General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/the-broker/benchmark-report-urges-more-help-for-mutualshttps://www.insurancenews.com.au/the-broker/benchmark-report-urges-more-help-for-mutuals<p>A new report calls for governments and regulators to help facilitate the growth of discretionary risk mutuals...</p>Thu, 21 Nov 2024 01:02:56 GMThttps://www.insurancenews.com.au/the-broker/brokers-most-vulnerable-to-strata-law-overhaulhttps://www.insurancenews.com.au/the-broker/brokers-most-vulnerable-to-strata-law-overhaul<p>Strata law reforms that strengthen consumer protections are likely to affect brokers more than other players in the market, according to Finity...</p>Thu, 21 Nov 2024 01:01:01 GMThttps://www.insurancenews.com.au/the-broker/broker-wins-dispute-over-faulty-floor-cleanerhttps://www.insurancenews.com.au/the-broker/broker-wins-dispute-over-faulty-floor-cleaner<p>A business owner who accused Gallagher of not choosing an appropriate insurance policy for equipment or advocating during a claims process has lost a dispute before the Australian Financial Complainants Authority...</p>Thu, 21 Nov 2024 00:59:21 GMThttps://www.insurancenews.com.au/the-broker/transparency-trumps-dark-arts-as-premiums-rise-aon-chiefhttps://www.insurancenews.com.au/the-broker/transparency-trumps-dark-arts-as-premiums-rise-aon-chief<p>The insurance industry needs to be honest with clients about the reasons for premium rises and use data and analytics more effectively to dispel a &ldquo;dark arts&rdquo; image, according to Aon Australia CEO Jennifer Richards...</p>Thu, 21 Nov 2024 00:58:26 GMThttps://www.insurancenews.com.au/the-broker/marsh-merges-pacific-reinsurance-businesseshttps://www.insurancenews.com.au/the-broker/marsh-merges-pacific-reinsurance-businesses<p>Risk management group Marsh McLennan has merged its Guy Carpenter and Marsh Re facultative reinsurance businesses in the Pacific region...</p>Thu, 21 Nov 2024 00:56:45 GMThttps://www.insurancenews.com.au/the-broker/new-pic-chief-keen-to-build-on-family-legacyhttps://www.insurancenews.com.au/the-broker/new-pic-chief-keen-to-build-on-family-legacy<p>New Zealand&rsquo;s PIC Insurance Brokers says Kristen Garner has been appointed CEO...</p>Thu, 21 Nov 2024 00:55:56 GMThttps://www.insurancenews.com.au/the-broker/cfc-recruits-transaction-liability-expert-lifts-line-sizehttps://www.insurancenews.com.au/the-broker/cfc-recruits-transaction-liability-expert-lifts-line-size<p>Janine Fenwick has joined CFC as transaction liability practice leader for Asia-Pacific, based in Melbourne...</p>Thu, 21 Nov 2024 00:55:40 GMThttps://www.insurancenews.com.au/the-broker/niba-meets-with-minister-inquiry-headhttps://www.insurancenews.com.au/the-broker/niba-meets-with-minister-inquiry-head<p>National Insurance Brokers Association president Gary Okely and CEO Richard Klipin visited Canberra last week to discuss &ldquo;matters of insurance affordability and accessibility&rdquo; with government stakeholders...</p>Thu, 14 Nov 2024 00:53:48 GMThttps://www.insurancenews.com.au/the-broker/envest-buys-regional-victorian-brokeragehttps://www.insurancenews.com.au/the-broker/envest-buys-regional-victorian-brokerage<p>Envest has acquired a majority stake in Bendigo Insurance Brokers, which will become part of the growing Aviso Group network...</p>Thu, 14 Nov 2024 00:53:25 GMThttps://www.insurancenews.com.au/the-broker/equipment-firm-digs-in-to-win-excavator-theft-rowhttps://www.insurancenews.com.au/the-broker/equipment-firm-digs-in-to-win-excavator-theft-row<p>A machinery hire business that held mobile plant and equipment insurance has won a claims dispute over whether an excavator was stolen by an unknown party...</p>Thu, 14 Nov 2024 00:53:13 GMThttps://www.insurancenews.com.au/the-broker/everest-pursues-strategic-growth-in-australiahttps://www.insurancenews.com.au/the-broker/everest-pursues-strategic-growth-in-australia<p>Everest Insurance International is expanding in the Australian market, offering tailored solutions across a range of commercial lines including property, casualty and financial risks...</p>Thu, 14 Nov 2024 00:52:58 GMThttps://www.insurancenews.com.au/the-broker/brokers-can-live-stream-upcoming-cyber-seminarhttps://www.insurancenews.com.au/the-broker/brokers-can-live-stream-upcoming-cyber-seminar<p>Brokers who want to gain critical cyber insights from the comfort of their desks can access a live-stream of Insurance News&rsquo; upcoming seminar...</p>Thu, 14 Nov 2024 00:52:42 GMThttps://www.insurancenews.com.au/the-broker/insurance-house-advance-leader-joins-zurichhttps://www.insurancenews.com.au/the-broker/insurance-house-advance-leader-joins-zurich<p>Zurich has recruited former Insurance House Advance GM Melissa Starfield as its new head of authorised representatives...</p>Thu, 14 Nov 2024 00:52:18 GMThttps://www.insurancenews.com.au/the-broker/broker-fined-2-million-for-misusing-fundshttps://www.insurancenews.com.au/the-broker/broker-fined-2-million-for-misusing-funds<p>A UK broker has been fined more than &pound;1 million ($1.96 million) and banned from financial services work after misleading the regulator and misusing funds meant for insurers...</p>Thu, 14 Nov 2024 00:51:58 GMThttps://www.insurancenews.com.au/the-broker/haven-names-new-underwriting-managerhttps://www.insurancenews.com.au/the-broker/haven-names-new-underwriting-manager<p>Andrew Mitchell has been appointed underwriting manager at recently launched agency Haven...</p>Thu, 14 Nov 2024 00:51:29 GMThttps://www.insurancenews.com.au/the-broker/steadfast-buys-lloyd-s-broker-in-push-for-growth-runwayhttps://www.insurancenews.com.au/the-broker/steadfast-buys-lloyd-s-broker-in-push-for-growth-runway<p>Steadfast has acquired Lloyd&rsquo;s broker HW Wood for &pound;23.5 million ($46 million), the Australian listed intermediary group announced this morning...</p>Thu, 07 Nov 2024 00:51:08 GMThttps://www.insurancenews.com.au/the-broker/suncorp-targets-vero-specialty-expansionhttps://www.insurancenews.com.au/the-broker/suncorp-targets-vero-specialty-expansion<p>Suncorp plans to introduce a range of products under a Vero specialty lines banner, with high-hazard commercial property the first area to be targeted...</p>Thu, 07 Nov 2024 00:48:35 GMThttps://www.insurancenews.com.au/the-broker/gallagher-names-new-claims-headhttps://www.insurancenews.com.au/the-broker/gallagher-names-new-claims-head<p>International brokerage Gallagher has appointed Dennis Dalati as head of claims for Australia and Asia...</p>Thu, 07 Nov 2024 00:45:11 GMThttps://www.insurancenews.com.au/the-broker/niba-to-outline-next-steps-ahead-of-code-reviewhttps://www.insurancenews.com.au/the-broker/niba-to-outline-next-steps-ahead-of-code-review<p>Details of the broking code review process and how stakeholders can provide input will be announced in coming weeks, the National Insurance Brokers Association says...</p>Thu, 07 Nov 2024 00:42:43 GMThttps://www.insurancenews.com.au/the-broker/360-vero-among-winners-in-ia-awardshttps://www.insurancenews.com.au/the-broker/360-vero-among-winners-in-ia-awards<p>Vero was crowned insurer of the year and 360 won the underwriting agency award at the Insurance Advisernet gala awards dinner...</p>Thu, 07 Nov 2024 00:39:23 GMT