Steadfast completes Coverforce acquisition
23 August 2021
Steadfast has completed the $411.5 million acquisition of Coverforce after announcing the deal at the start of last week and concluding an institutional share placement...
Corporate
Premium Funding, Principal Finance become Arteva
23 August 2021
Premium Funding and Principal Finance, which merged at the start of the year, have named the combined company Arteva Funding...
Alliance broking business 'good fit' for PSC: MD
23 August 2021
Acquiring the broking business of Alliance Insurance Broking Services will generate more than $3 million in incremental pre-tax earnings to the PSC Group, according to the Melbourne-based listed broker...
Guy Carpenter appoints Harden to key role
23 August 2021
Former Willis Re executive Michael Harden has joined Guy Carpenter as President of Asia Pacific, based in Sydney...
Youi grows partnership with Domain
23 August 2021
Insurer Youi has partnered with property marketplace Domain, acting as the contact centre for the company’s insurance arm, Domain Insure...
AAMI Roadside Assist free to COVID frontline workers
23 August 2021
Suncorp is offering its AAMI roadside assist service free of charge to all medical practitioners, nurses, hospital staff, paramedics, firefighters, SES staff & volunteers, police officers and COVID testing & vaccination workers across Australia, irrespective of whether they are an AAMI customer...
Steadfast buys Coverforce after competitive process
16 August 2021
Steadfast says its acquisition of Coverforce for $411.5 million follows a competitive process run by an investment bank that attracted strong interest...
Steadfast profit boosted by brokers, agencies
16 August 2021
Steadfast has reported a strong increase in earnings as its broking and agency businesses benefited from pricing conditions and acquisitions contributed to revenues...
IAG Chairman says failings 'unacceptable'
16 August 2021
IAG Chairman Elizabeth Bryan has apologised for organisational and risk management failures that led to the insurer reporting a financial-year loss of $427 million...
QBE first-half earnings point to 'widespread positives' in business: analysts
16 August 2021
QBE has posted a turnaround in first-half earnings, as the insurer achieved an adjusted cash profit after-tax of $US463 million following a $US666 million loss from a year earlier...
CBA insurance arm posts earnings rise
16 August 2021
Commonwealth Bank says insurance income, as measured on a cash basis, increased 3% to $145 million for the year to June 30, aided by lower claims experience from fewer weather-related events...
Premium growth drives stronger Suncorp earnings
09 August 2021
Suncorp net profit has risen 13% to $1.03 billion supported by its strongest financial year performance in Australian premium revenue in almost a decade...
IAG names new chairman, directors
09 August 2021
IAG Chairman Elizabeth Bryan will retire in October, with Director Tom Pockett to take on the role, the business says in a statement today...
AUB names new leader for Adroit
09 August 2021
Adroit MD Fabian Pasquini has left the business as part of Austbrokers adjustments in Victoria, but will remain within the AUB setup...
Hollard searches for new chairman as board renewal process begins
09 August 2021
Hollard Chairman Duncan West will step down on September 23 as part of a board renewal process, the insurer announced last week...
Youi revives refund offer for NSW, Victorian customers
09 August 2021
Youi is once again offering to partially refund motor premiums to customers using their cars less during COVID lockdowns...
Genworth expects biggest customer renewal decision by year end
09 August 2021
Genworth Mortgage Insurance expects a contract renewal decision from the Commonwealth Bank, its biggest customer, by the end of the year...
Costigan out, Houghton in at QBE
02 August 2021
QBE Interim MD Australia Frank Costigan has left the company as Sue Houghton takes up her position as Australia and Pacific CEO tomorrow...
CBN makes key appointments, refines structure
02 August 2021
Community Broker Network has made some key appointments as it finalises a strategy review aimed at ensuring network members are in the strongest position to operate and grow their businesses...
Parametric specialist Descartes expands into Australia
02 August 2021
Paris-based parametric insurance specialists Descartes Underwriting is this month opening offices in Singapore and Australia as part of its international expansion...