17 February 2020
QBE announced today a 41% jump in after-tax net profit to $US550 million for 2019, as hardening rates partially cushioned the business from significant Australian bushfire claims and weaker results from its US crop portfolio...
17 February 2020
AUB Group will take full ownership of MGA Whittles, one of Australia’s largest insurance brokers, in a $140 million deal, and has also paid $132 million for a 40% stake in online distribution platform BizCover...
17 February 2020
AIG Australia has launched a new home insurance product for high net worth families to combat cyber crime...
17 February 2020
Agile Underwriting has moved into the casualty space as the multi-class insurtech looks to expand its business in Australia...
17 February 2020
Suncorp’s after tax profit from ongoing functions was $396 million for the six months to December 31, down 6.2% on the previous corresponding period...
17 February 2020
IAG says premium pricing impacts from this summer’s bushfires are likely next financial year as the industry deals with repercussions from the catastrophe...
17 February 2020
Some $112 million in insurance claims stemming from bushfires and Queensland hailstorms dented earnings at the Commonwealth Bank of Australia in the last half of 2019.
17 February 2020
Suncorp's sound underlying earnings and robust capital adequacy will help it withstand heightened disaster-related claims, S&P says...
17 February 2020
QBE Group has appointed former IAG CEO Mike Wilkins as chairman, effective from next month...
17 February 2020
New Zealand insurer Tower says gross written premium rose 8% in the first four months of its financial year, and the company remains on track to achieve full-year guidance...
17 February 2020
AM Best has affirmed Hollard Australia’s credit ratings and says the outlook is stable, reflecting a strong balance sheet, adequate operating performance and appropriate risk management...
10 February 2020
IAG has created a new Strategy & Innovation division to further strengthen its technological edge...
10 February 2020
Swiss Re Corporate Solutions will provide capacity for Professional Risk Underwriting as the agency pursues plans to expand its business...
10 February 2020
Willis Towers Watson has hired Adam Matteson as Head of Richard Oliver Underwriting Managers, a Melbourne-based business it acquired in the mid-1990s...
10 February 2020
Genworth Mortgage Insurance Australia posted underlying net profit of $97 million in 2019, as favourable market conditions spurred housing market activity, especially in the second half when gross written premium rose 29%...
10 February 2020
Former CBL Insurance CEO Peter Harris has pleaded not guilty to criminal charges over his alleged actions that led to the liquidation of the New Zealand insurer in November 2018...
10 February 2020
PSC Insurance Group announced today it will acquire the business assets of Ultimate Safety Solutions Australia, a Perth-based health, safety, environment and quality consultancy...
03 February 2020
Blue Zebra is still working to secure a new underwriting partner after Zurich last month announced it will cease providing security for the underwriting agency’s personal lines and SME policies...
03 February 2020
IAG Group Executive Strategy and Corporate Development David Harrington will step down at the end of next month...
03 February 2020
Suncorp says its full-year natural hazard costs should remain with a $820 million allowance given strengthened reinsurance protection, despite an “unprecedented” start to the summer catastrophe season...