We don’t pay ransoms: Insurance House
24 June 2019
Insurance House Group refused to negotiate with cyber attackers who demanded a ransom to restore operations...
Corporate
QBE joins financial inclusion program
24 June 2019
QBE will take part in a national program that promotes economic wellbeing, resilience and inclusion...
Gallagher continues Australian takeover spree
24 June 2019
Gallagher has taken ownership of P2 Group, an occupational health practice in Victoria, building on recent investments aimed at expanding its offerings in Australia...
AIG pulls out of NZ high-net-worth market
24 June 2019
AIG will no longer offer high-net-worth insurance in New Zealand from the end of next month, after discontinuing its Private Client Group home, contents and yacht cover...
Chairman lends Ensurance $2.5 million
24 June 2019
Ensurance’s Executive Chairman and its largest shareholder Tony Leibowitz has lent the loss-making company $2.5 million to support its “next phase of growth”...
Liberty’s commercial insurance arm rebrands
24 June 2019
Liberty International Underwriters last week started trading in Australia as Liberty Specialty Markets...
Swedish travel agency turns to Cover Genius
24 June 2019
Insurtech Cover Genius has secured an insurance partnership contract with Sweden’s Etraveli, one of Europe’s major online travel agencies...
Aon unveils cyber risk assessment tool
24 June 2019
Aon has launched a tool in Australia that can quickly evaluate an enterprise’s cyber-security profile...
Insurance House wrestles with cyber attack aftermath
17 June 2019
Insurance House Group still has experts working around the clock following a major cyber attack that crippled its systems more than a week ago...
Former QBE GM named as TravelCard CEO
17 June 2019
Broker-focused insurer TravelCard Australia has appointed Peter Klemt as CEO...
PSC-linked UK investor eyes Australia expansion
17 June 2019
BP Marsh & Partners, a UK private equity investor in which PSC Insurance Group has a minority stake, is keen to grow its business in Australia...
Johns Lyng flags bigger catastrophe boost
17 June 2019
Recovery work following the Sydney hailstorm and Townsville flooding will provide a bigger revenue increase than initially expected, Johns Lyng Group says...
BHSI opens Adelaide branch
17 June 2019
Berkshire Hathaway Specialty Insurance has opened an office in Adelaide and appointed Monica Holland as Underwriting Manager...
360 moves to country with rural agency stake
17 June 2019
360 Underwriting Solutions has expanded into the agriculture space, taking a majority stake in specialist rural agency Insure That...
AUB braces for weaker growth
17 June 2019
AUB Group has moderated its adjusted net profit after tax forecast to 3-5% this financial year, due to a business slowdown and cost blowouts from a new IT system...
Former Medibank chief joins IAG board
17 June 2019
IAG has appointed George Savvides to its board. He has 30 years’ experience in the healthcare sector and oversaw two listings as a CEO – with Medibank Private in 2014 and Sigma in 1999...
Allianz unit considers NZ exit, Australian retreat
11 June 2019
Allianz Global Corporate & Specialty could pull out of New Zealand, and is reviewing its long-tail business in Australia…
Lion points out its protections as brokers warned over UFIs
11 June 2019
Retail brokers have been warned against “creating a liability” for themselves when placing business with unauthorised foreign insurers…
QBE loses market team head to AIG start-up
11 June 2019
QBE’s Global Head of Market Management Uwe Schoberth has left to join AIG technology-focused innovator Blackboard Insurance…
Assetinsure looks to grow under new owner
11 June 2019
A group of surety providers has formally taken ownership of Sydney-based Assetinsure from failed New Zealand insurer CBL Corporation…