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Steadfast buyers agree $7.7 billion deal, as Fitzgerald secures agencies role

Fri, 21 Aug 2026 09:41:36 GMT

Steadfast has entered into a scheme implementation deed with a consortium that has agreed to buy the listed insurance group for $6 a share – and former Steadfast executive Nigel Fitzgerald will play a key role in running the agencies side of the business....

‘Substantive issues’ agreed in Steadfast deal

Fri, 21 Aug 2026 06:02:02 GMT

Steadfast shares were placed on a trading halt today as documentation on a proposed takeover by a consortium was being finalised...

Crash repairer AMA returns to profit as insurer links pay off

Fri, 21 Aug 2026 06:01:53 GMT

Collision repairer AMA Group has reported a full-year profit of $7.7 million despite easing volumes in the fourth quarter, and says insurer relationships are improving in a key division...

Insurance leads the way in household spending uptick

Fri, 21 Aug 2026 06:01:45 GMT

Consumer spending on insurance grew 1.2% last month – the biggest rise among 12 categories monitored by Commonwealth Bank...

Claimant’s story has a ring of untruth about it, AFCA finds

Fri, 21 Aug 2026 06:01:33 GMT

QBE was entitled to reject a claim for a $14,000 diamond engagement ring after deeming it fraudulent, the industry ombudsman has ruled...

Marsh NZ chief to depart

Thu, 20 Aug 2026 06:04:15 GMT

Marsh New Zealand CEO Toni Ferrier will step down at the end of the month, the broker said today...

Take the Insurance News wellness survey

Thu, 20 Aug 2026 06:04:05 GMT

Insurance News is inviting readers to participate in this year’s wellbeing survey...

‘Urgent action needed’: frontier AI threat ranks high on APRA agenda

Thu, 20 Aug 2026 06:03:58 GMT

The prudential watchdog fears “more severe disruptions” from frontier artificial intelligence and has pressed insurers and other regulated entities to quickly strengthen risk management...

AFCA rejects ‘inexact proof’ of fraud in crash dispute

Thu, 20 Aug 2026 06:03:45 GMT

Allegations of fraud when denying claims must be supported by clear evidence, the financial services ombudsman has warned...

Peak body launches 2026 market survey

Thu, 20 Aug 2026 01:43:22 GMT

NIBA is inviting feedback on insurer claims handling, underwriting expertise, innovation and service via this year’s Broker Market Survey...

Broker not to blame as claim crashes over driver history

Thu, 20 Aug 2026 01:43:13 GMT

The industry ombudsman says a broker was entitled to rely on information previously supplied by a commercial motor client when obtaining a new policy...

Download our Top 20 AR networks report

Thu, 20 Aug 2026 01:42:46 GMT

About one in five brokers is now working under the authorised representative model – and it’s a proportion that is expected to grow...

Steadfast charity report outlines group’s ‘collective generosity’

Thu, 20 Aug 2026 01:42:35 GMT

Steadfast Group has detailed its work supporting charities in an inaugural report marking 15 years of giving to communities...

QBE targets data centre opportunities

Thu, 20 Aug 2026 01:42:12 GMT

QBE will take a global perspective on covering the fast-growing data centres sector and has introduced a new role to oversee an integrated approach...

‘Transformational deal’: Willis Re to buy BMS US reinsurance arm

Thu, 20 Aug 2026 01:41:58 GMT

Willis Re has signed an agreement to acquire BMS Group’s US reinsurance division, expanding its international footprint...

Cowbell brings in Canopius claims specialist

Thu, 20 Aug 2026 01:40:47 GMT

Cyber specialist Cowbell has hired Ellen Brookes as a claims specialist in its Australian operation...

Arch recruits senior underwriter

Thu, 20 Aug 2026 01:40:36 GMT

Arch Insurance Australia has appointed Dave Ha as senior executive assurance underwriter, as it expands its southern region focus...

Funeral to honour Tim Wedlock’s ‘extraordinary contribution’

Wed, 19 Aug 2026 05:45:30 GMT

The funeral service for broking leader Tim Wedlock, who was honoured last week with a posthumous lifetime achievement award, will be held in Sydney later this month...

Spring bushfire outlook reveals risk hotspots across nation

Wed, 19 Aug 2026 05:40:40 GMT

Victoria’s Gippsland region, eastern Tasmania and parts of NSW are among the areas facing an increased bushfire risk this spring...

Hairdresser’s cyclone BI claim fails to make the cut

Wed, 19 Aug 2026 05:25:25 GMT

A hair salon owner has lost a dispute over three days of missed business during Cyclone Alfred...