Daily

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”...

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...

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...

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...

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...

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...

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...

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

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...

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...

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...

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...

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...

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

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...

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...

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...

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

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...

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