Tower says business is strong despite headwinds
30 November 2020
New Zealand’s third-largest general insurer, Tower, achieved a 23% jump in annual underlying profit to $NZ34.7 million and plans to launch new marine and pet products soon...
Corporate
IAG completes first stage of $750 million capital-raising
23 November 2020
IAG has completed the first stage of a $750 million capital-raising triggered after the NSW Court of Appeal last week ruled against insurers on a business interruption exclusion for COVID-19...
PSC enters trading halt, flags capital-raising
23 November 2020
PSC Insurance Group shares were placed in a trading halt this morning pending an announcement in connection with a capital raising...
Johns Lyng CEO sees strata work opportunity as ‘simply huge’
23 November 2020
Building services provider Johns Lyng says a key focus this year is developing its building and restoration services platform for strata insurers...
Blue Zebra set to launch SME offering
23 November 2020
Underwriting agency Blue Zebra is set to launch its SME product this week, having already rolled out commercial motor...
Suncorp-EQC deal paves way for Canterbury settlement
23 November 2020
Suncorp will move to settle cost allocations for claims arising from the 2010 and 2011 Canterbury earthquakes after reaching an agreement with New Zealand’s Earthquake Commission...
Suncorp BI claims provision rises to $195 million
16 November 2020
Suncorp has increased its total provision for COVID-related business interruption claims to $195 million after estimating Victoria’s second lockdown could have a much greater impact than earlier closures…
‘Strong momentum’ in Q1 buoys AUB
16 November 2020
AUB Group has lifted its earnings outlook after kicking off the new financial year with “strong momentum” in the first quarter…
New Cover-More CEO prepares for travel recovery
16 November 2020
Cover-More CEO Cara Morton says the travel insurer is set to take an innovative approach to the products and services it offers as domestic and international restrictions ease…
Zurich launches first reconciliation action plan
16 November 2020
Zurich Australia has unveiled its inaugural Reconciliation Action Plan, outlining the activities it will carry out over the next 12 months to support the Aboriginal and Torres Strait Islander communities…
Brokerage revamps its image
16 November 2020
Brokerage Delaney Kelly Golding, the firm co-founded more than 25 years ago by Steadfast CEO Robert Kelly, has unveiled a new look and launched a revamped website…
Suncorp expands support for vulnerable customers
16 November 2020
Suncorp has strengthened its support programs for vulnerable customers, offering Uniting’s CareRing referral service to all customers in need…
Gallagher’s Q3 revenue up 2% in Australia and NZ
09 November 2020
Gallagher achieved organic revenue growth of 2% in Australia and New Zealand combined in the September quarter...
Allianz Q3 operating profit declines in Australia
09 November 2020
Allianz has experienced a third-quarter property and casualty operating profit decline in Australia, while revenues were supported by pricing gains, according to figures released with the international group’s results...
Crawford bulks up legal service offerings with latest acquisition
09 November 2020
Claims management group Crawford & Company has strengthened its legal service offerings for insurance clients in Australia with a “game-changing” purchase of HBA Group, a law firm with a significant presence in the industry...
Coronavirus clouds Genworth’s claims outlook
09 November 2020
Genworth Mortgage Insurance Australia third-quarter claims activity was lower than expected due to pandemic-linked government and lender support packages, but the group has increased reserving as the measures also cloud future visibility...
Gallagher buys employee development firm
09 November 2020
Gallagher has acquired Brisbane-based Effectus Consulting, an employee and leadership development firm offering strategies for human resources and talent development...
New PI-focused brokerage ‘not deterred by hard market’
09 November 2020
Melbourne-based brokerage Insurance Lab has launched in the market with a focus on arranging professional indemnity insurance for engineering and construction clients including building surveyors, project managers and environmental consultants...
Crombie Lockwood buys Otago brokerage
09 November 2020
Crombie Lockwood, the New Zealand arm of Gallagher, has acquired Otago brokerage beSure...
IAG splits insurance operations, Milliner set to exit
02 November 2020
IAG will split its Australian business into direct and intermediated divisions as Australia Division CEO Mark Milliner exits the business...