Everest eyes Australian growth
12 February 2024
New York-listed Everest Group is looking to grow its Australian presence, President and CEO Juan Andrade told a fourth-quarter earnings call last week...
Corporate
Generali subsidiary lands Flight Centre deal
12 February 2024
Europ Assistance will offer insurance to Flight Centre leisure customers in Australia, New Zealand, Canada, the US and Britain under a new partnership...
Crisis-hit CCI reports net loss
12 February 2024
Catholic Church Insurance recorded a net loss of $274.2 million last financial year as it entered run-off...
Envest trio join forces
12 February 2024
Envest businesses Fitzpatrick & Co Insurance Brokers, Arete Risk & Insurance Solutions, and Amicus Insurance Services will merge to create an operation with more than $260 million in gross written premium and more than 130 staff...
IAG NZ announces board additions
12 February 2024
IAG New Zealand has appointed three new non-executive directors, adding Michele Embling, Rachel Walsh and Scott Pickering to its board...
Natural hazards cost Suncorp $568 million in first half
05 February 2024
Suncorp has estimated first-half natural hazard event costs at $568 million following six significant events, and has announced a $107 million reserve strengthening spread across several portfolios because of external challenges facing the industry...
IAG places catastrophe reinsurance
05 February 2024
IAG says it has placed its catastrophe reinsurance program for this calendar year amid a stabilisation in the global market...
Lloyd’s local leader steps up to regional role
05 February 2024
Lloyd’s Regional Head of Australia and New Zealand Chris Mackinnon will broaden his horizons in a new role as Regional Director for the Asia-Pacific, Middle East and Africa markets...
Three Envest agencies to merge
05 February 2024
Underwriting agencies Epsilon, Wellington and Aster say they will be “stronger together” after announcing a merger...
Horse-trading Howden buys bloodstock brokerage
05 February 2024
Howden has acquired bloodstock specialist broker Silks Insurance as it continues its expansion into the equine market...
Helia Chairman to step down
05 February 2024
Lenders’ mortgage insurer Helia Group’s Chairman Ian MacDonald will retire from the board at the end of his term in May...
Chubb pulls plug on Home product, tells brokers in business update
18 December 2023
Chubb will no longer offer its Home product in Australia from March 1, the insurer told its intermediary partners last week in a business update, citing difficult market conditions...
Home, landlord commissions cut as industry acts on losses
18 December 2023
Hollard has cut broker commissions for home and landlord products while QBE has confirmed it will reduce the maximum commission rate for its home offerings sold through the Steadfast Client Trading Platform...
S&P ups IAG rating a notch to AA
18 December 2023
Credit rating agency Standard & Poor’s has raised its long-term financial strength and issuer credit ratings for IAG to AA from AA-...
Johns Lyng joins Tower panel
18 December 2023
Johns Lyng has clinched its first agreement with a national insurer in New Zealand, signing on to provide building repair services as part of Tower’s panel...
AUB enters equity partnership with MexBrit/Forte Group
18 December 2023
AUB Group has entered into a partnership with US-based MexBrit/Forte Group following the Tysers acquisition to better support risk placement from brokers in Latin America...
RACQ ‘committed’ to insurance business
11 December 2023
RACQ is “committed” to its general insurance business, the Queensland motoring club said, after the loss-making division returned to profitability in the last financial year...
Penny James appointed to QBE board
11 December 2023
The QBE Group board has appointed Penny James Independent Non-Executive Director, effective from January...
RACQ Insurance stops offering ridesharing cover
11 December 2023
RACQ Insurance is ceasing to offer cover for rideshare vehicles due to a higher rate of claims related to the transport service...
Gallagher Bassett analyses customer calls with sentiment tool
11 December 2023
Claims manager Gallagher Bassett has been implementing setiment analysis tools to evaluate the quality of customer calls...