insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2020 IAG set for a 9-month transition as Harmer bows out https://www.insurancenews.com.au/daily/iag-set-for-a-9-month-transition-as-harmer-bows-out https://www.insurancenews.com.au/daily/iag-set-for-a-9-month-transition-as-harmer-bows-out IAG MD and CEO Peter Harmer says his decision to announce now that he’s leaving the group before the end of the year will allow a “flexible nine-month transition during which time my successor will be appointed”...

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Wed, 08 Apr 2020 16:10:00 +1000
Zurich unveils SME support, Hollard works on ‘unique response’ https://www.insurancenews.com.au/daily/zurich-unveils-sme-support-hollard-works-on-unique-response https://www.insurancenews.com.au/daily/zurich-unveils-sme-support-hollard-works-on-unique-response Zurich has published a series of measures aimed at supporting coronavirus-affected clients and brokers, while Hollard says it is developing its “own unique response” in close consultation with intermediaries...

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Wed, 08 Apr 2020 16:03:00 +1000
Fitch lowers Suncorp’s outlook to negative https://www.insurancenews.com.au/daily/fitch-lowers-suncorps-outlook-to-negative https://www.insurancenews.com.au/daily/fitch-lowers-suncorps-outlook-to-negative Fitch has lowered its outlook on Suncorp to negative after reviewing the insurer’s ratings in light of financial uncertainty and increased risks to capital and earnings from the COVID-19 pandemic...

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Wed, 08 Apr 2020 15:55:00 +1000
APRA suspends new insurance licences, advises prudence https://www.insurancenews.com.au/daily/apra-suspends-new-insurance-licences-advises-prudence https://www.insurancenews.com.au/daily/apra-suspends-new-insurance-licences-advises-prudence Applicants seeking an Australian insurance licence will have to wait at least six months, with the regulator deciding to suspend issuing new permits due to the economic turmoil created by the COVID-19 pandemic...

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Wed, 08 Apr 2020 15:53:00 +1000
Peter Harmer to retire as IAG MD https://www.insurancenews.com.au/breaking-news/peter-harmer-to-retire-as-iag-md https://www.insurancenews.com.au/breaking-news/peter-harmer-to-retire-as-iag-md IAG MD and CEO Peter Harmer will retire at the end of this year after going through "a period of illness" last year, the insurer announced today...

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Wed, 08 Apr 2020 09:15:00 +1000
Industry holds its focus during ‘unprecedented’ pandemic https://www.insurancenews.com.au/daily/industry-holds-its-focus-during-unprecedented-pandemic https://www.insurancenews.com.au/daily/industry-holds-its-focus-during-unprecedented-pandemic The insurance industry’s focus on supporting customers and keeping clients covered during the COVID-19 crisis is a source of pride for Insurance Council of Australia Head of Risk and Operations Karl Sullivan...

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Tue, 07 Apr 2020 16:36:00 +1000
icare provides workers’ comp relief, as SIRA tracks claims https://www.insurancenews.com.au/daily/icare-provides-workers-comp-relief-as-sira-tracks-claims https://www.insurancenews.com.au/daily/icare-provides-workers-comp-relief-as-sira-tracks-claims NSW workers’ compensation insurer icare says it has reduced premiums for more than 2000 businesses and suspended policies for a number of firms as part of coronavirus support measures...

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Tue, 07 Apr 2020 16:30:00 +1000
Life insurers commit to supporting frontline health workers https://www.insurancenews.com.au/daily/life-insurers-commit-to-supporting-frontline-health-workers https://www.insurancenews.com.au/daily/life-insurers-commit-to-supporting-frontline-health-workers Life insurers have moved to reassure healthcare workers who are in the front line of the coronavirus outbreak battle that they won’t be denied access to cover...

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Tue, 07 Apr 2020 16:28:00 +1000
QBE selects a new International CEO https://www.insurancenews.com.au/daily/qbe-selects-a-new-international-ceo https://www.insurancenews.com.au/daily/qbe-selects-a-new-international-ceo QBE announced today that Axa XL executive Jason Harris will become its new London-based International CEO later this year when Richard Pryce retires...

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Tue, 07 Apr 2020 16:27:00 +1000
Aid to SMEs: it's not too late for some alternative thinking https://www.insurancenews.com.au/analysis/aid-to-smes-its-not-too-late-for-some-alternative-thinking https://www.insurancenews.com.au/analysis/aid-to-smes-its-not-too-late-for-some-alternative-thinking The insurance response to the coronavirus pandemic, which played out over the past week, was supposed to be an industry-wide solution to keep SME businesses insured and engaged. But it ended up being a solution that angered brokers and caused a great deal of debate...

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Mon, 06 Apr 2020 14:48:00 +1000