AM Best lowers QBE long-term credit outlook to negative
15 March 2021
AM Best has lowered its Long-Term Issuer Credit Rating outlook on QBE’s key operating subsidiaries to negative, from stable, after its operating loss last year...
Corporate
Brokerage ‘won’t face any action’ following ASIC raid
15 March 2021
The Australian Securities and Investments Commission has confirmed it will not take enforcement action against Griffiths Goodall...
IAG keeps up with motor, property repairs despite challenging year
15 March 2021
IAG has released an annual report on how the insurer performed across its national motor and property repair networks in the last financial year...
Coverhero adds new Lucci home insurance offer
15 March 2021
Insurtech Coverhero is extending its range with a new home insurance offer called Lucci which uses 3D aerial imaging of properties to immediately provide tailored, real-time policies. Every Lucci policy will also offset at least 11 tonnes of carbon emissions, allowing customers to manage their carbon footprint...
Incoming QBE chief faces array of challenges: analysts
08 March 2021
Andrew Horton has his work cut out when he starts in September as QBE Group CEO, according to analysts who cover the listed insurer...
Munich Re promotes Scott Hawkins to Australasia MD role
08 March 2021
Scott Hawkins will step into the role of MD Australasia at Munich Re next month, overseeing the Australian and New Zealand businesses...
Honan boosts PI, construction with Bovill deal
08 March 2021
Honan Insurance Group has expanded its professional indemnity and construction capabilities with the acquisition of Bovill Risk & Insurance Consultants...
New acquisitions expand PSC’s UK presence
08 March 2021
PSC Insurance Group has further expanded its footprint in the UK with the acquisition of two commercial brokers for $66 million...
Genworth may benefit from US parent’s stake sale: S&P
08 March 2021
The sale of a majority stake in Genworth Mortgage Insurance Australia by its US parent may benefit the Lenders Mortgage Insurance provider as it enjoys greater flexibility from a fully floating share register, S&P says...
ShieldCover targets motor professionals
08 March 2021
Brisbane-based underwriting agency ShieldCover says its general and products liability offerings will now be available to professionals in the motor trades industry...
Insurx wins claims management contract with 360
08 March 2021
Claim Central Consolidated says its third party administrator division, Insurx, has secured a contract with underwriter 360 Commercial Motor...
Steadfast emerges strongly after COVID uncertainty
01 March 2021
Steadfast says it has emerged from the uncertainty created by the coronavirus pandemic in a strong position and expects the full-year result to be at the top of a previously released guidance range...
AUB sets higher bar as December half earnings surge 44.2%
01 March 2021
AUB Group says the business is enjoying good momentum as it again raised its earnings outlook for this financial year following a strong set of first-half results...
Union pledges to support QBE staff facing axe
01 March 2021
The Finance Sector Union says it will work to support about 40 QBE employees who have been told their roles are being made redundant...
GFI sells majority stake in Genworth, board members depart
01 March 2021
Genworth Financial Inc has sold its 52% stake in Genworth Mortgage Insurance Australia and no longer owns any shares in the company...
Nib Travel earnings collapse under pressure from COVID curbs
01 March 2021
Nib Holdings expects conditions to remain challenging for its travel insurance business as the division suffered a steep decline in first-half earnings due to border closures caused by the pandemic...
Insurance arm powers Johns Lyng’s first-half earnings
01 March 2021
Building services group Johns Lyng has raised its outlook for this financial year after a strong first-half performance, powered by its insurance-focused division...
Ensurance flags moves to grow UK business
01 March 2021
Underwriting agency Ensurance plans to expand its offerings in the UK to support the continued growth of the business...
Huddle enters partnership with Telstra
01 March 2021
Insurtech Huddle will offer personal insurance products such as home and motor to customers of Telstra as part of a partnership agreement between the two entities...
QBE looks to revival after full-year loss
22 February 2021
QBE Group says improvements in the business and further market strength give it confidence for the year ahead as it seeks to rebound from a $US1.52 billion loss...