insuranceNEWS.com.au - All news

IAG retail premium grows as commercial arm lags

Thu, 13 Aug 2026 06:15:15 GMT

IAG expects tough market conditions to continue for its intermediated business this year and is accelerating a technology overhaul to enhance performance, while its retail operations are tipped to drive premium gains...

Regulator backs Ambrose builder buyout

Thu, 13 Aug 2026 06:15:05 GMT

Ambrose Construct Group can proceed with its acquisition of Major Loss Builders after the competition regulator deemed the deal unlikely to affect the supply of insurance repair and restoration work...

Final call for feedback under state’s CTP review

Thu, 13 Aug 2026 06:14:53 GMT

Consultation on the NSW compulsory third party motor insurance scheme closes next Monday...

Ombudsman sides with insurer after crooks make off with copper

Thu, 13 Aug 2026 06:14:39 GMT

Rolls of copper wire that were stolen from a house are not covered under an additional benefit for unfixed home building materials, the Australian Financial Complaints Authority has found...

Price rises drive Suncorp commercial earnings

Thu, 13 Aug 2026 01:46:45 GMT

Suncorp’s commercial business delivered a stronger performance last financial year, lifted by price increases and improved loss ratios...

IAG profit dips amid ‘elevated natural perils’

Thu, 13 Aug 2026 01:28:29 GMT

IAG’s full-year net profit fell 24.8% to $1.022 billion amid higher natural peril costs and after a business interruption provision release boosted the previous period...

Members see no value in code remuneration expansion: NIBA

Thu, 13 Aug 2026 01:27:10 GMT

The National Insurance Brokers Association says its members are “overwhelmingly” against expanding code of practice remuneration disclosure requirements to all small business customers – but a significant stakeholder has accused the peak body of trying to “defend the indefensible”...

Claims committee to ‘ensure broker voices heard’

Thu, 13 Aug 2026 01:26:54 GMT

A new committee of eight experienced brokers aims to strengthen the profession’s voice on claims issues...

Family fails in bid for total loss payout over death contamination

Thu, 13 Aug 2026 01:26:41 GMT

An insurer must repair bedroom wall cracks contaminated with odour after a dead body was left for nine days at a homestead in remote Queensland, but it does not have to declare a total loss, the industry ombudsman has ruled...

Austcover, QIB fill key exec roles

Thu, 13 Aug 2026 01:22:31 GMT

Peter Apolakiatis has been appointed GM at Steadfast-backed Austcover, succeeding Alan Moran, who is promoted to QIB Group Holdings chief broking officer...

Austagencies secures ACCC waiver to raise stake in tech specialist

Thu, 13 Aug 2026 01:22:20 GMT

AUB subsidiary Austagencies has been cleared to buy an additional 20% stake in Sura Technology Risks without having to notify the Australian Competition and Consumer Commission...

Prevail broadens offerings with Primassure integration

Thu, 13 Aug 2026 01:21:51 GMT

High net worth and farming specialist Prevail says its small business offerings have expanded following the integration of underwriting agency Primassure on August 1...

Mainstay mechanics cover joins Sunrise

Thu, 13 Aug 2026 01:21:38 GMT

Mainstay Underwriting’s motor trade insurance has been added to the Ebix Sunrise Exchange platform...

Mitti targets new markets under old name

Thu, 13 Aug 2026 01:21:22 GMT

Sydney-based Mitti Insurance has promoted John Blake to global CEO as it makes its first move into the US...

Arch ML product added to Ebix platform

Thu, 13 Aug 2026 01:20:56 GMT

Arch Insurance Australia has launched its recently updated management liability offering on the Ebix Sunrise Exchange platform...

Natural hazards hit Suncorp earnings

Wed, 12 Aug 2026 06:20:16 GMT

Suncorp has signalled a need to “get ahead” of claims inflation after reporting a drop in full-year earnings, driven partly by a blowout in natural hazard costs...

Business MD to leave QBE after ‘period of transformation’

Wed, 12 Aug 2026 06:18:49 GMT

QBE Australia’s business MD Elliot Hill is departing the insurer after seven years...

Payout bid flops after stud bull loses its mojo

Wed, 12 Aug 2026 04:43:13 GMT

The owner of a bull that suffered a drop-off in its breeding ability after being sold has lost a claim dispute...

INsight podcast: market trends and TasInsure’s latest twist

Wed, 12 Aug 2026 04:33:56 GMT

Aon’s latest assessment of the market is the first item discussed on this week’s Insurance News podcast...

Suncorp announces leadership switch

Tue, 11 Aug 2026 22:38:02 GMT

Suncorp’s commercial and consumer insurance chiefs will swap roles, as part of a range of executive changes announced today...