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...
Corporate
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…
QBE commits to 100% renewables
11 June 2019
QBE has joined the RE100 initiative, a global leadership project in which major companies commit to using 100% clean electricity by the end of 2025…
Tasmania gets an emergency services health program
11 June 2019
Gallagher Bassett is to create and manage a health and wellbeing program for Tasmania’s Department of Fire, Emergency Services and Ambulance employees…
Aon signs crop risk contract with GrainCorp
11 June 2019
Aon-owned White Rock Insurance has secured a 10-year grain production risk contract with listed agribusiness GrainCorp, whose earnings have been hit by drought…
Ansvar invests in cloud platform
11 June 2019
Ansvar Insurance will migrate to a cloud-based digital platform this year…
Serco joins QBE’s progressive investment scheme
11 June 2019
Public services provider Serco Australia has committed a quarter of its annual insurance premium to QBE’s Premiums4Good program, which makes societal and environmental “impact” investments such as green bonds…
Claim Central to manage offroad club’s claims
11 June 2019
Claim Central Consolidated has entered a three-year deal with niche underwriting agency Club 4x4 to provide it with digital claims management technology…
FM Global handles losses from Perth factory blaze
11 June 2019
FM Global has confirmed that a packaging factory destroyed by fire in Perth’s eastern suburbs last Thursday was insured by subsidiary company AFM…
Lion secures Chinese capacity in response to Lloyd’s ‘inconsistency’
03 June 2019
Lion Underwriting has signed an agreement with Hong Kong-listed China Taiping Insurance Company to write marine-related risks in Australia, citing frustrations with Lloyd’s lack of “consistency and enthusiasm” in the sector…
Gallagher buys Sydney brokerage
03 June 2019
Gallagher has purchased The Protectors Group brokerage, increasing its presence in Sydney’s western region…
Suncorp tipped to seek CEO with insurance experience
03 June 2019
Suncorp is likely to place a high priority on insurance experience when it selects a CEO to replace Michael Cameron, who stepped down last week, financial analysts say…
Suncorp completes Resilium network sale
03 June 2019
Resilium is formally operating as an independent authorised representative network, with Suncorp confirming today it has completed the business’ sale…
BJS expands NSW footprint with partnership
03 June 2019
Melbourne-based national brokerage BJS has expanded its NSW footprint after forming a partnership with Hurstville brokerage Gary Morton Insurance Broker…
Aon rolls out SME platform
03 June 2019
Aon has established an Australian SME-dedicated digital platform in partnership with US insurtech CoverWallet…