insuranceNEWS.com.au - Breaking News

Insurers call for $30 billion flood defence fund

Tue, 25 Feb 2025 05:25:58 GMT

The Insurance Council of Australia has today called for the creation of a $30.15 billion flood defence fund to tackle the nation’s “costliest natural disaster”...

Steadfast merges major brokerages

Fri, 31 Jan 2025 03:04:20 GMT

Network Insurance Group and Insurance House are to merge with Andrew Broughton as CEO of the combined business...

Insurer handed $100,000 penalty over code breach

Tue, 28 Jan 2025 23:25:35 GMT

A general insurer has been ordered to pay $100,000 for a significant code of practice breach related to failures in the handling of customer claims and complaints...

icare recruits EML head as chief exec

Tue, 21 Jan 2025 00:04:45 GMT

NSW state insurer icare has appointed Geniere Aplin, most recently the head of EML Solutions, as its CEO...

Neal departs Lloyd’s to take Aon climate role

Wed, 08 Jan 2025 23:07:42 GMT

Lloyd’s says CEO John Neal is leaving this year to join Aon as global CEO of reinsurance and chairman of climate solutions...

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...

Allianz to buy RAA insurance business

Mon, 02 Dec 2024 05:11:58 GMT

Allianz Australia has struck a $642 million deal with SA motoring group RAA that includes the acquisition of its insurance business and a 20-year distribution agreement...

IAG to buy RACQ underwriting business

Wed, 27 Nov 2024 22:30:46 GMT

IAG will acquire 90% of the RACQ insurance underwriting business, with an option to buy the remaining 10% in two years, under an $855 million deal announced today...

Flood probe final report makes raft of recommendations

Fri, 18 Oct 2024 03:03:59 GMT

The parliamentary floods inquiry has made 86 recommendations in a final report released today, including strengthening regulation and the industry code of practice, and considering a “government-supported reinsurance arrangement” for high-risk properties...

Envest reveals leadership changes after PSC acquisition

Tue, 15 Oct 2024 02:12:49 GMT

Envest has outlined organisational and leadership changes following the completion of Ardonagh’s acquisition of PSC Insurance Group...

‘We are not unethical’: Steadfast hits back after ABC strata show

Tue, 10 Sep 2024 00:19:03 GMT

Steadfast Group has released a statement rejecting allegations featured in the ABC’s Four Corners investigation into the strata industry...

Insurance House ARs to switch to CBN

Wed, 24 Jul 2024 05:00:00 GMT

Insurance House authorised representatives are set to move to Community Broker Network as part of a new strategic partnership between the two Steadfast-owned businesses...

Allianz cops $50,000 penalty for 'significant' code breach

Fri, 07 Jun 2024 00:45:39 GMT

Allianz has been ordered to pay a community benefit payment of $50,000 for a code of practice breach, in the first such financial sanction imposed on an insurer by the governance committee...

Ardonagh to buy PSC Insurance Group for $2.3 billion

Wed, 08 May 2024 07:23:29 GMT

UK-based Ardonagh has announced it plans to buy PSC Insurance Group for an implied equity value of $2.26 billion...

icare CEO Richard Harding resigns

Wed, 10 Apr 2024 04:18:06 GMT

NSW state-owned insurer icare has announced CEO Richard Harding has resigned and will leave the organisation in October...

NIBA names new CEO

Sun, 17 Mar 2024 23:53:52 GMT

The National Insurance Brokers Association has appointed Richard Klipin as CEO, as Phil Kewin departs the role...

PSC confirms discussions over potential takeover

Wed, 13 Mar 2024 06:06:35 GMT

PSC Insurance Group says it has received “multiple strategic approaches” and is taking part in discussions that “may or may not lead to an offer being made for PSC”...

Lloyd’s Australia names new leadership line-up

Tue, 20 Feb 2024 21:51:58 GMT

Lloyd’s has appointed new leaders to run its business here as Regional Head of Australia and New Zealand Chris Mackinnon prepares to take up an expanded role in Singapore on April 1...

Suncorp wins appeal over bank sale to ANZ

Mon, 19 Feb 2024 22:53:17 GMT

Suncorp has won its appeal over the planned $4.9 billion sale of its bank to ANZ, with a decision in the two companies’ favour handed down by the Australian Competition Tribunal this morning...

Agile set to launch Australian-led Lloyd’s syndicate

Wed, 14 Feb 2024 21:59:27 GMT

Australian underwriting agency Agile has been given the go-ahead to establish its own Lloyd’s syndicate, insuranceNEWS.com.au understands...