Suncorp makes claims team changes
02 November 2020
Suncorp has made key changes to its claim operations following the restructuring of the insurance business into two divisions, as it continues to finalise arrangements under the new model...
Corporate
PSC eyeing more UK acquisitions
02 November 2020
PSC Insurance Group is looking to step up its presence in the UK market, where the business has made a number of strategic acquisitions in the past few months to increase its reach...
Steadfast draws confidence from ‘excellent’ Q1, raises earnings guidance
02 November 2020
Steadfast Group says the business has made a “tremendous start” to the new financial year, with underlying earnings before interest, tax and amortisation in the first quarter about 20.7% ahead of the same period a year earlier...
Bushfires, COVID hit Westpac’s insurance businessses
02 November 2020
Westpac reported today a sharp earnings decline in its general and life insurance arms, with the bank confirming it no longer sees a future in the businesses following the completion of a strategic review and is committed to divesting the assets at the right time...
RACQ surplus drops after investments, claims hit
02 November 2020
Motoring assistance group and insurer RACQ has reported a net surplus drop last financial year following weaker investment returns and increased claims, while benefitting from a jump in gross written premium...
Aon partnership provides PI to patent attorneys
02 November 2020
Aon has entered into a partnership with the Institute of Patent and Trade Mark Attorneys of Australia to offer its 900-plus members professional indemnity insurance and other services...
Ensurance reports strong start to financial year
02 November 2020
Underwriting agency Ensurance says its business has made a “strong start” to the current financial year, with the UK operations generating profits for the first time since it began trading there a few years ago...
IAG reports 'low single digit' premium growth in Q1, defends pay deal
26 October 2020
IAG recorded “low single digit” growth in gross written premium in the opening quarter of the current financial year, the insurer told shareholders at Friday’s annual general meeting...
Suncorp business reset ‘well underway’
26 October 2020
Suncorp CEO Steve Johnston says a program to “reset” the business and pursue opportunities following COVID-19 is well underway...
Pryce leads in the interim as QBE’s CEO search continues
26 October 2020
QBE says the appointment last week of group executive Richard Pryce as interim CEO will provide continuity as a search continues to fill the top role on a permanent basis...
Picnic syndicate gains in-principle Lloyd’s approval
26 October 2020
Lloyd’s has granted in-principle approval under an innovation program for a new syndicate to support mutuals brought to the market by Sydney-based insurtech Picnic Labs...
ANA Loss Adjusters appoints new CEO
26 October 2020
ANA Chartered Loss Adjusters has appointed Chay Wilkinson as CEO, effective in January, and plans to take on additional adjusters across Australia...
Club Marine quits New Zealand market
26 October 2020
Recreational boat insurer Club Marine has announced it will pull out of the New Zealand market...
Insurance House expands in NSW
26 October 2020
Insurance House has expanded in NSW with the acquisition of a key stake in authorised representative Commercial Insurance Group, based in the south-eastern Sydney suburb of Rockdale...
Travel insurance specialist ‘hibernates’ as volumes plummet
19 October 2020
TravelCard today announced “the difficult decision” to put the business into hibernation and pause operations...
PSC snaps up another UK brokerage for $15.5 million
19 October 2020
PSC Insurance Group announced today it has acquired another London brokerage for £8.51 million, further expanding its reach in the UK market...
IAG and union battle over enterprise pay deal
19 October 2020
IAG has defended a proposed enterprise pay and conditions agreement, saying the company is “not immune” from the impacts of COVID-19 and the offer achieves the right balance between the needs of employees and the business...
Coverforce defends new PI product
19 October 2020
Coverforce has moved to dispel doubts on a new professional indemnity insurance product after a surveyors’ group warned the cover may not meet Australian regulations...
Steadfast boosts training with Gold Seal purchase
19 October 2020
Steadfast has boosted its education and training capabilities with the acquisition of Gold Seal Practice Management and Gold Seal Intellectual Property...
Builder nails insurance services deal with Westpac
19 October 2020
Johns Lyng Group has signed a contract with Westpac General Insurance to provide building and restoration services for insurance claims across the insurer’s national client base for an initial period of three years...