Construction starts on Suncorp’s Brisbane headquarters
26 August 2019
Construction has started on a new Suncorp Brisbane headquarters which will bring together employees from three locations in the city...
Corporate
Ansvar Australia reports higher GWP, small loss
26 August 2019
Ansvar Australia’s gross written premium was buoyed by new business in the first half while an underwriting loss was little changed from a year earlier despite the impact of the Townsville floods...
IAG highlights ‘proud record’ on climate change
26 August 2019
IAG has emphasised its commitment to climate change action, after a shareholder resolution called for clear targets for reducing investment exposure to fossil fuels...
Suncorp behind the wheel with driverless car insights
26 August 2019
Suncorp says it will gain automated vehicle insurance insights from participating in a Queensland research project that is testing cars on public roads...
Insurtech launches ‘inclusive’ travel product
26 August 2019
Digital start-up Insured By Us today launched its retail travel insurance brand, Travel with Kit...
Strong first-half results buoy QBE confidence
19 August 2019
QBE has maintained its earnings targets after a strong first-half which saw net profit increase 29% to $US463 million ($682 million) from a year earlier...
Pemba contests Coverforce stakes held by Resilium owners
19 August 2019
Private equity investor Pemba Capital Partners is seeking court orders to have Coverforce shareholding documents corrected in a dispute centring around equity issued to the owners of the Resilium broking business...
APRA imposes $250 million condition on Allianz
19 August 2019
Allianz has to keep an extra $250 million in capital requirement until the business has finished the remediation work to improve its risk oversight and addressed lapses uncovered in a self-assessment test, the Australian Prudential Regulation Authority says...
Johns Lyng strata buy boosts growth aims
19 August 2019
Johns Lyng Group has bought a controlling stake in Sydney-based strata and facilities management business Bright & Duggan in a deal it says is a “game changer”...
QBE flags customer charter launch
19 August 2019
QBE is launching a new Customer Charter, a project that involved input from more than 100 representatives from the insurer’s property supplier network...
Australian Seniors opens second branch
19 August 2019
Australian Seniors Insurance Agency has opened a second bricks-and-mortar store, building on the successful launch of its first branch last November in Castle Towers, NSW...
Insurer claims NZ first with personal cyber cover
19 August 2019
Auckland-based Delta Insurance has introduced cover to protect individuals and households from cyber-attack losses...
IAG’s net profit rises 16.6%, but insurance profit falls
12 August 2019
IAG’s net profit rose 16.6% to $1.08 billion last financial year, boosted by a windfall of more than $200 million from the sale of IAG’s Thai operations in August last year...
Suncorp Australia earnings drop, NZ business jumps
12 August 2019
Suncorp Australian insurance earnings fell 13.7% last financial year while its New Zealand result surged on premium gains and benign weather...
Allianz drops CCI after ASIC demands higher standards
12 August 2019
Allianz will no longer support consumer credit insurance, declaring the business is no longer cost-effective after a regulatory crackdown...
Australia reforms hit Munich Re result
12 August 2019
Munich Re generated a 36% rise in profit to €993 million on low costs from major losses in the three months to June 30, its best quarter in four years, although the Australian disability business dragged on earnings...
Natural disasters wreak havoc on CBA profits
12 August 2019
Profits from the Commonwealth Bank’s mortgage broking and general insurance division declined by a staggering 73% – or $81 million – compared to the 2018 financial year, the bank says...
Handdii snares new funding
12 August 2019
Property repair claims platform Handdii has secured $1.5 million in seed funding, supporting further market expansion after rollouts in Melbourne, Adelaide and Sydney...
Agile to expand into A&H market
12 August 2019
Sydney-based Agile Underwriting is expanding into accident and health insurance and has appointed Adam Bohacek to develop a new department focusing on the market...
Blockchain-based app aims at broker customers
12 August 2019
A blockchain-based platform to help broker customers catalogue and register assets and valuables has been released...