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COVID support programs slash Genworth claims

04 August 2021

Genworth Mortgage Insurance posted an underwriting profit of $88 million in the first half, up from $53 million a year earlier, boosted by a stronger economy, a jump in house prices and COVID support measures aimed at relieving borrower stress...

Court rules on Willis Re gardening leave dispute

03 August 2021

The NSW Supreme Court has ruled a two-year restraint was unreasonable for a Willis Re senior executive who resigned to move to rival reinsurance broker Guy Carpenter in order to avoid the Aon merger, while it also found he was told to lie to clients about being “on leave” as part of damage control...

ANZIIF unveils awards to honour Donna Walker

30 July 2021

The Australian and New Zealand Institute of Insurance and Finance will this year present two awards that honour Donna Walker, who died while holidaying in East Africa two years ago...

Insurtech funding sets record as WTW sounds warning

30 July 2021

Insurtechs have raised more funding in the first half of this year globally than for all of 2020 after a record second quarter, Willis Towers Watson says in a report that also warns some businesses may be rushing toward public listings without being ready for market realities...

Insurer wins three car pile-up dispute

30 July 2021

An uninsured driver who was sandwiched in the middle of a three-car "nose-to-tail" collision has lost a dispute after RACQ Insurance agreed to cover damage at the rear of his vehicle but denied liability for damage to the front...

Johns Lyng acquires majority Steamatic stake

29 July 2021

Johns Lyng Group has acquired a 60% interest in national restoration services company Steamatic Australia, providing it with increased local scale as the company also looks at further international growth...

Australia rate increases moderating: Marsh index

28 July 2021

Commercial insurance rates in the Australia-led Pacific market rose 23.2% in the three months to June, marking a slowdown in the pace of price growth for the second straight quarter, according to Marsh’s latest Global Insurance Market Index report...

No easing of hard construction market: WTW

28 July 2021

Heightened underwriter scrutiny and reduced capacity are pushing premiums in the local construction sector higher still, with no relief to the hard market in sight, Willis Towers Watson says...

IAG employee lifts lockdown spirits with viral video

28 July 2021

It’s tough going right now for many insurance industry employees forced to work remotely as the Sydney lockdown drags on – but one IAG member of staff has brought back some joy with a charming online music video...

QBE confirms Costigan exit

27 July 2021

QBE Interim MD Australia Frank Costigan will leave the company on Friday, just days before his successor arrives...

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