Daily
AUB division chief heads for exit
02 April 2019
One of AUB Group’s key divisional heads has left the business to focus on a new digital start-up...
New era arrives as Marsh-JLT join up
02 April 2019
Marsh & McLennan’s $US5.6 billion ($7.8 billion) acquisition of rival global broker JLT has taken effect after a final court order, with Australia a key market for the combined business.
Great expectations: New Zealanders challenged on post-disaster reality
02 April 2019
New Zealand has to re-examine whether it is practical to continue to expect the Government or insurers to get properties back to the condition they were in before disaster struck, the Insurance Council of New Zealand says...
Dead broke: CBL has no money to pay creditors
29 March 2019
New Zealand-based insurer CBL Corporation has yet to pay any of its creditors who are owed at least $NZ173 million, the voluntary administrators say in a new report...
Here’s how much ASIC will levy you
29 March 2019
The Australian Securities and Investments Commission today published estimated sector levies under its new industry funding regime...
Ready for takeoff: HDI Specialty sets up aviation team
29 March 2019
HDI Global Specialty SE has recruited Jamie Bowes from QBE as Head of Aviation to spearhead its bid to become a major player in the aviation business...
General or personal? Consumers confused over advice
28 March 2019
Many consumers confuse general and personal advice, exposing them to the risk of poor financial decisions, according to new research...
Lloyd’s sees ‘green shoots’ as losses decline by half
28 March 2019
Lloyd’s has reported a £1 billion ($1.9 billion) pre-tax loss for last year as another season of costly natural disasters hurt profitability...
Bushfire class action: IAG customers awarded damages
28 March 2019
The WA Supreme Court has ruled in favor of 189 residents, including a number of IAG customers, who filed class actions seeking compensation for damages suffered from the 2014 Parkerville bushfire in the Perth Hills...
Lloyd’s takes ‘robust action’ to address sexual harassment
27 March 2019
Lloyd’s has unveiled what it says is a “robust plan of action” to address reports of sexual harassment after several female employees alleged they have been victims of inappropriate conduct...
Abuse liability reforms 'raise cover risks'
27 March 2019
Proposals to improve civil compensation access for sexual abuse survivors have insurance repercussions for organisations involved in the care of children, the Insurance Council of Australia says...
NZ flooding ‘influenced by climate change’
27 March 2019
The west coast of New Zealand’s South Island has been battered by strong winds and heavy rain – and the Insurance Council of New Zealand warns the event is likely to have been influenced by climate change...
ICA hits back at MP’s ‘gouging’ accusation
26 March 2019
Queensland MP Warren Entsch’s claims that insurers are “gouging” consumers in the north are groundless, the Insurance Council of Australia says...
Marsh JLT deal clears competition hurdles
26 March 2019
Marsh & McLennan’s takeover of JLT has won approval from the European Commission after it jettisoned an aerospace practice, paving the way for completion of the deal on Monday...
Victoria bushfires push summer catastrophe bill past $2.2 billion
26 March 2019
The Bunyip bushfires in eastern Victoria have added another $20 million to a summer catastrophe bill that has now soared past $2.2 billion...
Suncorp nears deal on Resilium sale
22 March 2019
Suncorp may be close to finalising the sale of its Resilium authorised representative (AR) network after commencing a review of the business last year...
‘Incorrect premium application’ in AFCA’s crosshairs
22 March 2019
An insurer that imposed a much higher premium on a customer’s property policy has discovered that the new Australian Financial Complaints Authority can rule if the increase is fair...
Double trouble: intense cyclones ‘unprecedented’
22 March 2019
Two category 4 cyclones could make landfall this weekend simultaneously in Australia for the first time since reliable records began...
Twin cyclones bearing down on WA, NT
21 March 2019
Tropical Cyclones Veronica and Trevor are on course to make landfall as category-4 storms this weekend in WA and the NT respectively, bringing destructive winds and storm surges to the regions...
Hostile debut for new CTP scheme
21 March 2019
The ACT has introduced no-fault compulsory third party (CTP) scheme reforms into its Legislative Assembly following a contentious process and amid criticism from lawyers that the new model remains flawed...