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Corporate

Austbrokers, InterRisk chiefs depart in AUB changes

25 November 2019

Austbrokers Divisional Chief Executive Nigel Thomas will leave AUB Group effective next month after his position was made redundant, while InterRisk MD Phil Kearns departed the brokerage last week in other changes...

Brightstar buys Risk Insure brokerage

25 November 2019

Mobile distribution and services company Brightstar, part of Japan’s Softbank Group, has acquired Adelaide-based Risk Insure as part of a strategy to boost its device protection business in Australia and New Zealand...

Johns Lyng sees work rise from bushfires, hailstorms

25 November 2019

Building and restoration services company Johns Lyng Group says recent bushfire and hailstorm events are driving record job registrations while its “business as usual” operations are also buoyant...

Tower returns to profit

25 November 2019

New Zealand general insurer Tower Limited has returned to profit with full year earnings of $NZ16.8 million, helped by benign weather and improved underwriting...

PSC buys another UK Lloyd’s broker

18 November 2019

PSC Insurance Group will pay £3.4 million for Carroll Insurance Group, a UK-based Lloyd’s broker that specialises in bespoke insurance solutions...

Suncorp invests in vehicle sharing company

18 November 2019

Suncorp has participated in a $10 million funding round for sharing-economy company Car Next Door as it seeks to better understand changing vehicle use...

Liberty expands its extreme weather cover to Australia

18 November 2019

Liberty Mutual will insure Australian businesses against unexpected extreme weather conditions after expanding the Weather Index product it already distributes and underwrites in Europe into the Australian market...

Former AGCS CEO moves to HDI

18 November 2019

Ex-Allianz Global Corporate & Specialty Pacific CEO Willem van Wyk has joined former colleague Stefan Feldmann at HDI Global...

AUB moves ahead on improving products

18 November 2019

AUB Group says it has completed an expressions of interest process involving local and global providers as it seeks to improve its product and capacity offerings...

IAG names new NZ chairman

18 November 2019

IAG New Zealand non-executive director Simon Allen has been appointed Chairman following the retirement of Hugh Fletcher...

Condon set to leave AIG

11 November 2019

AIG Australia CEO Noel Condon will step down next month after 35 years with the insurer...

PSC backs forecasts for earnings leap

11 November 2019

PSC Insurance Group has backed consensus forecasts for a leap in earnings this financial year, driven by its two largest acquisitions and growth from existing operations...