Oracle Group expands into NSW
10 August 2020
Perth-based Oracle Group Australia says NSW-based Affinity Insurance Services has agreed to merge with it, ending months of talks that began last October...
Corporate
NTI buys NZ work safety consultancy
10 August 2020
NTI has acquired Success Formula, a New Zealand consultancy that specialises in advising companies on ways to implement work safety policies and procedures...
Emergence acts as personal cyber risks rise
10 August 2020
Cyber insurer Emergence has introduced a product aimed at families and individuals, while warning that the COVID-19 pandemic has accelerated a trend toward increasing risks as more people study and work from home...
Vero extends Risk Profiler tool to New Zealand
10 August 2020
Vero has launched an expanded version of its SME Risk Profiler tool in New Zealand as firms look for assistance in reducing potential exposures...
Kerrie Lalich to head Lawcover Insurance
10 August 2020
Lawcover has named Kerri Lalich as its new CEO, promoting her to the top role after more than seven years on the leadership team...
Aon nurtures IT experts with career coaching
10 August 2020
Aon says more than 250 of its technology experts in Australian and New Zealand have completed in-house training programs offering career guidance and skill development...
Further changes expected at Suncorp following internal merger
03 August 2020
Suncorp’s Commercial and Intermediary Distribution teams are being merged leading to another key departure – and more changes are expected as a new operating model is embedded...
Axa XL names new chiefs for distribution, underwriting
03 August 2020
Axa XL has named Etienne Champion as Chief Underwriting Officer for Asia and Europe, and Bruno Laval as Chief Distribution Officer Asia and Europe as part of changes to its insurance operating model...
Swiss Re swaps roles for local and regional leaders
03 August 2020
Swiss Re Head of Property and Casualty Underwriting APAC Sharon Ooi will start next month as Head of Australia and New Zealand Operations...
Claim reserves eat into Genworth’s Q2 results
03 August 2020
Genworth Mortgage Insurance’s loss ratio blew out to 87% in the second quarter as it earmarked $35.5 million for expected future COVID-19-related claims...
HDI steps up M&A presence with new underwriting partner
03 August 2020
HDI Global Specialty announced today it has reached agreement with specialty insurance platform Fusion to offer additional capacity in the mergers and acquisitions space in Australia...
Shareholder drops plan to take over iSelect
03 August 2020
iSelect says major shareholder Innovation Holdings Australia has dropped plans to launch a takeover of the company amid impacts from the COVID-19 pandemic...
Ensurance says UK business growing despite lockdown
03 August 2020
Underwriting agency Ensurance says its main UK and international operations performed strongly in the June quarter, suffering just a brief dip in business during the recently ended virus lockdown...
Cyber attack had ‘minimal impact’ on Xchanging clients
03 August 2020
The recent ransomware attack on Xchanging had “minimal impact” on its customers, parent company DXC Technology said in an update...
IAG flags hit to earnings
27 July 2020
IAG expects to record sharp falls in earnings for the last financial year as the business copped a huge blow from adverse natural perils, prior period reserving and credit spread factors...
QBE sees pandemic impact on ‘multiple lines’
27 July 2020
QBE has forecast COVID-19 costs could be around $US600 million, including impacts on multiple lines of business this year and next...
Gallagher acquires another Queensland brokerage
27 July 2020
Gallagher has acquired Brisbane-based Southbank Insurance Brokers as it continues to expand in Queensland...
Steadfast set to achieve pre-pandemic earnings targets
27 July 2020
Steadfast Group is on course to achieve the 2019/20 earnings targets it had set until the pandemic broke out in March, forcing the broker to discard the guidance...
Pandemic boosts demand for efficient technology: BAIS
27 July 2020
Insurance technology firm BAIS says more companies are looking to launch digital products and remove inefficiencies in existing systems as the pandemic accelerates change...
Genworth explains promissory notes issuance to Axa
27 July 2020
Genworth Mortgage Insurance Australia says Axa does not have “any ability to control votes attached to secured shares” in the business after the French insurer was issued promissory notes that are backed by a portion of its US-based parent’s stockholding...