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Genworth says net claims remain favourable

07 February 2022

Genworth Mortgage lnsurance Australia says favourable claims conditions continued in the fourth quarter amid high property price growth, a fall in delinquencies and low numbers of mortgages in possession...

QBE joins UN-convened insurance climate group

07 February 2022

QBE Insurance says it is now a member of Net-Zero Insurance Alliance, a United Nations-convened bloc that brings together insurers and reinsurers to support the green transition...

Canstar crowns Budget Direct Insurer of the Year

07 February 2022

Budget Direct has won comparison site Canstar’s inaugural Insurer of the Year Award, recognising its strong combination of insurance products and customer satisfaction...

Sedgwick acquires Direct Health Solutions

07 February 2022

Sedgwick has acquired employer-based telehealth provider Direct Health Solutions, entering the absence management area in Australia and expanding its global offering...

CBA estimates $85 million impact from weather claims

31 January 2022

Commonwealth Bank says it has recognised a loss of $85 million in relation to insurance claims for hail and storm weather events across the east coast, SA and Tasmania during last October...

Berkley, Frontier partner to offer blockchain product

31 January 2022

Berkley Insurance Australia and Frontier Global Underwriting, a London-based financial lines Lloyd’s coverholder with an office in Sydney, have teamed up to offer blockchain insurance cover...

Crucial contract supports Genworth rating

31 January 2022

Fitch says the stable rating outlook of Genworth Mortgage Insurance is supported by an agreement from the Commonwealth Bank to renew a contract after it insisted for the first time that the Lenders Mortgage Insurance specialist submit a new proposal...

IAG lays out 'ambitious' plan to turn business around

13 December 2021

IAG has set out what analysts have described as an “ambitious” five-year program to revitalise the business, after past lapses caused the insurer to report a $427 million net loss in the last financial year...

Johns Lyng targets US market with $201 million acquisition

13 December 2021

Johns Lyng Group has agreed to acquire Colorado-based Reconstruction Holdings and its subsidiaries for $US144 million ($201 million), saying the move will provide the business with an immediate, established base in the vast US market...

Allianz steps up climate commitment

13 December 2021

Allianz Australia has become the first insurer to join Climate League 2030, a private sector-focused 10-year initiative that aims to reduce the country’s annual greenhouse gas emissions in line with targets set by the Paris Agreement...

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