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Corporate

Tower plans to simplify its corporate structure

25 May 2020

New Zealand insurance group Tower has announced plans to simplify its corporate structure, a move that will make Tower Insurance the listed parent company of the business...

US equity firm takes a stake in Honan

18 May 2020

Melbourne-based Honan Insurance Group has entered into a definitive strategic investment deal with US private equity firm TA Associates, the two companies announced today...

John Mutton to lead Austbrokers Corporate

18 May 2020

AUB has appointed John Mutton to head its Austbrokers Corporate business following a rebranding and overhaul of Sydney-based broking firm InterRISK...

Rural Affinity re-signs with Great Lakes

18 May 2020

Rural Affinity has again teamed up with Great Lakes Australia, signing a five-year agency and claims services agreement with the Munich Re-owned business...

Fitch lowers Genworth rating on COVID-19 fallout

18 May 2020

Fitch has lowered its Insurer Financial Strength rating on Genworth, reflecting the economic fallout of the COVID-19 pandemic on the Australian lender's mortgage insurance provider...

Suncorp well-placed to absorb virus impacts: S&P

18 May 2020

S&P Global Ratings says Suncorp’s update on COVID-19 related impacts has moderated its expectations for full-year earnings but has not undermined its view of the company’s underlying operations...

Aon targets Australian firms with new IP capacity

18 May 2020

Aon has established a new underwriting platform which it says has the world's largest capacity for intellectual property liability, saying the importance of risk mitigation in this area has never been higher...

AM Best cuts Ansvar outlook to negative

18 May 2020

AM Best has cuts its outlook for church, education and heritage insurer Ansvar to negative from stable due to financial impacts from exposure to physical and sexual abuse claims, discount rate movements and catastrophe events...

Suncorp foresees GWP, claims impacts from coronavirus

11 May 2020

Suncorp expects a "modest drag" on gross written premium this financial year due to the take-up of hardship options and lower economic activity amid the COVID-19 outbreak, while landlord claims are set to rise...