UK incubator aims to ‘turbocharge’ insurtechs
29 July 2019
London-based Insurtech Gateway has launched in Australia, its first foray outside the UK...
Corporate
S&P lowers Australian LMI ratings
29 July 2019
Ratings agency S&P has lowered its ratings on two Australian lenders’ mortgage insurance heavyweights, reflecting a structural decline in the industry and a weakened local competitive position...
NTI accepted as trucking association member
29 July 2019
National Transport Insurance has been unanimously accepted as an associate member by the council of the Australian Trucking Association (ATA), which represents 50,000 businesses and 200,000 people in the industry...
IAG among top 10 philanthropic companies
29 July 2019
IAG is one of Australia’s top 10 philanthropic companies, donating a larger percentage of its profits to charitable causes than all but eight of Australia’s large ASX-listed firms...
Ensurance to bring product to Australian market
29 July 2019
Ensurance is planning to expand its new terrorism and sabotage insurance product to the Australian market, after securing funding...
Greenlight Re invests in NZ insurtech
29 July 2019
Insurtech investor Greenlight Re is investing in New Zealand insurtech Cove Limited...
Finity acquires AI firm
22 July 2019
Actuarial consultancy Finity has purchased Sydney-based artificial intelligence analytics firm Deep Logic for an undisclosed sum...
Legal dispute settles out of court
22 July 2019
A confidential out of court settlement has ended a lengthy legal dispute between six former owners of the SRS underwriting agency and major broker Gallagher...
360 takes stake in construction underwriter
22 July 2019
360 Underwriting Solutions has acquired a 50% stake in online underwriting agency eSentry...
QBE claim liabilities rise after rate ruling
22 July 2019
QBE has increased its claims liabilities estimate after a change in the interest rate used in UK personal injury calculations fell short of company expectations...
Emergence heads west
22 July 2019
Cyber insurer Emergence has opened an office in WA, further extending its national network...
Agricultural underwriting agency debuts fire and hail cover
22 July 2019
Rural specialist Ag Guard is to launch a fire and hail broadacre insurance product on the Sunrise Exchange platform...
IAG eyes emerging trends with Carbar investment
22 July 2019
IAG has acquired a majority stake in car subscription and trading platform Carbar as it examines the impact of vehicle usage changes on motor insurance...
Agile targets SMEs through cyber partnership
22 July 2019
Agile Underwriting has entered a partnership with Cynch Security to offer cyber insurance to SMEs...
IAG wins innovative design accolade
22 July 2019
IAG has won an outstanding design and innovation award for its Human-Centred Design Community...
Allianz secures HCF travel cover contract
22 July 2019
Allianz has been appointed travel insurance provider of choice for members of HCF, Australia’s largest non-profit health insurer...
RACQ Insurance CEO departs
15 July 2019
RACQ Insurance is searching for a new CEO following the resignation of John Myler last month...
Griffiths Goodall sells to PSC, but brand remains
15 July 2019
Regional broker Griffiths Goodall will retain its brand identity following a $48 million acquisition by PSC Insurance Group...
Canopius hires for Australian operation
15 July 2019
Canopius has made key appointments to its office in Sydney, which opened recently to support the global specialty insurer’s growth plans for Australia and New Zealand...
Majors’ earnings in doubt as personal lines premiums slide
15 July 2019
New-customer premium prices in personal lines insurance are declining this year, continuing a seven-year downward trend that throws projected earnings for Suncorp and IAG into doubt, according to Morgan Stanley...