Daily
Zurich names QBE veteran as general insurance claims head
07 May 2019
Zurich Australia has appointed Craig Newton to the newly created role of Head of Claims, General Insurance, based in Sydney...
Resilium sets out strategy after buyout
03 May 2019
Resilium Insurance, the largest privately owned authorised representative network following its separation from Suncorp, says it has started implementing new strategies to drive future growth...
Hayne recommendations ‘lack clarity and understanding’
03 May 2019
A “raft of regulatory change” will sweep through financial services following the Hayne royal commission, the Insurance Council of Australia warns...
Open data: ICA unveils natural hazards property check
03 May 2019
The Insurance Council of Australia will launch a mobile app next month, enabling residents to check their property’s exposure to natural hazards and increasing pricing transparency...
Raided brokerage carries out ‘internal review’
02 May 2019
A Victorian insurance brokerage that is being investigated by the Australian Securities and Investments Commission has launched a structural review...
Gallagher expands rural network with acquisition
02 May 2019
Gallagher has announced the acquisition of NSW-based specialist agribusiness broker AgriRisk Services...
Lloyd’s action plan targets technology, costs
02 May 2019
Lloyd’s has proposed a new platform to speed placement of less complex risks and has targeted cost-cutting as the market faces rising pressure to improve its performance...
Big penalties follow IAG’s UK nightmare
01 May 2019
KPMG and related parties have been hit with penalties of more than £6 million ($11.1 million) for improper auditing of a UK underwriter that IAG sold in 2013 after suffering massive losses...
Insurer announces CEO departure
01 May 2019
Genworth Mortgage Insurance Australia is searching for a CEO to take over from Georgette Nicholas, who is returning to the US after five years with the company...
Are insurers ignoring Townsville’s tradies? No, says ICA
01 May 2019
It’s one of the most common criticisms levelled at insurance companies after a natural catastrophe – that they ignore local tradespeople in the repair and recovery process...
Get smart: brokers urged to sharpen their act in hard market
30 April 2019
Some brokers are risking failure by neglecting underwriters’ needs as the market hardens and capacity tightens, an underwriting agency principal has warned...
Longitude secures Chubb backing in new partnership
30 April 2019
AUB-owned strata specialist Longitude Insurance today announced the start of a new security arrangement with Chubb, which has replaced Vero...
Wellington on shaky ground over premium rises
30 April 2019
Wellington Mayor Justin Lester has suggested the New Zealand Government may need to ensure affordable insurance is available in the earthquake-prone city following IAG’s decision to raise premiums in high-risk areas...
Escape clause gives Lloyd's a double insurance case win
26 April 2019
A classic “escape clause” in a Lloyd’s insurance policy has left Allianz empty-handed in a case of double insurance...
D&O rates rising as class actions keep coming
26 April 2019
The directors’ and officers’ market is continuing to deteriorate for Australian-listed companies as premiums keep rising and insurers moving to improve profitability become more selective...
Big dry continues: no break for drought-hit communities
26 April 2019
Drought is set to continue in many parts of Australia during May as the threat of El Nino remains, the Bureau of Meteorology warns in its latest outlook...
Expanded AFCA powers ‘will push costs, premiums up’
24 April 2019
Empowering the Australian Financial Complaints Authority to investigate legacy disputes may have serious ramifications for insurers who provide financial services-related covers such as professional indemnity...
Mitigation in north ‘can’t wait for 2020’
24 April 2019
Suncorp says action must be taken now to mitigate the impact of natural disasters in northern Australia, and waiting until the Australian Competition and Consumer Commission completes its inquiry would be a mistake...
From compliance to moral courage: ethicist sees a new approach
24 April 2019
An ethicist who works in insurance says the industry should divorce itself from the rest of financial services and build a new culture based around “moral courage”...
EML plans 150 extra staff for NSW workers’ comp team
23 April 2019
EML has opened a new office in Chatswood as it grows its NSW workers’ compensation team, following criticism of its services last year...