Mutual bond insurer sets up shop in Australia
23 September 2024
Build America Mutual is opening an office in Melbourne as it expands into the Australian and New Zealand markets...
Corporate
Steadfast defends reputation after ABC report
16 September 2024
Steadfast Group has rejected allegations made in the Four Corners program last week, saying important information was selectively presented and it is fully committed to a transparent and competitive marketplace...
Lockton recruits key player in claims expansion
16 September 2024
Lockton is expanding its claims offering under the leadership of former Gallagher claims head Adam Squire...
IAG ‘accelerates’ electric fleet shift
16 September 2024
IAG says it will transition its fleet of more than 900 vehicles in Australia and New Zealand to electric or hybrid models by mid-2030 and is installing chargers at employees’ homes...
Tokio Marine appoints audit chief
16 September 2024
Tokio Marine Management Australasia has appointed Ankitha Mahishi as head of internal audit...
Nib’s new CEO to step up in December
16 September 2024
Nib Holdings’ incoming CEO and MD Ed Close will take the reins on December 1, replacing Mark Fitzgibbon, who is retiring after leading the business for more than 22 years...
WTW launches tech industry unit
09 September 2024
WTW has formed a dedicated technology industry practice in Australia and New Zealand, led by cyber risk specialist Ben Di Marco...
Tower holds course after strategic review
09 September 2024
New Zealand insurer Tower says its ownership structure will continue unchanged following a review, although it is “open to considering any future proposals or opportunities”...
American vehicle parts company buys Australian supplier
09 September 2024
US-based Global Parts Company is expanding in the collision repair sector with the acquisition of a business that operates five distribution centres across Australia...
UK law firm seals Proclaim acquisition
09 September 2024
British law firm DWF has completed its acquisition of claims manager Proclaim...
Acquisitions, rate gains boost Steadfast outlook
02 September 2024
Steadfast has forecast underlying net profit this year will rise to $290-$300 million as it targets about $300 million of acquisitions and sees further premium increases...
Agile branches out in New Zealand
02 September 2024
Agile has opened a New Zealand division to enhance “enhance its capability to service ... business in its general aviation, accident and health, casualty and professional lines”...
Johns Lyng hails record result for insurance unit
02 September 2024
Johns Lyng Group’s core insurance building and restoration services operation has reported a record business-as-usual result for last financial year...
AMI RepairHub opens in Queenstown
02 September 2024
IAG NZ-backed RepairHub has opened a new branch after buying Queenstown Collision Centre...
PSC takeover likely to close in October
26 August 2024
Ardonagh’s $2.3 billion acquisition of PSC Insurance Group is expected to take effect in October, assuming shareholders vote in favour of the deal at meetings next month...
IAG eyes new growth phase after period of ‘heavy lifting’
26 August 2024
IAG says stronger earnings last financial year reflect operational improvements and it will now focus on its “next phase of growth”...
AUB plans further agency, UK growth
26 August 2024
AUB Group says it aims to grow its Australian agencies and UK retail broking businesses after booking a double-digit rise in 2023-24 earnings...
Mortgage trends dent Helia GWP, profit
26 August 2024
Helia’s Group’s gross written premium fell 11% to $85.9 million in the first half as banks self-insured and fewer property buyers borrowed at levels requiring lenders’ mortgage insurance...
Cover-More launches add-on cancellation protection
26 August 2024
Cover-More has introduced a market-first cancellation product for its travel insurance, protecting against a wider range of circumstances than previously available...
AMA loss narrows after business reset
26 August 2024
Collision repairer AMA Group has reported a full-year net loss of $6.8 million, improving from a $146.8 million deficit after board and senior management changes and actions to turn around the business...