Tower puts Lake Ohau fire claim losses at up to $6.5 million
12 October 2020
New Zealand insurer Tower has projected an initial pre-tax claims impact of $NZ5-7 million from last week’s wildfire at the South Island hamlet of Lake Ohau...
Corporate
Swann add-on processes face class action scrutiny
05 October 2020
Commission payments and authorised representative training for add-on product sales will be under scrutiny as part of a class action against IAG subsidiary Swann, Federal Court documents show...
PSC takes control of Perth and UK brokerages
05 October 2020
PSC Insurance Group has acquired full ownership of Perth-based broking business AR and Turner Financial Services in the UK, investing more than $7 million to buy up the remaining 30% it did not already own in the two entities...
Allianz names new CEO at Club Marine
05 October 2020
Recreational boat insurer Club Marine has appointed Karen Te Maipi as CEO, taking over from Simon McLean who is now GM Automotive and Marine at parent company Allianz...
McLarens acquires NZ’s claims manager
05 October 2020
McLarens has acquired CNZ Group Holdings, an Auckland-based claims manager that is employee-owned and an affiliate of Crawford & Company...
Delta takes cyber offer to Europe, eyes US
05 October 2020
New Zealand-based Delta Insurance Group has signed a European marketing and distribution agreement for its Personal Cyber Insurance product with the UK’s Prospect Insurance Brokers...
QBE anchor investor in Save the Children fund
05 October 2020
QBE has become the anchor investor in Save the Children’s Impact Investment Fund as part of its Premiums4Good initiative, which has climbed to $US904 million in impact investments over five years...
NZ’s Rothbury heads west
05 October 2020
New Zealand’s Rothbury Insurance Brokers has opened a new Greymouth office and appointed Kirstie Barlow to look after west coast clients with the support of the team in Nelson...
AM Best affirms Tower’s A- rating
05 October 2020
AM Best has affirmed the financial strength rating of Tower Limited at A- and long-term issuer credit rating at a- following a move by the New Zealand insurer to simplify its corporate structure...
AUB pursues options for sale of rehab assets
28 September 2020
AUB has appointed PwC to assist with the potential sale of its Altius rehabilitation and health business as the company returns to a focus on its core broking operations...
Youi to gain CTP licence in NSW
28 September 2020
The State Insurance Regulatory Authority says it intends to issue a compulsory third party licence to Youi, making it the first insurer to be added to the scheme since reforms were introduced in 2017...
Ryno Underwriting is now ShieldCover
28 September 2020
Brisbane-based Ryno Underwriting has rebranded as ShieldCover from October as part of a business growth strategy...
Aon adds Victoria, NT real estate association deals
28 September 2020
Aon has announced new partnerships with the Real Estate Institute of Victoria and the Real Estate Institute of the Northern Territory...
ProRisk offers prizes with launch of Association Liability
28 September 2020
Professional Risk Underwriting, or ProRisk, has introduced a new association liability policy for SME associations and not for profit organisations...
Westpac welcomes back ex-IAG chief Mike Hawker
28 September 2020
Former IAG MD and CEO Mike Hawker has been appointed to the board of Westpac, effective in November...
QBE joins UN Global Compact on sustainability
28 September 2020
QBE has signed on as a participant of the UN Global Compact on sustainable development, supporting its 10 principles on human rights, labour, the environment and anti-corruption...
Former CFO Nick Hawkins to take lead at IAG
21 September 2020
IAG has named Nick Hawkins as CEO, taking over from Peter Harmer on November 2...
FSU says Suncorp job cuts ‘impact insurance’
21 September 2020
The Finance Sector Union says some of the 550 jobs facing the axe at Suncorp will come from insurance...
PSC Network Partners provides ‘improved capability’
21 September 2020
PSC Insurance Group has integrated its two authorised representative networks under one structure in a move that improves efficiencies...
Hollard unveils new SME support measures
21 September 2020
Hollard Commercial Insurance has announced new initiatives such as a credit terms extension for brokers to support SME clients through the current economic slump...