Oracle hits milestone with GWP topping $100 million
12 July 2021
Oracle Group Insurance Brokers’ gross written premium has topped $100 million as the firm continues a growth path set after its founding brokers came together five years ago...
Corporate
ARAG Services Australia appoints new local CEO
12 July 2021
Sydney-based Natasha Gale has been appointed CEO at legal expense insurance specialist ARAG Services Australia...
Tower begins executive search for new CFO
12 July 2021
Tower NZ is undertaking a comprehensive executive search process for a new CFO and says it will provide a further market update in due course...
Westpac deal cements Allianz's position at Number 3
05 July 2021
Allianz has completed its $725 million acquisition of Westpac’s general insurance arm to cement its place as the third largest non-life insurer in the Australian market behind IAG and Suncorp...
Suncorp, IAG complete their 21/22 reinsurance programs
05 July 2021
Suncorp and IAG have placed their reinsurance programs for the new financial year...
Suncorp offloads holding in RACT Insurance
05 July 2021
Suncorp is pushing ahead with plans to simplify its business portfolio, announcing last week it will sell its 50% stake in RACT Insurance for $83.75 million to mutual motoring body RACT Group...
GSA acquires NSW, Victorian businesses of fellow Steadfast broker
05 July 2021
Steadfast-backed GSA Insurance Brokers has acquired the NSW and Victorian businesses of Mega Capital, a professional risk insurance broking firm that is also majority-owned by the listed broker network group...
Envest acquires majority stake in Wymark
05 July 2021
Envest has acquired a majority stake in Wymark Insurance Brokers, adding the firm to its Aviso Group network...
Genworth must spruik its value to vital customer
05 July 2021
Genworth Mortgage Insurance Australia has been told to submit a new proposal to the Commonwealth Bank ahead of the expiry of its exclusive Lenders Mortgage Insurance supply agreement, which is worth around $320 million a year...
Gold Seal International recruiting after rebrand
05 July 2021
Compliance and training firm Gold Seal International has rebranded as GSI Professional Services and is searching for new team members with experience in insurance broking, underwriting and claims...
Chubb names consumer lines head
05 July 2021
Chubb Country President for the Philippines Peter van Ratingen has been named as Head of Consumer Lines for Australia and New Zealand, with his appointment taking effect this month...
Chairman extends $2.5m loan to Ensurance
05 July 2021
Ensurance Chairman Tony Leibowitz has extended his loan of $2.5 million to the business for a further 18 months on improved terms, the underwriting agency says in an investor update...
UK law firm outlines growth plan for Australia
05 July 2021
UK-listed law firm DWF says it is expanding its presence in the Australian insurance market after making a number of changes earlier this year as part of a broader restructuring...
Howden's local chief sees opportunities in top end mergers
28 June 2021
New entrant Howden Broking will operate across the local insurance market from corporate to SME, with the recent consolidation at the top end providing a range of opportunities, the company’s newly appointed Australian division CEO says...
Hollard ratings maintained following CommInsure purchase: AM Best
28 June 2021
Rating agency AM Best says it does not expect Hollard’s operations to be impacted by its holding company’s acquisition of CommInsure, the general insurance arm of Commonwealth Bank...
Steadfast-backed brokers join forces to target north Queensland market
28 June 2021
Another merger move has been made by Regional Insurance Brokers, weeks after it announced the business will join forces with fellow Steadfast-backed broker Austcover...
Allianz Marine & Transit names new CEO
28 June 2021
Allianz Marine & Transit Underwriting Agency has promoted Ben Morgan to the role of CEO, effective next month...
AUB-backed SRG makes acquisition
28 June 2021
SRG Group, a WA brokerage half-owned by AUB’s Austbrokers, has acquired corporate insurance broking specialist Gibbscorp...
Hollard leaps ahead with CommInsure acquisition
21 June 2021
Hollard has entered into a deal to acquire Commonwealth Bank’s general insurance operation, expanding its business by around 50%, giving it a stronger position in personal lines and adding distribution...
Axis Underwriting GM elevated to CEO, MD
21 June 2021
Axis Underwriting has announced the promotion of GM Ivan Verescuk to MD and CEO, taking over from Gary Dawson who is stepping down on July 1 after running the business for the last 22 years...