Nexus Advisernet formed after equity deal
01 February 2021
Insurance Advisernet’s joint-equity vehicle IA Equity Partners is investing in WA broker Nexus Risk Services in a transaction intended to boost its distribution network...
Corporate
QBE, IAG finalise reinsurance programs
01 February 2021
QBE has raised its net catastrophe allowance this year to $US685 million, up from $US550 million last year while finalising a reinsurance program that reflects heightened frequency...
PSC sets up Irish subsidiary for post-Brexit EU
01 February 2021
PSC Insurance Group has registered a newly created subsidiary with the Central Bank of Ireland, a move that will allow its UK broking arms to continue serving clients in the European Union post-Brexit...
360 launches CGU-backed fleet motor product
01 February 2021
Underwriter 360 Commercial Motor has launched a fleet product with backing from CGU Insurance...
AUB completes health and rehab exit
01 February 2021
AUB Group will sell its holding in health and rehabilitation group Altius to The Riverside Company after flagging last year that it was looking to exit the business...
McLardy McShane adds Tamworth branch
01 February 2021
McLardy McShane Insurance Brokers has expanded its network in regional NSW via a joint venture with Tim Hardy, who is leaving Canberra to move back home to Tamworth and operate from new branch offices...
Builder partners with RACQ in ‘event-prone’ Queensland
01 February 2021
Johns Lyng Group has agreed a one-year deal with RACQ to provide building and restoration services for insurance claims across Queensland...
ProRisk rolls out cyber offering
01 February 2021
Underwriting agency ProRisk has introduced a cyber product to meet growing demand from businesses for protection against digital risks...
CBA’s insurance arm may be pitched to big insurers
14 December 2020
Speculation is growing that the Commonwealth Bank may pitch its $1 billion general insurance business to four major insurers in the local market as early as next year...
QBE names new risk chief
14 December 2020
QBE has announced Fiona Larnach will take over the role of Group Chief Risk Officer in March next year. She will replace Peter Grewal, who has decided to return to the UK...
MGA links with Austbrokers HCI in Toowoomba
14 December 2020
Adelaide-based MGA Insurance Brokers has entered into a joint venture with fellow AUB Group broker Austbrokers HCI in Toowoomba...
IAG urges Australians to prepare for tropical cyclones, floods
14 December 2020
IAG has issued new fact sheets educating Australians about tropical cyclone and flood risk and encouraging them to take action to prepare for destructive weather events...
Assetinsure names McConnell to succeed Pfitzer
14 December 2020
Assetinsure has appointed Martin McConnell to take over as CEO from Gregor Pfitzer, who is leaving the company...
Pacific International’s growth plan carries ‘execution risks’: AM Best
14 December 2020
AM Best has downgraded its outlook for Pacific International Insurance’s Australian arm to negative from stable, citing the “high levels of execution risks” presented by its growth plan for the business...
CFC launches underwriting platform for cyber products
14 December 2020
Specialist insurance provider CFC Underwriting has rolled out a cyber-focused underwriting platform in Australia for brokers to arrange covers for SME clients...
Allianz fast-tracks COVID refund self-serve portal
14 December 2020
Allianz Partners Australia has launched a new self-serve portal to automatically calculate premium refunds that customers impacted by COVID-19 customers might be entitled to...
Cover-More takes flight with Japan’s Peach
14 December 2020
Zurich-owned Cover-More has partnered with Japanese low-cost carrier Peach Aviation to provide travel insurance...
A&G selects UK cloud-based platform for pet insurance
14 December 2020
Auto & General has deployed UK insurtech Aquarium Software’s cloud-based platform, a one-stop solution for pet insurers...
Allianz boosts consumer portfolio with Westpac deal
07 December 2020
Allianz has boosted its consumer portfolio in Australia with the $725 million acquisition of Westpac’s general insurance business...
360 Underwriting sees opportunities after AUB deal
07 December 2020
360 Underwriting Solutions says it remains on the lookout for growth opportunities as it builds from an expanded base within AUB Group following an acquisition and restructuring deal...