Daily

IAG set for a 9-month transition as Harmer bows out

8 April 2020

IAG MD and CEO Peter Harmer says his decision to announce now that he’s leaving the group before the end of the year will allow a “flexible nine-month transition during which time my successor will be appointed”...

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Zurich unveils SME support, Hollard works on ‘unique response’

8 April 2020

Zurich has published a series of measures aimed at supporting coronavirus-affected clients and brokers, while Hollard says it is developing its “own unique response” in close consultation with intermediaries...

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Fitch lowers Suncorp’s outlook to negative

8 April 2020

Fitch has lowered its outlook on Suncorp to negative after reviewing the insurer’s ratings in light of financial uncertainty and increased risks to capital and earnings from the COVID-19 pandemic...

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APRA suspends new insurance licences, advises prudence

8 April 2020

Applicants seeking an Australian insurance licence will have to wait at least six months, with the regulator deciding to suspend issuing new permits due to the economic turmoil created by the COVID-19 pandemic...

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Industry holds its focus during ‘unprecedented’ pandemic

7 April 2020

The insurance industry’s focus on supporting customers and keeping clients covered during the COVID-19 crisis is a source of pride for Insurance Council of Australia Head of Risk and Operations Karl Sullivan...

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icare provides workers’ comp relief, as SIRA tracks claims

7 April 2020

NSW workers’ compensation insurer icare says it has reduced premiums for more than 2000 businesses and suspended policies for a number of firms as part of coronavirus support measures...

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Life insurers commit to supporting frontline health workers

7 April 2020

Life insurers have moved to reassure healthcare workers who are in the front line of the coronavirus outbreak battle that they won’t be denied access to cover...

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QBE selects a new International CEO

7 April 2020

QBE announced today that Axa XL executive Jason Harris will become its new London-based International CEO later this year when Richard Pryce retires...

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Suncorp, QBE, Allianz announce support measures

3 April 2020

Suncorp, QBE and Allianz have announced measures to help small businesses dealing with the coronavirus impact following clearance from the Australian Competition and Consumer Commission...

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How will SME support measures work? Brokers seek clarity

3 April 2020

General insurance brokers want clearer guidance on the implementation of insurance industry support measures aimed at helping small business clients hit by the COVID-19 outbreak...

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QBE restores some trade credit cover

3 April 2020

QBE has reinstated trade credit cover for the majority of businesses that have policy limits up to $US250,000 ($411,800) after moves to cut their cover to nil angered brokers and clients...

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Love panic: claimant loses dispute over missed flight

3 April 2020

A travel insurance policyholder who suffered a “panic attack” just before boarding a flight to see his lover in the UK has lost an appeal to have his claim accepted...

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Poll backs IAG’s SME support strategy, as ACCC approves industry plan

2 April 2020

A significant majority of respondents to an insuranceNEWS.com.au poll say brokers should be willing to postpone commission payments in order to help struggling clients survive the COVID-19 crisis...

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QBE suspends LMI sales to borrowers from ‘virus-affected sectors’

2 April 2020

QBE has stopped providing lenders’ mortgage insurance to residential loan borrowers who work in industries that have been affected severely by the coronavirus outbreak...

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UK insurers eye reinsurance pools for future pandemics

2 April 2020

The Association of British Insurers has pointed to New Zealand’s Earthquake Commission and the UK’s Flood Re as it urges governments and the industry to find solutions for protecting against future pandemic risks...

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Insurers, brokers make their case for ESL reform in NSW

2 April 2020

Insurers and brokers have again called on the NSW Government to scrap the Emergency Services Levy, describing the reform as critical to post-disaster recovery and rebuilding efforts...

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IAG initiative: brokers divided over their role

1 April 2020

Brokers are divided over IAG’s decision to defer premium payments for up to six months for small businesses experiencing financial hardship in the coronavirus crisis...

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NIBA cancels Melbourne convention

1 April 2020

The National Insurance Brokers Association has cancelled its annual convention scheduled for Melbourne in October due to the coronavirus outbreak...

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Collision with kangaroos leaves motor claimant out of pocket

1 April 2020

A travelling musician whose car was damaged in a collision with kangaroos has failed in his bid to have his insurer compensate him for the losses...

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Summer east coast low in top three: Perils

1 April 2020

Swiss catastrophe data company Perils says February storms and floods have caused the third-largest Australian east coast low insurance losses in three decades...

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