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Underwriting agency announces CEO exit

05 November 2021

SLE Worldwide Australia CEO Brad French will leave the underwriting agency at the end of the year after more than two decades of service...

Suncorp raises perils cost outlook to $1.1 billion

04 November 2021

Suncorp has raised its full-year outlook for natural hazard costs to around $1.1 billion, with last week’s SA and Victorian storms expected to generate the highest level of claims for weather events to date this financial year...

Howden expands into New Zealand

04 November 2021

International broking group Howden announced today it is expanding into New Zealand, after setting up Australian operations earlier this year.

McLardy McShane announces 'most significant investment'

04 November 2021

Melbourne-based broker McLardy McShane Group has expanded again with the acquisition of a 30% stake in Perth-based brokerage and authorised representative network Apollo Risk Services, its most significant investment so far...

Climate COP-out: insurers criticised for supporting oil, gas

03 November 2021

Climate campaigners have criticised QBE and other insurers that continue to provide insurance for oil and gas projects, saying their support for the sector is undermining efforts to limit global warming to 1.5 degrees or lower as set out in the Paris Agreement...

IAG mandates vaccines for on-site NZ workers

02 November 2021

IAG has introduced "compulsory COVID vaccination" for on-site workers in New Zealand, and says similar measures will apply in high risk locations in Australia until the end of the year...

COVID restrictions result in strata repairs 'backlog'

02 November 2021

CHU-owned Flex Insurance says there is a backlog of claims repairs waiting to be completed at strata properties after more than a year of pandemic lockdowns, echoing similar observations about COVID curbs hindering insurers’ ability to progress building works...

IAG raises perils forecast, cuts guidance after storms

02 November 2021

IAG has raised its full-year natural perils forecast by 36.6% to $1.045 billion and lowered its reported margin guidance following SA and Victorian storms that have been declared a catastrophe by the Insurance Council of Australia...

Damage 'caused by tree roots, not storm'

02 November 2021

A Suncorp customer who challenged the insurer’s decision to decline his home building claim for storm damage has lost his dispute before the Australian Financial Complaints Authority...

Liberty Specialty Markets, NTI win NIBA awards

29 October 2021

Liberty Specialty Markets has been crowned General Insurer of the Year by the National Insurance Brokers Association, while transport and logistics specialist NTI won the Underwriting Agency of the Year award...

Vero NZ scraps gender rating on car cover

29 October 2021

New Zealand’s Vero is dropping a long-standing industry practice of comparing male and female customers even though gender and age together help to determine the likelihood of a claim, and gender has a significant price impact for some age ranges...

CBA admits criminal charges over CCI sales

29 October 2021

The Commonwealth Bank of Australia has pleaded guilty to 30 criminal charges of making false or misleading representations in relation to the selling of consumer credit insurance...

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