Fair weather lifts CommInsure
13 August 2018
Commonwealth Bank’s general insurance arm CommInsure has posted a 51% jump in income to $183 million for the year to June 30…
Corporate
CBL creditors’ meeting put back again
13 August 2018
Creditors of CBL Corporation will now convene sometime before November 17 after voluntary administrator KordaMentha secured court approval to adjourn this Friday’s meeting…
Takeover trend inspires new Marsh W&I cover
13 August 2018
Marsh says insurance issues faced by private equity groups seeking to buy public companies have prompted it to introduce a warranty and indemnity product for such deals…
Network Insurance MD sells to Steadfast
06 August 2018
Network Insurance Group MD Cameron Bott has sold his share of the business to Steadfast, following 15 years’ involvement with the hub…
Nib eyes travel growth after QBE deal
06 August 2018
Health insurer Nib Holdings says travel insurance and other “adjacent businesses” may soon account for half its earnings following the proposed purchase of QBE’s travel insurance business for $25 million…
Genworth profit falls as lending tightens
06 August 2018
Genworth Mortgage Insurance has posted a 52.8% slump in first-half net profit to $41.9 million…
QBE recruits for truck repair network
06 August 2018
QBE has opened a tender for heavy vehicle repairers as it strives to have a national network in place by next month…
Insurtech offers drone cover
06 August 2018
Insurtech Agile Underwriting Services has introduced a cyber risk and data protection policy for commercial drone operators…
QBE hires data security chief
06 August 2018
QBE has appointed Andrew Dell as Chief Information Security Officer…
Suncorp eyes ‘boundless’ partnership opportunities
30 July 2018
Suncorp is on the lookout for more partnerships that benefit brokers and customers…
Australasian business lifts Gallagher
30 July 2018
Organic revenue growth of 7% in Australia and New Zealand contributed to a stellar second quarter for global broker Gallagher…
IAG resets NZ home premiums
30 July 2018
IAG New Zealand is raising home insurance premiums for many North Island customers due to increased risks of earthquakes, floods and landslides…
Suncorp app accelerates digital engagement
30 July 2018
Suncorp launched a money management app today that has been designed to help customers manage financial matters including insurance…
Ensurance divests retail brokerage
30 July 2018
Ensurance will sell its domestic retail brokerage business, Savill Hicks, to SHC Insurance for $4.1 million in a cash-and-share deal…
CBL liquidation hearing put back
30 July 2018
The Reserve Bank of New Zealand’s application to liquidate CBL Insurance will be heard in court next Thursday, instead of today…
Lockton recruits for energy expansion
30 July 2018
Lockton Companies Australia has appointed Steve McWhirter to lead an expansion into the energy sector…
IAG produces climate change action plan
23 July 2018
IAG has outlined a series of actions it will take to help address climate change, including holding senior managers accountable...
AIG seals $7.5 billion Validus deal
23 July 2018
AIG has completed its $US5.56 billion acquisition of Bermuda-based (re)insurer Validus Holdings…
New broker Collective seeks strata manager JVs
23 July 2018
Collective Insurance Brokers plans to tap rising demand for specialist expertise in the growing strata sector, using a shared-equity model…
Cover-More buys UK intermediary
23 July 2018
Zurich-owned travel insurer Cover-More has acquired British niche insurance intermediary Blue Insurance…