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 2019 Wickshire becomes first Australian-based Lloyd’s broker https://www.insurancenews.com.au/daily/wickshire-becomes-first-australian-based-lloyds-broker https://www.insurancenews.com.au/daily/wickshire-becomes-first-australian-based-lloyds-broker A Sydney brokerage has become the first Australian-based registered Lloyd’s broker as technological uptake at the London market makes it easier to transact business from global locations...

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Fri, 16 Aug 2019 16:17:00 +1000
One more time: NZ to fund repairs for onsold quake homes https://www.insurancenews.com.au/daily/one-more-time-nz-to-fund-repairs-for-onsold-quake-homes https://www.insurancenews.com.au/daily/one-more-time-nz-to-fund-repairs-for-onsold-quake-homes The New Zealand Government will pay homeowners in Christchurch and surrounding areas who bought properties they later found contained botched repairs from the earthquakes and who are unable to claim on private insurance...

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Fri, 16 Aug 2019 16:09:00 +1000
CTP overhaul: ministers seek national fix for automated car cover https://www.insurancenews.com.au/daily/ctp-overhaul-ministers-seek-national-fix-for-automated-car-cover https://www.insurancenews.com.au/daily/ctp-overhaul-ministers-seek-national-fix-for-automated-car-cover Australia’s top transport ministers want compulsory third party (CTP) insurance schemes across Australia to be rejigged to fill a gap in cover for automated vehicles...

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Fri, 16 Aug 2019 16:05:00 +1000
‘Good pricing momentum’ lifts QBE’s half-year profit https://www.insurancenews.com.au/daily/good-pricing-momentum-lifts-qbes-half-year-profit https://www.insurancenews.com.au/daily/good-pricing-momentum-lifts-qbes-half-year-profit QBE today reported a 29% rise in first-half net profit to $US463 million ($683 million) as hardening prices and strong investment returns combined to offset challenging conditions in its North American crop business...

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Thu, 15 Aug 2019 16:23:00 +1000
Reform pain: ICA chief says Hayne will ‘stretch’ industry https://www.insurancenews.com.au/daily/reform-pain-ica-chief-says-hayne-will-stretch-industry https://www.insurancenews.com.au/daily/reform-pain-ica-chief-says-hayne-will-stretch-industry The large number of reforms spilling out of the Hayne royal commission will stretch the general insurance industry to its limits and create a “seismic shift” in the way it operates, according to Insurance Council of Australia CEO Rob Whelan...

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Thu, 15 Aug 2019 16:18:00 +1000
Lloyd’s broker with many Australia links dies https://www.insurancenews.com.au/daily/lloyds-broker-with-many-australia-links-dies https://www.insurancenews.com.au/daily/lloyds-broker-with-many-australia-links-dies Bruce Copp, a London-based specialist Lloyd’s broker with close ties to Australian insurance professionals, has died at the age of 65 after a battle with cancer...

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Thu, 15 Aug 2019 15:28:00 +1000
Investor says ASIC’s Coverforce records are wrong https://www.insurancenews.com.au/daily/investor-says-asics-coverforce-records-are-wrong https://www.insurancenews.com.au/daily/investor-says-asics-coverforce-records-are-wrong Private equity investor Pemba Capital Partners says Coverforce shares issued to Resilium owners including MD Adrian Kitchin are invalid and Australian Securities and Investments Commission company records should be corrected...

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Wed, 14 Aug 2019 16:24:00 +1000
Allianz stung with $250 million extra capital requirement https://www.insurancenews.com.au/daily/allianz-stung-with-250-million-extra-capital-requirement https://www.insurancenews.com.au/daily/allianz-stung-with-250-million-extra-capital-requirement Allianz must put in $250 million in extra capital requirement after coming up short in a risk governance self-assessment test it undertook last year at the request of the Australian Prudential Regulation Authority...

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Wed, 14 Aug 2019 16:21:00 +1000
QBE works on customer charter https://www.insurancenews.com.au/daily/qbe-works-on-customer-charter https://www.insurancenews.com.au/daily/qbe-works-on-customer-charter QBE is about to launch a new Customer Charter, which it says will deliver better and more consistent outcomes for clients during the claims process...

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Wed, 14 Aug 2019 16:20:00 +1000
ICA calls for disclosures on high-risk buildings https://www.insurancenews.com.au/daily/ica-calls-for-disclosures-on-high-risk-buildings https://www.insurancenews.com.au/daily/ica-calls-for-disclosures-on-high-risk-buildings Information from high-risk building registers should be shared by governments with insurers to provide clarity on potential liabilities, Insurance Council of Australia Head of Risk and Operations Karl Sullivan has told a NSW parliamentary inquiry...

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Tue, 13 Aug 2019 16:27:00 +1000