Criterion hails offering boost
15 July 2024
Criterion Underwriting, which specialises in hard-to-place risks, says it is now offering Australian Prudential Regulation Authority-approved and A-rated insurance products...
Corporate
Suncorp locks in reinsurance amid improved conditions
08 July 2024
Suncorp has finalised its reinsurance program for this financial year and says underlying margins for the past 12 months should be in the middle of its expected range...
New brokerage to focus on Indigenous clients
08 July 2024
First Peoples Insurance, an Austbrokers Comsure authorised representative focusing on Indigenous-controlled organisations and businesses, is launching this week...
SME-focused underwriter arrives with Liberty backing
08 July 2024
A new underwriting agency offering cover for small businesses will launch in the Australian market next month after securing backing from Liberty Specialty Markets...
AMA names new finance chief
08 July 2024
Crash repairer AMA Group has appointed Domenic Romanelli, an executive with extensive industrial and resources sector experience, as its CFO...
Zurich appoints new Cover-More chief after AIG Travel takeover
08 July 2024
Zurich has named David Fike as Cover-More Group CEO, taking over from Cara Morton after her promotion to Zurich Global Ventures CEO in February...
IAG ‘on track’ for upper end of guidance range
01 July 2024
IAG expects full-year reported insurance profit will be at the upper end of a $1.2-$1.45 billion guidance range, and it has locked in a new long-term reinsurance arrangement to help stabilise future earnings...
Experienced trio launch broker for ‘new era’
01 July 2024
John Paul Whitbread has launched a brokerage called Domo Insurance with Will Dunn and Eliza White, in a move they say “aims to disrupt the insurance industry”...
Queensland eyes dividend as Chalmers backs Suncorp bank sale
01 July 2024
Suncorp is nearer to becoming a “dedicated” insurer focused on Australia and New Zealand after Treasurer Jim Chalmers approved the $4.9 billion sale of its banking arm to ANZ...
Tower and Kiwibank sign referral agreement
01 July 2024
New Zealand insurer Tower has secured a five-year referral deal to supply general insurance to Kiwibank’s retail banking customers...
Steadfast exec changes add to ‘deep bench strength’
24 June 2024
Steadfast has appointed executive Nick Cook to a broader regional role and has announced that Swiss Re’s former local head Mark Senkevics is joining the company...
QBE exits challenging North America segment
24 June 2024
QBE says it will focus on its North America specialty, crop and commercial businesses after deciding to step away from a middle-market segment that has experienced challenges for several years...
Helia’s largest LMI customer seeks new terms
24 June 2024
Helia Group has told its shareholders Commonwealth Bank will seek a new proposal for the provision of lenders’ mortgage insurance...
Ansvar ratings affirmed despite claims volatility
24 June 2024
AM Best has affirmed Ansvar Insurance’s A- and a- credit ratings, with a stable outlook...
MPs pass law to keep Suncorp HQ in Queensland after bank split
17 June 2024
Queensland has passed legislation to keep Suncorp’s head office in the state after the expected sale of its banking business to ANZ, with final clearance from federal Treasurer Jim Chalmers still awaited...
Allianz hit with code sanction after flood claim dispute
17 June 2024
Allianz has become the first general insurer to be hit with a financial sanction for a code of practice breach, with the issue relating to the handling of a claim from the February 2022 flooding catastrophe...
AMA Group chair, three directors resign
17 June 2024
AMA Group chair Caroline Waldron and three of the smash repairer’s directors have resigned after the company came under shareholder pressure for a board shake-up...
AUB widens UK reach with AR group partnership
17 June 2024
AUB Group has taken a “key step” in expanding its retail broking footprint in Britain, with plans to acquire a 40% stake in authorised representative network Momentum Broker Solutions...
IAG to defend loyalty pricing class action
03 June 2024
IAG will fight a class action launched over home and contents loyalty discounts, saying its businesses have delivered on promises made to customers...
Tower swings to H1 profit
03 June 2024
New Zealand insurer Tower says it is “well positioned” after achieving a profit of $NZ36 million ($33.26 million) in the half-year to the end of March...