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Allianz announces sale of Hunter

Fri, 20 Dec 2024 07:22:43 GMT

Allianz Australia has agreed to sell its Hunter Premium Funding business to private equity investor Pemba Capital Partners, as it aims to focus on its core insurance operations...

First regulatory road map gives clearer view of reforms

Fri, 20 Dec 2024 03:25:00 GMT

The federal government has released the first edition of its Regulatory Initiatives Grid, setting out reforms on the agenda at key agencies that are likely to affect insurers...

Restoration trade body signs up another insurer

Fri, 20 Dec 2024 03:24:53 GMT

RACQ Insurance has become an associate member of the Restoration Industry Association of Australasia – the second Australian insurer to do so after Suncorp joined last week...

Building consultants call for tweaks to expert report standard

Fri, 20 Dec 2024 03:24:44 GMT

The Association of Insurance Building and Engineering Consultants has suggested three ways to improve the recently launched best practice standard for expert reports...

Double trouble: no cover after ‘distressing’ car repair saga

Fri, 20 Dec 2024 03:24:30 GMT

A vintage car owner who accused two repairers of stealing and maliciously damaging his vehicle has lost a claims dispute after failing to establish a valid loss under his insurance...

IAG heads up battery risk study as EV market grows

Thu, 19 Dec 2024 04:58:32 GMT

IAG will lead a global research project to “debunk misconceptions” about lithium-ion battery fires and establish guidelines for everyday use and storage...

New network offers financial advice for ARs

Thu, 19 Dec 2024 04:58:24 GMT

A new authorised representative network, repX, is offering members financial advice for their businesses in addition to typical broking-related support services...

Employer fails to show ‘loss’ after wages row

Thu, 19 Dec 2024 04:58:00 GMT

A real estate agency that underpaid its workers has been told to cover the cost of meeting their wage entitlements itself, after a failed bid to trigger a management liability policy...

Sum insured ‘irrelevant’ in gold necklace dispute

Thu, 19 Dec 2024 04:57:46 GMT

A man who lost a gold necklace he insured for $31,500 rejected his insurer’s offer to pay him just over $15,000...

ICA makes ‘phased response’ to floods inquiry, code review final report

Wed, 18 Dec 2024 05:12:19 GMT

The Insurance Council of Australia says it supports 78 recommendations from the federal floods inquiry and the independent review of its code of practice, offering an initial response as it continues to work through more challenging proposals...

PSC owner ends ‘pivotal year’ with US investment deal

Wed, 18 Dec 2024 04:57:27 GMT

Ardonagh Group says it is “well placed” for more growth after securing an investment from Stone Point Capital, a US private equity firm with more than $US55 billion ($86 billion) of assets under management...

Court rejects proportionate liability defence over building defects

Wed, 18 Dec 2024 04:56:35 GMT

The High Court has made a key judgment on building defect liability in a dispute involving problems at a North Sydney strata complex...

INsight podcast: ASIC's investigation into Steadfast employees

Wed, 18 Dec 2024 02:58:43 GMT

ASIC's investigation into the trading of Steadfast shares by two of the group's employees is the main topic of discussion on the latest episode of the Insurance News podcast...

Envest unveils networks leadership

Tue, 17 Dec 2024 05:34:50 GMT

Envest has announced the leadership team for its network business, which includes Resilium and PSC Network Partners...

Ausure steps in as Brisbane AR principal puts family first

Tue, 17 Dec 2024 05:09:42 GMT

Ausure will acquire the portfolio of authorised representative CPR Insurance Services as its principal Mandy Cooper takes extended leave and steps back from the business...

Agile launches in London with new marine head

Tue, 17 Dec 2024 05:09:25 GMT

Agile Insurance Group’s London operations have started underwriting business, the Australian agency announced today...

Australasia Underwriting recruits first casualty chief

Tue, 17 Dec 2024 05:01:18 GMT

Australasia Underwriting has hired Steve Ross as head of casualty, which is a new role at the businesses...

QBE Ventures to back start-ups in cyber expansion

Mon, 16 Dec 2024 04:05:13 GMT

QBE says partnerships involving its venture capital arm and cyber start-ups will provide benefits as it seeks to assist businesses around the world that are concerned about rising risks...

Nippon bolsters Australian presence with Resolution deal

Mon, 16 Dec 2024 03:56:16 GMT

Japan’s Nippon Life has announced an $US8.2 billion ($13 billion) acquisition that it says will consolidate its position in the Australian market...

Appeal planned against BI declassing

Mon, 16 Dec 2024 03:29:22 GMT

Law firm Gordon Legal says it will appeal against a Federal Court decision that means participants in planned class actions will instead have to pursue their cases individually...