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Wickshire becomes first Australian-based Lloyd�s broker

Fri, 16 Aug 2019 16:17:00 +1000

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...

One more time: NZ to fund repairs for onsold quake homes

Fri, 16 Aug 2019 16:09:00 +1000

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...

CTP overhaul: ministers seek national fix for automated car cover

Fri, 16 Aug 2019 16:05:00 +1000

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...

�Good pricing momentum� lifts QBE�s half-year profit

Thu, 15 Aug 2019 16:23:00 +1000

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...

Reform pain: ICA chief says Hayne will �stretch� industry

Thu, 15 Aug 2019 16:18:00 +1000

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...

Lloyd�s broker with many Australia links dies

Thu, 15 Aug 2019 15:28:00 +1000

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...

Investor says ASIC�s Coverforce records are wrong

Wed, 14 Aug 2019 16:24:00 +1000

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...

Allianz stung with $250 million extra capital requirement

Wed, 14 Aug 2019 16:21:00 +1000

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...

QBE works on customer charter

Wed, 14 Aug 2019 16:20:00 +1000

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...

ICA calls for disclosures on high-risk buildings

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

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...