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...
Corporate
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...
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...
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...