Former IAG, Zurich exec takes top job at MDA National
03 October 2024
MDA National has appointed Tim Plant as CEO, replacing Ian Anderson, who is retiring after more than nine years in the role...
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Hannover Re appoints new Australia MD
03 October 2024
Hannover Re has named Blake Dimitrijevic as its Australian branch MD following the appointment of predecessor Michael Eberhardt to the reinsurer’s Bermuda office...
Lost furniture code breach sparks compliance warning
03 October 2024
Insurers must ensure third-party service providers comply with code of practice obligations, the governance committee has warned, after a contractor engaged to store a customer’s household furniture lost or damaged some of the items...
AFCA backs 200% premium rise on flood-risk property
03 October 2024
A landlord who challenged his insurer over an increase to his annual premium of more than $3500, primarily due to his property’s heightened flood risk, has lost a bid to be refunded...
Ardonagh takeover of PSC ‘now effective’
02 October 2024
PSC Insurance Group says Ardonagh’s $2.3 billion takeover scheme of arrangement is now legally effective, with approvals and regulatory steps completed...
‘Myth-busting’ bid to boost electric car switch
02 October 2024
Cost and range anxiety remain key barriers to consumers switching to electric vehicles, despite most people driving relatively short day-to-day distances and the cars having lower running expenses, research released by NRMA Insurance shows...
Payout rejected after bag theft from ‘sleeping’ traveller
02 October 2024
A traveller whose backpack was stolen while she was resting at a beach will not be covered for her loss after the complaints authority ruled the bag was left unattended...
INsight podcast: merger is the (second) biggest story of the year
02 October 2024
Ardonagh's $2.3 billion acquisition of PSC is the main topic of discussion on the latest episode of the Insurance News podcast...
ICA outlines premium pressures, defends insurer profits at inquiry
01 October 2024
The insurance peak body defended the industry against accusations of price gouging at today’s session of the Senate inquiry into the impact of climate risk on premiums, as consumer groups sought a regulatory crackdown to lift affordability...
Former Marsh commercial head joins CBN
01 October 2024
Community Broker Network has recruited John Mutton as EGM of strategic partners – one of three leadership appointments announced today...
Flood probe ups ante on insurer code review response
01 October 2024
Federal flood inquiry findings that reinforce code of practice review recommendations would increase pressure on insurers to adopt higher standards, parliamentary probe chairman Daniel Mulino says...
Ex-Steadfast EGM becomes Cover.Insure chief
01 October 2024
Chris Rouse has been appointed CEO at direct-to-consumer business Cover.Insure, which has started out offering travel insurance in partnership with Battleface...
Prudential rule tipped to trigger agency M&A surge
27 September 2024
The underwriting agency sector could face a round of consolidation with the introduction of a resilience prudential standard requiring insurers to have business continuity plans, according to Macquarie Equity Research...
Claims conference spotlights expert report shake-up
27 September 2024
Expert report improvements and better disaster response communication and co-ordination are among changes that would help policyholders after natural catastrophes, the Claims Convention heard yesterday...
NSW outlines plan to ‘restore confidence in icare’
27 September 2024
NSW Treasury has made more than a dozen findings after a review of icare that it says will improve transparency around expenditure, hold the state insurer accountable and improve how the workers’ compensation system is overseen...
ANZIIF reveals New Zealand award finalists
27 September 2024
The Australian and New Zealand Institute of Insurance and Finance has released its list of finalists for the 12th New Zealand Insurance Industry Awards...
Ardonagh closes in on PSC takeover
26 September 2024
UK-based Ardonagh is a step nearer to wrapping up its $2.3 billion acquisition of PSC Insurance Group after the Australian broker’s shareholders voted overwhelmingly in favour today...
Intermediated premium tops $19 billion in June half
26 September 2024
General insurance intermediaries including brokerages issued premium invoices totalling about $19.9 billion in the six months to June, according to an Australian Prudential Regulation Authority update...
ICA tells election contenders to end insurance tax ‘madness’
26 September 2024
The Insurance Council of Australia has urged Queensland to scrap home insurance stamp duty, weighing in a month before the October 26 state election...
Claimant secures car payout after row over son’s criminal past
26 September 2024
A motor policyholder has won a dispute with her insurer over claims she made a misrepresentation by not disclosing her son, who had a criminal history, as a listed driver...