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...
Corporate
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...
PSC on target as half-year earnings increase by more than 50%
22 February 2021
PSC Insurance Group says pre-tax earnings grew in excess of 50% in the six months to December 31 as forecast, driven by strong organic growth and solid contributions from recently acquired businesses, especially in the UK...
UK investment will take Resilium forward: Kitchin
22 February 2021
Resilium CEO and MD Adrian Kitchin says the strategic investment from Ardonagh Group - the UK’s largest independent insurance broker - is a boost to the authorised representative network’s growth plans...
AUB looks to global markets for complex risk placements
22 February 2021
AUB Group expects to place more of its complex risk business outside of Australia as challenging conditions at home show no signs of easing in the near future...
AM Best affirms Hollard credit ratings
22 February 2021
AM Best has affirmed Hollard’s A- credit rating and says the outlook is stable...
Insurance House looks to scale up presence
22 February 2021
Insurance House Group expects to make further merger announcements after the Melbourne-based business entered into “strategically timed” partnerships with PSB Insurance Brokers and Malcolm Hutson & Associates...
Blue Zebra cyber cover gets thumbs up after pilot run
22 February 2021
Blue Zebra has launched cyber insurance cover after completing a successful pilot program...
Tower acquires legacy ANZ policies
22 February 2021
New Zealand’s Tower has acquired 23,000 legacy insurance policies it underwrote during the two decades to 2009, ending payments of commission to ANZ...
Custom Home sales end as Steadfast Domestic expands
22 February 2021
Steadfast says its Custom Home Insurance underwriting agency will cease offering new business or renewal terms on home and contents and landlords products from the start of April following the expansion of Steadfast Domestic...
Second test case will provide BI claims ‘guardrails’: IAG
15 February 2021
A second test case on COVID-19 business interruption claims is needed to create “industry guardrails” for how policies should respond, IAG CEO Nick Hawkins says...
Suncorp earnings rise as improvements pursued
15 February 2021
Suncorp earnings increased in the first half as higher premiums contributed to gains and the company says improvements it’s making in underwriting, distribution and claims will drive future growth...
Suncorp ends consumer sales through Vero
15 February 2021
Vero will no longer sell consumer and construction insurance through Australian brokers after moves to improve the performance of the business segments did not deliver required results for parent company Suncorp...
CBA general insurance earnings improve in December half
15 February 2021
Commonwealth Bank says its general insurance business improved its cash earnings in the half-year to December 31 to $91 million, due to lower catastrophe claims losses...
Genworth GWP jumps 30%, ready to withstand future claims
15 February 2021
Gross written premium at Genworth Mortgage Insurance jumped almost a third to $561.7 million last year and the lenders mortgage insurance heavyweight says it is ready for an expected surge in claims this year as stimulus support measures taper off...