich Australian general insurance operations if they come onto the market, a media report says...