QBE eases trade credit cover cutback
06 April 2020
A backlash from brokers and customers has prompted QBE to soften its plan to cut back its trade credit protection cover in response to the coronavirus crisis...
Corporate
Sportscover offers payment, online training assistance
06 April 2020
Sportscover will offer payment assistance and online fitness training coverage to clients facing coronavirus pressures as part of measures agreed with its Lloyd’s syndicate partners...
PSC moves ahead with Asia expansion
06 April 2020
PSC Insurance Group will expand into Asia after shareholders last week overwhelmingly approved the purchase of Hong Kong brokerage Charter Gilman and another business that is also based in the financial hub...
QBE puts LMI sales on hold over COVID-19 risk
06 April 2020
QBE has informed its bank partners the business will not be providing lenders’ mortgage insurance to borrowers who work in sectors that have been severely affected by the coronavirus outbreak...
Johns Lyng 'doing everything' to carry out repair works during virus outbreak
06 April 2020
Building services provider Johns Lyng has put in place new measures to ensure the business can continue to keep up with "unprecedented demand" during the coronavirus outbreak...
BHSI launches liability protection for tech firms
06 April 2020
Berkshire Hathaway Specialty Insurance has today launched customisable professional liability protection policies for technology firms in Australia and New Zealand...
Emergence upgrades cyber policy wording
06 April 2020
Specialist cyber underwriting agency Emergence Insurance has upgraded policy wordings to expand coverage, following consultation with brokers and clients...
JAVLN platform joins Amazon's digital marketplace
06 April 2020
Business software developer JAVLN has secured a spot to sell its insurance software platform through Amazon Web Services Marketplace and its associated Consulting Partner Private Offers program...
Claim Central steps up to meet 'overwhelming demand' for remote assessing service
06 April 2020
Claim Central Consolidated has expanded its remote desktop assessing service to meet increased demand from insurance clients, who have had to adjust their practices to comply with the Government’s social distancing rules to contain the spread of the coronavirus outbreak...
QBE withdraws targets amid 'extraordinarily difficult' times
30 March 2020
QBE has withdrawn its guidance for financial targets this year due to the uncertainty caused by the coronavirus outbreak and has confirmed it will hold a "virtual" annual meeting in May...
AUB defers MGA acquisition and interim dividend
30 March 2020
AUB Group says it will not go ahead with the planned $140 million acquisition of Adelaide-based MGA Whittles at this stage and will defer payment of the interim dividend due to uncertainty around the impact of the coronavirus outbreak...
IAG holds on to earnings guidance despite pandemic disruptions
30 March 2020
IAG has provided a business update today, maintaining it is still on track for a reported margin range of 12.5-14.5% this financial year, despite the still unfolding fallout from the coronavirus outbreak...
Allianz taps Deloitte for CRO as Callahan retires
30 March 2020
Allianz Australia has appointed Tara Laybutt to take over as Chief Risk Officer from Lori Callahan, who is retiring after 18 years with the company...
Steadfast to update guidance 'when practical'
30 March 2020
Steadfast says it will provide an update on its expected financial performance and impact of the coronavirus situation "when practical" after last week withdrawing guidance for the current fiscal year...
Tower takes EQC to court for $80 million
30 March 2020
New Zealand insurer Tower has launched legal action against the Earthquake Commission to recover more than $NZ80 million which it says is owed for rectifying building issues following the Canterbury earthquakes...
Genworth cites social responsibility in pulling guidance
30 March 2020
Genworth Mortgage Insurance has withdrawn earnings guidance provided just last month as the economy reels from unprecedented measures taken to stop the spread of the COVID-19 pandemic...
SUA pursues waiver on unoccupied premises
30 March 2020
Underwriting agency SUA has pursued policy changes in the Lloyd’s market to ensure clients are not left without cover if properties are unoccupied for an extended period due to the coronavirus outbreak...
WTW tool tracks pandemic exposure for risk managers
30 March 2020
Risk managers can assess their COVID-19 property exposure in real-time using a new tool from Willis Towers Watson to help clients prepare for the "significant economic impact" of the pandemic...
360 continues rapid expansion, buys Ensurance
30 March 2020
Underwriting agency 360 Construction and Engineering has agreed to buy the local operations of Ensurance Underwriting for $1.1 million, plus an additional performance-related fee, as it continues to expand rapidly...
Employee wellbeing platform launched
30 March 2020
DXC Technology has announced the launch of a "community edition" of Springday, a digital evidence-based wellbeing platform designed to reduce psychological injury claims.