AM Best affirms Hollard ratings
25 February 2019
AM Best has kept Hollard Insurance Company’s financial strength rating at A- and long-term issuer credit rating at a-…
Corporate
CEO to switch roles as Flamingo rings changes
25 February 2019
Listed fintech Flamingo Ai’s founder and CEO Catriona Wallace will move into a Chief Revenue Officer role to focus on income generation…
Court schedules CBL Corp liquidation hearing
25 February 2019
Creditors of CBL Corporation will make their case to the New Zealand High Court on May 13 for the company to be liquidated…
IAG joins Canterbury quake claims drive
25 February 2019
IAG will participate in a government program to accelerate settlement of unresolved Canterbury earthquake insurance claims…
Ex-Brooklyn director opens Barn doors
25 February 2019
Former Brooklyn director David Porteous has set up Barn Underwriting Agency…
Insure247 teams up with safety app
25 February 2019
Broker Insure 247 has partnered with health and safety compliance app Zero Harm to offer bundled insurance benefits for policyholders in New Zealand…
Suncorp strengthens NZ motoring body tie-up
25 February 2019
Suncorp has formed a partnership with the New Zealand Automobile Association to sell financial services, building on its ties with the motoring club…
Hayne prompts Suncorp to lift compliance budget
18 February 2019
Suncorp is bracing for higher regulatory costs as it complies with recommendations from the Hayne royal commission…
Australia chips in as Allianz hits profit record
18 February 2019
Allianz’s Australian property and casualty arm made an operating profit of €433 million last year, up €91 million on 2017…
General insurance stars for iSelect
18 February 2019
iSelect’s general and life insurance business achieved a 12% rise in operating revenue to $13.2 million in the December half…
Aon’s Lambrou to run commercial risk unit
18 February 2019
Aon has appointed Lambros Lambrou as global Commercial Risk Solutions CEO, effective immediately…
Disasters put focus on protection gap, says Swiss Re exec
18 February 2019
Global catastrophe losses in the past two years and recent disasters in Australia highlight the need to better understand and deal with volatility impacts, Swiss Re executive Trent Thomson says…
Johns Lyng homes in on strata rebuilds
18 February 2019
Johns Lyng Group has launched a strata services division to focus on building and restoration repairs for strata insurers…
Agile to represent StarStone as insurer pulls back
18 February 2019
Agile Underwriting will represent StarStone in Australia and New Zealand, as the global insurer seeks to cut costs and simplify its operations…
Pop forms Japanese M&A cover partnership
18 February 2019
Pop Insurance and Rakuten General Insurance have formed a strategic partnership to serve the Japanese mergers and acquisitions insurance market…
IAG flags GWP slowdown amid remediation
11 February 2019
IAG expects more muted gross written premium growth in the financial year’s second half as commercial volumes decline amid portfolio remediation, while rates overall continue to increase…
Oracle restructures for growth
11 February 2019
Oracle Group Australia has announced changes to its management structure aimed at growing the brokerage…
QBE embarks on customer service revamp
11 February 2019
“Shifting expectations” have prompted QBE to overhaul its approach to customer service…
Genworth profit tumbles on soft housing market
11 February 2019
Genworth Mortgage Insurance Australia’s net profit fell by almost half last year to $75.7 million, hit by tighter credit standards, interest rate rises and the moderating housing market…
Hailstorm dents CBA’s insurance profits
11 February 2019
Commonwealth Bank’s insurance income dropped 39% in the December half due to the Sydney hailstorm and other weather events in NSW and Victoria…