Daily
2019 will be a volatile year, says AUB
13 November 2018
The Hayne royal commission’s findings and the upcoming federal election will contribute to a volatile 2019, AUB Group Chairman David Clarke warned today...
QBE premium rate rises top market average: CEO
13 November 2018
QBE is achieving above-market increases as its premium rate momentum continues to accelerate...
CBL: high-flying insurer to be liquidated
13 November 2018
CBL Insurance will be wound up after the High Court in Auckland approved an application by the Reserve Bank of New Zealand to liquidate the business...
Senate committee backs new product laws
09 November 2018
A Senate committee today released its report recommending the passing of a bill that would introduce new product laws despite strong concerns from the insurance industry...
Brokers hit back at ASIC call for commissions ban
09 November 2018
The Australian Securities and Investments Commission (ASIC) has called for a ban on commissions across general insurance – a move that brokers say would “decimate” the broking industry...
CEO poaches former Gallagher colleagues
09 November 2018
Two of Gallagher’s senior executives have joined BMS Australia to work for Andrew Godden, their former boss who was appointed CEO of the specialist insurance broker in May...
Assetinsure sold by CBL administrator
08 November 2018
CBL Corporation’s voluntary administrators announced today a deal to sell Sydney-based Assetinsure to Lombard Australia, a newly formed holding company made up of an alliance of surety providers...
Marsh/JLT: What the merger will create
08 November 2018
Marsh & McLennan’s takeover of rival broker JLT is all but certain, after JLT shareholders in London voted overwhelmingly in favour of the merger...
ICA comes out fighting over bank-based reforms
08 November 2018
Another day, another raft of submissions published by the Hayne royal commission...
10 years of trouble: insurers list their sins
07 November 2018
The Hayne royal commission today published detailed “initial request” submissions provided by financial services companies before the hearings began...
Choice targets insurance calculators
07 November 2018
Consumer group Choice has examined the effectiveness of online insurance calculators designed to prevent consumers underinsuring their homes...
AUB unveils Adroit acquisition
07 November 2018
AUB Group today announced an agreement to acquire a majority stake in Victoria-based brokerage Adroit Insurance & Risk...
Royal commission passes on general insurance
06 November 2018
General insurance companies won’t be appearing before the Hayne royal commission’s final round of hearings starting on November 19...
Stamp duties: report backs axing of ‘destructive’ insurance taxes
06 November 2018
Insurance stamp duties are “economically destructive” and should be replaced with a broad-based property levy, the Grattan Institute says...
WA coast tops updated tsunami risk data
06 November 2018
The northwest coast of Australia is the country’s most vulnerable hotspot for tsunamis, according to new data from GeoScience Australia...
Acquisitions keep PSC growing
02 November 2018
PSC Insurance Group is continuing its expansion program with new acquisitions that boost its offering in workers’ compensation services and life cover...
Renewal apathy: three quarters don’t review cover
02 November 2018
More than three-quarters of general insurance customers renew their policies each year without considering what’s available – or the price – from other insurers...
Cyclone season: Complacency raises storm stakes
02 November 2018
Residents seriously underestimate the damage cyclones can do, according to new research released by Suncorp as the cyclone season gets under way...
New product laws ‘could disrupt renewals’
01 November 2018
Proposed laws aimed at preventing financial product mis-selling could require the re-collection of policy information at each renewal, adding millions of dollars to costs and raising premiums...
Farewell FOS: AFCA pledges to restore trust
01 November 2018
A new financial services dispute resolution one-stop shop was launched today, pledging to take a lead in raising industry standards…