Daily
New agency offers financial lines, casualty for small businesses
05 July 2024
Artisan Underwriting will add to insurance options for small businesses when it launches next month with backing from Liberty Specialty Markets...
Industry eyes next wave of reforms after commission laws pass
05 July 2024
The industry is preparing for the next phase of advice reforms after legislation requiring brokers to seek commission consent when providing personal advice to retail clients finally passed yesterday...
Suncorp lifts reinsurance protection as ‘stability returns’
05 July 2024
Suncorp has locked in reinsurance protection for losses up to an increased limit of $6.75 billion, with the overall cost of the program expected to be broadly in line with last year given offsetting changes...
Christmas storms bill climbs to $1.56 billion
05 July 2024
Deadly storms that struck Australia’s east coast in December led to insured losses of $1.56 billion, the largest catastrophe loss of last year, analyst Perils says...
Battery fires pile on the pain for waste operators
04 July 2024
Insurers’ appetite for covering waste and recycling sites has weakened further due to the rise in lithium-ion battery fires in recent years...
Festive fracture proves costly for trampoline maker
04 July 2024
A physiotherapist has won more than $700,000 in damages after breaking his foot jumping on a trampoline...
Insurtech Australia chief to lead expert seminar panel
04 July 2024
Simone Dossetor, the CEO of Insurtech Australia, will chair a panel titled Are We Ready for Insurance 3.0? at an Insurance News seminar in Sydney on August 6...
Strata specialist Flex adds Lloyd’s underwriting capacity
04 July 2024
Residential strata specialist Flex Insurance has entered into a “significant underwriting binder” with a Lloyd’s syndicate for policies with sums insured up to $25 million...
NIBA names broker of the year finalists
03 July 2024
Sixteen finalists are in the running to win the National Insurance Brokers Association broker of the year award...
Flood inquiry to visit Tasmania
03 July 2024
Federal MPs will hold a hearing in northern Tasmania as they continue their inquiry into the insurance industry’s response to the record floods of 2022...
Liberty unveils ‘scientific’ fire and hail cover for orchards, vineyards
03 July 2024
Liberty Specialty Markets has launched a bushfire and hail product for Australian vine and orchard growers...
INsight podcast: insurer code review progresses
03 July 2024
The General Insurance Code Governance Committee's submission to the ongoing code review is the main topic of discussion on the latest episode of the Insurance News podcast...
WTW appoints Aon veteran to lead region
02 July 2024
James Baum has been appointed WTW head of Australia and New Zealand from July 15...
Reinsurance renewals ‘find balance’ as supply rises
02 July 2024
Australian mid-year property catastrophe reinsurance renewals have been described as relatively flat with some price reductions after a reset and more benign conditions, and with global capacity increasing...
Steadfast boosts broker services team
02 July 2024
Steadfast has appointed Kasun Jayaratne to a newly created role in its broker and insurer services division as it moves to expand the business...
Argenta axes Sydney office after review
02 July 2024
Argenta Underwriting Asia’s office in Sydney has been shut, with existing books and future business to be managed from London...
IAG simplifies reinsurance cover with five-year program
28 June 2024
IAG has revamped part of its reinsurance through a simplified five-year program that aims to better protect earnings from volatility caused by extreme weather...
Suncorp eyes July bank exit after Treasurer backs $4.9 billion sale
28 June 2024
Federal Treasurer Jim Chalmers has approved the sale of Suncorp’s banking business to ANZ, clearing one of the last remaining hurdles for the $4.9 billion deal...
‘Next phase of development’: UK law firm buys Proclaim
28 June 2024
Claims manager Proclaim has agreed to be acquired by UK law firm DWF...
Homeowners win payout over defective roof repairs
28 June 2024
The Australian Financial Complaints Authority has ordered RACQ Insurance to replace a home's roof and patio after finding the insurer failed to address faulty workmanship following a storm in 2020...