AMA Group rules out asset sale
11 March 2024
Loss-making smash repairer AMA Group insists its Capital Smart business is not for sale after the Australian Financial Review suggested a deal may be finalised by June 30...
Corporate
New Zealand’s Rothbury acquires Austinsure
11 March 2024
New Zealand broking group Rothbury has agreed to acquire all the shares in Austinsure from Steadfast Group NZ Holdings, effective at the end of this week...
Aon teams up with accounting service
11 March 2024
Aon has partnered with accounting and payroll service firm Reckon to extend its range of insurance options to its customers...
Steadfast flags continued hard market as earnings grow
04 March 2024
Steadfast says strong pricing has continued to drive revenue in its broking and underwriting businesses and it expects “market discipline” to continue...
Allianz’s Australian P&C earnings slump
04 March 2024
Allianz says Australian property and casualty operating profit slumped last year following natural catastrophe impacts...
Parramatta broker joins Insurance House
04 March 2024
Insurance House has acquired commercial broker Professional Insurance Brokers and its authorised representative, Unicorn Risk Services...
Nib ‘riding the wave’ in travel market
04 March 2024
Nib Travel says the market remains robust after its gross written premium fell 18% to $85.4 million in the six months to December 31...
Helia GWP drops as homebuyers struggle
04 March 2024
Australia’s largest provider of lenders’ mortgage insurance, Helia Group, says gross written premium fell 42% to $185.2 million last year...
Suncorp insurance earnings rise 51% on price gains
26 February 2024
Suncorp recorded a 51.8% rise in first-half general insurance profit after tax to $510 million, as higher premium growth lifted its key Consumer Insurance and Commercial and Personal Injury divisions in Australia...
QBE forced to act over class action message to brokers
26 February 2024
QBE has been ordered to send a corrective notice to brokers about a proposed class action, amid concerns it suggested intermediaries did not have to follow a court request to advise clients about registration...
Lloyd’s reveals Australian succession plan
26 February 2024
Lloyd’s has announced two internal appointments as it shakes up its Australian leadership team following the promotion of country head Chris Mackinnon...
AMA stems losses as smash repair revenues rise
26 February 2024
Smash repairer AMA Group’s losses narrowed to $9.2 million in the first half, amid a period of upheaval that included board and executive changes and new pricing arrangements...
IAG sees ‘pretty tough’ property outlook as affordability bites
19 February 2024
IAG is “super focused” on insurance affordability after its first-half results revealed the toll of rising premiums on customers...
QBE expects GWP slowdown, improved combined operating ratio
19 February 2024
QBE has forecast gross written premium growth will slow this year to “mid-single-digit” gains, while the company expects an improved combined operating ratio...
Agile syndicate set for April launch
19 February 2024
Agile Underwriting’s new syndicate will “shorten the chain” between Australian brokers and Lloyd’s specialty expertise, sources say...
Costigan leaves SafetyCulture Care
19 February 2024
SafetyCulture Care MD Frank Costigan has left the risk mitigation-focused underwriting agency, as it looks to expand in the US...
Ausure expands in regional Victoria
19 February 2024
Ausure Insurance Services has launched a new venture in Mildura to service northwest Victoria...
Tower upbeat on earnings outlook
19 February 2024
Tower may outperform expectations this financial year after strong trading results in the first four months, the New Zealand insurer says...
Our Ark mutual hits century
19 February 2024
Discretionary mutual Our Ark has signed up its 100th member three years after its launch in December 2020, and now protects about $2.5 billion of assets across the country...
Battleface partners with insurance.com.au on travel cover
19 February 2024
Travel insurer Battleface says customers of insurance.com.au, which is part of Steadfast Group, will be able to seamlessly customise their cover under a new partnership...