Wellington Underwriting announces executive changes
22 August 2022
Property and casualty specialist Wellington Underwriting Agencies has announced three new additions to its board of directors and appointed Brian Atkin as its new MD...
Corporate
IAG announces board departure
22 August 2022
IAG says Independent Non-Executive Director Sheila McGregor will resign after its annual meeting on October 21...
IAG pushes through rate rises as inflation bites
15 August 2022
IAG is pushing through rate increases across its motor and home lines, in some instances by up to 11%, giving the insurer confidence that it has a “good handle” on mitigating the inflation challenge that is affecting the Australian and global economy...
QBE sees positive outlook amid volatile backdrop
15 August 2022
QBE has raised its expectation for premium growth this year and says its outlook for the remainder of the year remains positive after the first-half bottom line was hit by volatile investment markets amid a turbulent environment...
Suncorp brings forward net-zero target to 2030
15 August 2022
Suncorp has brought forward its greenhouse gas emission net zero target by 20 years to 2030, stressing that urgent action is required to mitigate the worst effects of climate change and provide the best chance of limiting global temperatures...
Argenta ceases writing business in Singapore, Sydney remains key
15 August 2022
Argenta Underwriting Asia will cease writing new and renewal business in Singapore with immediate effect following a Lloyd’s managing agency decision to re-allocate capacity to other opportunities worldwide, including in Australia...
iSelect board backs takeover offer from shareholder linked to rival comparator
15 August 2022
iSelect has recommended shareholders to “vote in favour” of a takeover by Innovation Holdings Australia (IHA), saying the proposed acquisition “is in the best interests” of investors...
Suncorp earnings drop after natural disasters, GWP surges
08 August 2022
Suncorp net profit dropped 34% to $681 million last financial year as the company battled natural catastrophes and volatile investment markets, while the group reported record second-half gross written premium growth...
IAG disclosure targeted in BI class action
08 August 2022
Law firm Quinn Emanuel Urquhart & Sullivan has filed a shareholder class action against IAG over its disclosure of potential impacts from pandemic-related business interruption claims...
BHSI enters commercial hull market, names marine underwriting manager
08 August 2022
Berkshire Hathaway Specialty Insurance is entering the commercial hull market in Australasia, expanding its marine product portfolio in the region...
Genworth lifts 2022 net earned premium guidance
08 August 2022
Genworth has upgraded its net earned premium guidance and says claims will remain below historical averages this year, though gross written premium will sit below 2021 levels...
Aviso Group gains 14th brokerage
08 August 2022
Envest-backed Aviso Group has acquired Townsville-based North Queensland Insurance Brokers, in what it describes as a “milestone investment”...
Zurich to provide capacity for Proteus Marine
01 August 2022
Zurich has extended its relationship with underwriting agency NM Insurance with an agreement to provide capacity for Proteus Marine...
BHSI makes key transactional liability appointment
01 August 2022
Berkshire Hathaway Speciality Insurance has expanded its global transactional liability underwriting capabilities with the addition of local leadership in the sector...
McLarens appoints national manager in Brisbane
01 August 2022
McLarens has appointed Darren McKinnon to be its Australian Operations Manager, Adjusting...
AMA seeks improved pricing in insurer negotiations
01 August 2022
AMA Group says it has contacted all its insurer partners and advised of updated labour rates and cost impacts, and of additional charges for “imposts previously absorbed” as part of pricing negotiations...
Aviso expands with Sydney brokerage acquisition
01 August 2022
Aviso Broking has acquired family-owned Macquarie Insurance Brokers in eastern Sydney as it continues to pursue expansion opportunities...
Howden aims for bigger presence from Unicorn partnership
01 August 2022
Howden says its newly created partnership with Perth-based insurance broker Unicorn Risk Solutions marks another step forward in its growth plan for Australia and the region...
ARAG Australia launches Business Essentials
01 August 2022
Legal Expense Insurance specialist ARAG Services Australia has launched Business Essentials, augmenting its Comfort and Elite range, and costing as little as $260 a year...
IAG forecasts improved margin after missed target
25 July 2022
IAG has increased its natural perils allowance for the current financial year and has forecast stronger gross written premium growth and an improved margin following missed guidance in the past year...