Merger creates AUB’s largest Queensland brokerage
24 February 2020
Austbrokers Comsure will become AUB’s largest Queensland brokerage after an acquisition and three-way merger is completed...
Corporate
Climate activist lines up new shareholder resolution at QBE AGM
24 February 2020
QBE will face another shareholder resolution aimed at forcing the insurer to step up its fossil fuel reduction efforts when its AGM takes place in Sydney on May 7...
Former KPMG partner joins Genworth board
24 February 2020
Genworth Mortgage Insurance Australia has named Andrea Waters as a non-executive board director, with her appointment to take effect on March 16...
Arch takes majority stake in Australian data provider
24 February 2020
Arch Reinsurance, a subsidiary of Bermuda-based Arch Capital Group, will take a majority stake in Precision Marketing Asia Pacific, an Australian data marketing solutions provider to many industries including insurance...
EML gives $100,000 to aid bushfire communities
24 February 2020
Personal injury specialist EML has pledged $100,000 to support health providers in bushfire-affected areas in providing care to the community...
Cover-More picks up Webjet
24 February 2020
Zurich-owned travel insurer Cover-More has agreed to be the exclusive provider of travel insurance and assistance for leading travel group Webjet across Australia and New Zealand...
Reask recognised on global insurtechs list
24 February 2020
Sydney-based natural catastrophe modelling startup Reask has earned a place in a UK management consultancy’s annual list of insurtechs that are well placed to serve the insurance industry globally...
QBE achieves 41% profit rise
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...
AUB acquires MGA Whittles, takes stake in BizCover
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...
AIG puts cyber into new policy for high net worth families
17 February 2020
AIG Australia has launched a new home insurance product for high net worth families to combat cyber crime...
Agile adds casualty to its product lineup
17 February 2020
Agile Underwriting has moved into the casualty space as the multi-class insurtech looks to expand its business in Australia...
Suncorp profit hit by catastrophes
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...
IAG sees bushfires following it into next financial year
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...
CBA results hit by bushfire, hailstorm claims
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.
Suncorp can cope with rising disaster claims: S&P
17 February 2020
Suncorp's sound underlying earnings and robust capital adequacy will help it withstand heightened disaster-related claims, S&P says...
QBE’s new Chairman Mike Wilkins takes up the reins in March
17 February 2020
QBE Group has appointed former IAG CEO Mike Wilkins as chairman, effective from next month...
Tower GWP rises 8% in first four months
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...
AM Best affirms Hollard’s A-rating
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...
IAG ramps up digital focus with new division, exec shuffle
10 February 2020
IAG has created a new Strategy & Innovation division to further strengthen its technological edge...
Swiss Re deal will support ProRisk expansion plans
10 February 2020
Swiss Re Corporate Solutions will provide capacity for Professional Risk Underwriting as the agency pursues plans to expand its business...