insuranceNEWS.com.au - Breaking News

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...

NIBA CEO Phil Kewin set to depart in April

Wed, 10 Jan 2024 02:17:01 GMT

The National Insurance Brokers Association says CEO Phil Kewin has resigned from the role and will leave the organisation in April...

Steadfast to acquire Queensland specialist Sure Insurance

Wed, 15 Nov 2023 22:40:35 GMT

Steadfast has announced it will acquire a 70% equity interest in Queensland underwriting agency Sure Insurance for a deal including an upfront cash payment of $148.8 million...

NSW to ditch current insurance-funded Emergency Services Levy

Wed, 15 Nov 2023 22:16:27 GMT

The NSW Labor Government says the state’s insurance-funded Emergency Services Levy is inefficient and unsustainable and it plans to ditch current arrangements and introduce a fairer system...

ANZIIF selects former politician as new CEO

Fri, 20 Oct 2023 02:35:15 GMT

The Australian and New Zealand Institute of Insurance and Finance has appointed former New Zealand politician Katrina Shanks as its next CEO...

Steadfast expands into the US with acquisition

Thu, 05 Oct 2023 23:42:29 GMT

Steadfast says it has acquired ISU Group, one of the largest privately owned independent insurance agency networks in the US, for $US55 million...