IAG braces for earnings hit from hailstorm
03 February 2020
IAG has cut its earnings outlook for this financial year, citing last month’s hailstorm event as a key trigger for the downgrade...
Corporate
AIG’s summer exodus continues
03 February 2020
AIG’s International General Insurance CEO Chris Townsend and Asia Pacific CEO Sachin Shah have left the insurer to “pursue other opportunities”...
HDI signs drone cover deal with insurtech
03 February 2020
HDI Global Specialty SE Australia has appointed Precision Autonomy to underwrite and accept commercial drone insurance under a new partnership...
New acquisition a ‘great addition’ to PSC broking business
03 February 2020
PSC Insurance Group has agreed to pay $1.56 million for the general insurance broking arm of Australian Unity...
Katherine Simmonds set for key Gallagher role
03 February 2020
Gallagher Australia’s new Head of Corporate Katherine Simmonds will start at the firm next month, after moving across from Willis Towers Watson...
Zurich names new appointments to leadership team
03 February 2020
Zurich has named three new appointments to its general insurance leadership team as part of its efforts to strengthen its underwriting and claims capability in the Australian and New Zealand markets...
Insurance House expands in northern Victoria
03 February 2020
Insurance House has acquired Shepparton-based O’Sullivan Insurance Brokers, expanding its presence in northern Victoria...
Genworth names incoming CEO
03 February 2020
KPMG Partner Pauline Blight-Johnston has been appointed CEO and MD of Genworth Mortgage Insurance Australia...
Willis Re reshuffles leadership pack
03 February 2020
Reinsurance broker Willis Re has named John Philipsz its new local CEO, as his predecessor takes on a broader role...
Johns Lyng ups guidance after floods, fires, hail
03 February 2020
Builder Johns Lyng Group has increased its full-year sales guidance to $420 million, bolstered by ongoing work stemming from the Townsville floods last summer...
Lockton acquires Workers’ Compensation Solutions
03 February 2020
Lockton Companies Australia has acquired privately owned consulting firm Worker’s Compensation Solutions...
Larger companies driving index gain: BizCover
03 February 2020
Comparison service BizCover says its SME Insurance Price Index rose 1% in the second quarter compared to the first due to more large businesses with higher premiums using the online platform...
Johns Lyng takes majority stake in Brisbane strata manager
03 February 2020
Building management group Johns Lyng announced today it has paid $7 million for an 85% controlling stake in Capitol Strata Management, a Brisbane-based strata and property management business...
Communications broke down in Resilium dispute
16 December 2019
Communication between representatives of private equity firm Pemba and Coverforce founder and MD Jim Angelis broke down amid a dispute over funding for an acquisition of Resilium...
Suncorp confirms Jeremy Robson as CFO
16 December 2019
Suncorp has confirmed Jeremy Robson’s formal appointment as CFO after he moved into the position on an acting basis in May...
NSW broker becomes Aviso’s 11th partner
16 December 2019
Aviso Group has added NSW regional brokerage Sutton Insurance Brokers to its growing broker network...
Tower seeks new CEO to drive digital change
16 December 2019
New Zealand’s third-largest insurer Tower is seeking a CEO to deliver results from the company’s investment in new technology...
NTI moves into new road freight niche
16 December 2019
Specialist transport and logistics insurer NTI has joined with leading freight marketplace Truckit.net to launch direct single transit insurance...
New software deals with challenging new accounting rule
16 December 2019
Willis Towers Watson has designed a software product to help general insurers migrate to IFRS 17, a new accounting rule that will bring about significant changes to the way earnings are prepared...
New insurance venture measures corporate culture
16 December 2019
Sunil Vohra, formerly AUB Group’s divisional CEO of risk services, and ex-IAG executive Kate Stone have launched The Workability Index, a corporate culture ratings platform that measures companies’ organisational culture and transparency...