insuranceNEWS.com.au

IAG set for a 9-month transition as Harmer bows out

Wed, 08 Apr 2020 16:10:00 +1000

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”...

Zurich unveils SME support, Hollard works on �unique response�

Wed, 08 Apr 2020 16:03:00 +1000

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...

Fitch lowers Suncorp�s outlook to negative

Wed, 08 Apr 2020 15:55:00 +1000

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...

APRA suspends new insurance licences, advises prudence

Wed, 08 Apr 2020 15:53:00 +1000

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...

Peter Harmer to retire as IAG MD

Wed, 08 Apr 2020 09:15:00 +1000

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...

Industry holds its focus during �unprecedented� pandemic

Tue, 07 Apr 2020 16:36:00 +1000

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...

icare provides workers� comp relief, as SIRA tracks claims

Tue, 07 Apr 2020 16:30:00 +1000

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...

Life insurers commit to supporting frontline health workers

Tue, 07 Apr 2020 16:28:00 +1000

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...

QBE selects a new International CEO

Tue, 07 Apr 2020 16:27:00 +1000

QBE announced today that Axa XL executive Jason Harris will become its new London-based International CEO later this year when Richard Pryce retires...

Aid to SMEs: it's not too late for some alternative thinking

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

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...