Daily
WTW buys Australian M&A broker
01 August 2019
Willis Towers Watson today announced the purchase of Risk Capital Advisors, an Australia-founded insurance broker in the mergers and acquisitions space...
Early kickoff: NSW bushfire danger period starts two months early
01 August 2019
The start of the bushfire danger period has been brought forward by two months in much of NSW as 98% of the state battles drought...
Suncorp Acting CEO rejects 'confusing' retail narrative
31 July 2019
Suncorp Acting CEO Steve Johnston says the company has confused investors by trying to be the “Amazon of financial services” and it’s time to refocus on its insurance and banking identity...
Flawed focus: ICA slams ACCC for covering old ground
31 July 2019
An inquiry into northern Australia’s premium affordability problem is revisiting “flawed ideas” that are destined to fail, warns the Insurance Council of Australia...
IAG raids CBA for people head
31 July 2019
IAG today announced Christine Stasi as its incoming Group Executive of People, Performance and Reputation...
Forcing the issue: ACCC calls for compulsory comparator
30 July 2019
The Australian Competition and Consumer Commission says insurers should be forced to participate in a home insurance comparison website to push down premium prices in the north...
Sportscover owner goes into administration
30 July 2019
Sportscover Australia’s parent company, Wild Goose Holdings, has gone into voluntary administration – but the specialist underwriting agency’s operations will not be affected...
Treasury consults on unfair contract terms proposals
30 July 2019
The Morrison Government today released for consultation its draft legislation to apply unfair contract terms laws to insurance contracts, fulfilling the promise it made in February to carry out the reforms as proposed by the Hayne royal commission...
Insurers may face parliamentary scrutiny
26 July 2019
Insurers could be swept up in a parliamentary committee review process that currently focuses on the big four Australian banks...
No relief on drought as bushfire fears grow
26 July 2019
Weather patterns could cause an early start to the southern bushfire season while current trends suggest no relief is in store for drought-affected areas, a Bureau of Meteorology outlook says...
NIBA names full suite of winning brokers
26 July 2019
NIBA has today finalised the full set of state winners for its broker of the year and young professional broker awards...
Loss assessor AAMC hit by cyber breach
25 July 2019
Motor loss assessing firm AAMC has alerted insurers after an unauthorised cyber breach affected part of its systems...
Shareholders pressure Suncorp to act on fossil fuels
25 July 2019
Environmental campaign group Market Forces has submitted a resolution on behalf of more than 100 Suncorp shareholders, demanding the insurer cuts its ties with fossil fuels...
PSC swoops for Lloyd's brokerage
25 July 2019
PSC Insurance Group has agreed to buy London-based Lloyd’s broker Paragon International for a base consideration of £42 million ($75.2 million), the listed brokerage announced today...
Challengers threaten big insurers’ SME stranglehold
24 July 2019
The market dominance of IAG, Suncorp and QBE in the lucrative SME space is under threat from the potential entry of new insurers over the next two years, a new Macquarie Research report says...
UK insurtech incubator set to move into Australia
24 July 2019
London-based Insurtech Gateway, an accelerator for insurance-focused digital start-ups, has announced plans to launch in Australia...
Talk before you intervene: ICA calls for regulator to check first
24 July 2019
The Insurance Council of Australia has called for the regulator to carry out confidential checks with firms before it publicly announces planned interventions over any products it believes will cause consumer harm...
Steadfast merges three SA brokers
23 July 2019
Steadfast is combining three well-known SA brokerage names into a new business, as the network continues to encourage regional mergers...
PI crisis continues despite reform pledge, surveyors warn
23 July 2019
The Australian Institute of Building Surveyors says ministers have failed to address the immediate professional indemnity insurance crisis, focusing instead on long-term reform...
Insurers renew push for no-fault CTP scheme
23 July 2019
A no-fault compulsory third party (CTP) scheme is what Queensland needs if the state is to put a stop to the widespread practice of “claim farming”, a parliamentary committee has heard...