QBE names new Singapore CEO
16 September 2019
QBE has appointed Ronak Shah as its Singapore CEO, reporting to QBE Asia CEO Jason Hammond...
Corporate
Enstar grows business in Australian run-off deal with Munich Re
16 September 2019
Run-off specialist Gordian has agreed to acquire $228 million worth of long-tail insurance portfolios in Australia from Munich Re subsidiaries, Great Lakes Insurance and HSB Engineering Insurance...
Broker Trans-West to use processing platform JAVLN
16 September 2019
Sydney-based Trans-West Insurance Brokers has selected specialist insurance platform JAVLN as the new processing platform for its business...
Suncorp CEO has ‘clear vision’ for the group
09 September 2019
Suncorp’s new Group CEO Steve Johnston has a “clear vision” for the company’s future and wants to take it to “a new level of performance”...
S&P affirms IAG ratings, outlook stable
09 September 2019
S&P has affirmed its A credit rating on IAG and its AA- ratings on IAG’s core operating subsidiaries. The outlook is stable...
Chubb names new broker-facing managers
09 September 2019
Chubb has named former local head John French as Head of Global Brokers, Australia & New Zealand...
Sportscover owner given October deadline by administrator
09 September 2019
The creditors of Wild Goose Holdings, the owner of Sportscover Australia, will gather for a reconvened meeting next month to decide on the fate of the company...
ArgoGlobal pulls plug on ‘unsustainable’ Asia
09 September 2019
ArgoGlobal will ditch its business in Asia to focus on other markets that offer better earnings potential...
Suncorp’s ACM may be next business on the block
09 September 2019
Suncorp is considering options for its ACM automotive parts business, including a potential sale, as it also looks to wrap up a review this year of its Capital Smart Repairs business...
James Sinclair takes lead at Mega Capital
09 September 2019
Specialist professional risks broker Mega Capital has appointed James Sinclair as CEO...
QBE launches supplier platform
02 September 2019
QBE today announced the launch of a property-focused supplier platform that integrates its claims management systems with supply chain partners...
Loss-making Stream sinks deeper into red
02 September 2019
Software provider Stream recorded a $3.52 million net loss for the year to June 30 as the business suffered a non-cash $2.9 million impairment charge...
TravelCard launches charity partnership
02 September 2019
Broker-focused insurer TravelCard has launched a charity scheme enabling intermediaries to nominate causes close to their hearts...
Updated IAG risk assessments hit Coles policyholders
02 September 2019
IAG says updates to its flood modelling have led to a small number of cases where coverage is no longer being provided to Coles home insurance customers...
Flamingo Ai remains a dark shade of pink
02 September 2019
Insurtech Flamingo Ai has recorded a full-year net loss of $7.2 million, down from $8.3 million a year earlier...
Ensurance narrows loss as UK focus pays off
02 September 2019
Underwriting agency Ensurance has sharply reduced its losses in the past financial year to $1.4 million from $8.7 million in 2017/18...
Anti-Adani protesters target AIG
02 September 2019
AIG has been handed a petition by anti-Adani activists, demanding the US insurer declare that it is not providing insurance for the Carmichael coalmine project in central Queensland...
PSC set to wrap up Paragon acquisition
02 September 2019
PSC Insurance Group is on track to complete its acquisition of London-based Lloyd’s broker Paragon International this month after gaining UK regulatory clearance...
Steadfast targets higher earnings after robust results
26 August 2019
Steadfast is anticipating higher earnings after record premiums sparked by a hardening rate environment fuelled a 37% rise in net profit to $103.8 million in the year to June 30...
Brooklyn aims to hire ‘24 extra heads’
26 August 2019
Axa XL-owned Brooklyn Underwriting today announced plans to hire another two dozen underwriters and claims staff to support the growth of its SME business...