Gallagher buys NZ brokerage
07 March 2025
Global broking group Gallagher has acquired New Zealand’s RMA General for an undisclosed amount...
Daily
Same mould story: insurer forced to pay for remediation failure
07 March 2025
The financial services ombudsman has told Hollard to increase its payout to a homeowner after it failed to adequately fix his mould-contaminated property following a previous dispute...
Fears over slow-moving Alfred as industry faces biggest test since 2022
06 March 2025
Southeast Queensland and northeast NSW may receive more heavy rain from tonight as Cyclone Alfred continues to slow down, stoking fears of severe downpours from the category 2 storm...
SMEs move towards mix of channels to buy cover
06 March 2025
Only 10% of Australian businesses buy most of their insurance through a broker, down from 27% in 2018, according to Vero’s 14th SME Insurance Index...
WTW offers ‘world-first’ AI monitor for insurers
06 March 2025
WTW has launched a custom-built, AI-driven performance monitoring tool for insurers...
State MPs weigh building reform bill
06 March 2025
Reforms aiming to overhaul the Victorian builders’ warranty scheme and improve defect protections have been introduced into state parliament...
Thousands of Brisbane homes at risk as cyclone closes on coast
05 March 2025
Preparations are ramping up as Cyclone Alfred powers towards the Queensland and northern NSW coast, with latest updates showing the category 2 storm on course to cross the area early on Friday...
Lockton names new Australia and NZ chief
05 March 2025
Marcus Pearson has been appointed CEO of Lockton Pacific, heading the Australian and New Zealand operations...
Broker code consultation flags ‘controversial’ remuneration issue
05 March 2025
The National Insurance Brokers Association says phase two of its code of practice review is under way, as a consultation paper highlights key issues including much-debated remuneration disclosure requirements...
INsight podcast: great concern as Alfred approaches
05 March 2025
The approach of Cyclone Alfred is the main item discussed on the latest episode of the Insurance News podcast...
Zurich shakes up regional underwriting leadership
04 March 2025
Zurich Insurance Group has made key appointments to its Asia-Pacific underwriting team...
Institute opens award submissions
04 March 2025
The Australian and New Zealand Institute of Insurance and Finance has opened submissions for its annual industry awards...
Cyclone threat forces delay to Kurt Nilsen service
04 March 2025
A celebration of life for Lion Underwriting founder and former Underwriting Agencies Council chair Kurt Nilsen will be rescheduled due to the approach of Tropical Cyclone Alfred...
AFCA allows claim denial after family illness thwarts holiday plan
04 March 2025
A travel policyholder who cancelled his holiday at the last minute when his mother suffered a stroke will not be covered for his loss, after the dispute authority found his insurer fairly applied an age exclusion...
APRA stats: underwriting holds up, investments drop
28 February 2025
The general insurance industry after-tax profit declined to $1.72 billion in the December quarter from $2.08 billion in the September period amid a drop in investments, while the householders class posted a third straight quarter in positive territory, prudential data shows...
ICA heads to Ingham, but minister’s roundtable cancelled
28 February 2025
The Insurance Council of Australia will host a community information evening in Ingham, Queensland, following significant floods in the region last month...
Suncorp to settle add-on sales class action
28 February 2025
Suncorp has agreed to settle a class action launched four years ago in the Victorian Supreme Court related to add-on insurance sales through car dealerships...
Insurance News conference examines future of technology, broking and risk
28 February 2025
A panel discussion at the upcoming Insurance News Outlook 2025 Conference will explore the industry’s future – through the views of experts on emerging risks, cyber, broking and technology...
‘No benefit’: repairers slam IAG, Allianz motor club deals
27 February 2025
Crash repairers have called on the competition watchdog to reject IAG’s acquisition of RACQ Insurance and the Allianz Australia purchase of RAA’s underwriting business...
Southern regions face increased fire risk after hot, dry spell
27 February 2025
An autumn bushfire outlook has flagged a heightened risk in parts of Victoria, SA and WA following warm conditions and “very much below average rainfall” in the back half of last year...