Flamingo agrees sale to BDNM
31 August 2020
Listed insurtech Flamingo AI has agreed to sell its Flamingo Customer Experience and Flamingo Ventures businesses to BDNM Investments.
Corporate
PSC earnings soar 32.7% on acquisitions, organic growth
24 August 2020
PSC Insurance Group announced today full-year underlying earnings exceeded $57 million as previously flagged, with acquisitions and organic growth combining to cushion the economy-wide impact of COVID-19...
Suncorp pushes for ‘nation-building’ disaster mitigation
24 August 2020
Suncorp has launched a renewed push for investment in disaster mitigation measures as the ideal way to stimulate the economy...
Resilium focuses on growth after Coverforce deal unwound
24 August 2020
Authorised representative network Resilium says it is focusing on the growth of the business as equity and financial arrangements with Coverforce are unwound following court rulings...
Axa XL commits to Australian financial lines
24 August 2020
Axa XL says it will continue to provide "best in class" solutions and accept new business for Australian financial lines, rejecting suggestions that it is pulling back from the local market...
HustleCover offers safety net to hard-struck gig workers
24 August 2020
Insurtech Coverhero says its income protection product HustleCover is extending a timely lifeline to vulnerable gig-economy workers who have been hit hard by COVID-19...
Insurance arm boosts Kogan earnings
24 August 2020
Online retailer Kogan.com has posted a near 56% rise in full-year net profit to $26.8 million, aided by a strong performance from its insurance unit...
CyberCX expands IT security business to New Zealand
24 August 2020
Australian digital security firm CyberCX has launched a New Zealand operation, investing more than $NZ30 million initially to have a crack at the country’s $NZ600 million cyber security market...
TAS sees insurance boost from acquisition of cloud provider
24 August 2020
Cloud solutions provider TAS is expecting a boost in business from the insurance sector following its acquisition of rival Experteq...
Long time coming: Steadfast secures GSA stake
17 August 2020
GSA Insurance Brokers has sold a controlling shareholding to Steadfast, fulfilling a promise made more than a decade ago...
Cover-More helps drive 40% decline in Zurich profit
17 August 2020
Zurich’s business operating profit fell 40% in the first half, in part driven by losses incurred at its Australia-based travel business Cover-More...
Virus actions averted extreme risks, says Regan
17 August 2020
Government and central bank responses to the COVID-19 pandemic have eased claim pressure risks even as the global economic outlook remains uncertain, QBE CEO Pat Regan says...
Marsh creates regional Risk Management Leader role
17 August 2020
Marsh has created the new role of Risk Management Leader for the Asia and Pacific regions to assist larger clients amid a difficult environment...
Bushfire claims dent bank’s income
17 August 2020
Higher insurance claims related to bushfires have contributed to a 4% decline in annual operating income at major bank CBA...
HDI partners with Precision on aviation platform
17 August 2020
HDI Global Speciality has partnered with insurtech Precision Autonomy to develop an aviation platform that it expects will be rolled out globally following an Australian launch today...
UbiCar motor app secures new capital
17 August 2020
Insurtech Ubi Technology has raised new capital from a group of local and overseas investors to support the expansion of its app-based UbiCar motor insurance business...
Cover Genius expands in Asia, appoints MD
17 August 2020
Insurtech Cover Genius has appointed Arijit Chakraborty as MD for Southeast Asia and India as it targets fast business growth in retail, travel, fintech, logistics and mobility in the region...
Hollard-backed insurtech gets funding for global expansion
17 August 2020
Insurtech Open will use the $3.1 million in new capital funding from longtime backer Hollard and local venture capital firm AirTree Ventures to expand its recently launched digital broker platform in new markets including the UK and New Zealand...
IAG confident on BI policies, stresses government role
10 August 2020
IAG is confident it will not be exposed to a wave of business interruption claims flowing from COVID-19 shutdowns but has backed the role of test cases in removing any doubts...
QBE’s Bhatia moves to run Link Group
10 August 2020
Vivek Bhatia is leaving QBE, and the insurance industry, to lead listed information solutions company Link Group...