PSC expects Paragon to maintain growth
01 June 2020
PSC Insurance Group says London-based Paragon International, the Lloyd’s broker it acquired last year for a base consideration of £42 million, has achieved revenue growth of 27% so far...
Corporate
ProRisk launches new trading platform for brokers
01 June 2020
Underwriting agency ProRisk launched its new proprietary quote-and-bind trading platform for brokers today...
Aon unveils 'greatly improved' real estate PI product
01 June 2020
Aon has announced a "greatly improved" professional indemnity insurance solution for the real estate sector, after negotiating a new arrangement with insurance partner CGU...
Swiss watch as new Zurich Tower in Sydney tops off
01 June 2020
A ceremony in North Sydney to celebrate construction of the new "Zurich Tower" was live streamed to the insurer’s head office in Switzerland last week...
Agile eyes booming gig economy
01 June 2020
A pay-as-you-go insurance product designed for the booming food delivery gig economy will be launched this month, security provider Agile Underwriting Services has announced...
QBE’s reinsurance will limit UK business interruption costs
25 May 2020
QBE, which faces a potential UK class action over cover for shutdowns, says reinsurance would limit its net business interruption claims costs in the country to $US75 million...
Steadfast update shows business holding up despite virus
25 May 2020
The latest update from Steadfast Group indicates business at Australia’s biggest brokerage has so far performed according to its pre-virus expectations...
PSC on course to meet earnings target despite disruption
25 May 2020
PSC Insurance Group says its business is performing according to guidance set before the virus pandemic broke out in March and remains on course to meet its earnings forecast for this financial year...
Flamingo Ai sells for $100 to meet capital demands
25 May 2020
Listed insurtech Flamingo Ai is being sold to an investment company in a deal that will be put to shareholders in the middle of the year...
QBE beats out Genworth in NAB tender for LMI deal
25 May 2020
QBE has won a tender to provide Lenders Mortgage Insurance to the home loan customers of National Australia Bank, securing the business previously held by Genworth...
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...
IAG invests in Australian rural intelligence start-up
25 May 2020
IAG has invested in rural intelligence start-up Digital Agriculture Services to help its customers better understand and manage their farm property risk by using insights from satellite imagery...
NM ties with Zurich as Proteus Marine goes to NZ
25 May 2020
NM Insurance has expanded its Proteus Marine Insurance brand into New Zealand...
Allianz supports international students with wellbeing program
25 May 2020
Allianz has launched a new wellbeing program for international students and visitors in Australia who have experienced isolation during the COVID-19 pandemic...
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...
Allianz says bushfires slice a third from Q1 profit in Australia
18 May 2020
Allianz says its Australian profit dropped by a third in the first three months of 2020 as unprecedented bushfires devastated the nation...
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...
360Globalnet introduces new digital claims platform
18 May 2020
Claims specialist 360Globalnet has introduced a new digital platform which promises faster claim lifecycles, saving brokers time and hassle...
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...