Fitch forecasts QBE financial performance will stabilise
13 December 2021
Fitch Ratings says expectations of a stabilisation in QBE’s earnings status has prompted it to revise its outlook for the Australian insurer to stable from negative...
Corporate
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...
Suncorp staff 'Lycra up' to raise $1 million for cancer research
13 December 2021
Suncorp’s new Spirit to Cure initiative has raised $1 million to aid cancer research, support and prevention...
WTW acquires aviation specialist Aerosure
06 December 2021
Willis Towers Watson today announced the acquisition of Sydney-based aviation brokerage Aerosure...
Class action firm targets IAG over BI claims exposure
06 December 2021
IAG shareholders affected by a stock price slump triggered by a market update on COVID-related business interruption claim provisions are signing up to participate in a class action against the insurer...
Building group extends insurance repair contract with Suncorp
06 December 2021
Johns Lyng Group has extended a contract with Suncorp under which it provides domestic building insurance repairs across NSW, Victoria, Queensland, SA, the ACT and the NT...
Trident Underwriting becomes Coast Insurance
06 December 2021
Marine specialist Trident Underwriting has rebranded as Coast Insurance to reflect its expansion into other areas of commercial cover and its operation as a standalone agency...
Underwriter IIS acquires stake in energy specialist AMIR
06 December 2021
Strata underwriter Insurance Investment Solutions has purchased a strategic shareholding in energy underwriting specialist Asia Mideast Insurance and Reinsurance...
Suncorp completes exit from RACT Insurance
06 December 2021
Suncorp has sealed the divestment of its 50% stake in RACT Insurance for $83.75 million to mutual motoring body RACT Group, which owns the other half of the Tasmanian joint venture...
Ensurance MD named as CEO
06 December 2021
Underwriting agency Ensurance announced today MD Tom Kent will become CEO on January 1 while Executive Chairman Tony Leibowitz will revert to a non-executive role...
Envest-owned Ken Tame rebrands
06 December 2021
Caravan and recreational vehicle underwriting agency specialist Ken Tame and Associates has completed a branding makeover, abbreviating its name to KT Insurance and unveiling a new look...
Mecon introduces revamped broker quoting system
06 December 2021
Construction underwriter Mecon Insurance says it has a new, vastly improved online system which simplifies quoting and saves brokers time...
Court date set for Greensill action against IAG
29 November 2021
The Federal Court has scheduled an initial hearing for a Greensill action filed last week against IAG over a $US35 million trade credit insurance claim...
Peter Lowe to head Lockton New Zealand
29 November 2021
Lockton New Zealand has appointed Peter Lowe as CEO after opening a kiwi operation in September...
Tower introduces house fire caps
29 November 2021
New Zealand’s Tower has made changes to its underwriting after experiencing an unusual run of large claims from house fires and an 8% drop in full-year earnings...
Coversure offers increased PL capacity for amusement, leisure industry
29 November 2021
Specialist underwriting agency Coversure says it can now write up to $20 million for each public liability (PL) insurance policy issued to clients in the amusement, leisure and entertainment industry...
Genworth unveils share buyback program
29 November 2021
Genworth Mortgage Insurance Australia will commence a stock buyback program, returning to shareholders up to a maximum aggregate value of $100 million...
Vero, Good Shepherd NZ extend affordable car cover pilot
29 November 2021
Vero and Good Shepherd in New Zealand have extended a product trial aimed at providing affordable car insurance to people on limited incomes following positive early take-up...
Genworth board adds two directors
29 November 2021
Alistair Muir and Gerd Schenkel have been appointed to the board of Genworth Mortgage Insurance, effective December...