The Broker
‘Distinct softening’ tipped to continue in commercial market
15 May 2025
National broker EBM expects commercial pricing to continue shifting in clients’ favour for the rest of the year...
Call for code clarity on complaints and breaches
15 May 2025
Broking code definitions of complaint and breach are “notably vague”, leading to significant under-reporting, a submission to the code review says...
NIBA doubts advice record reform will benefit industry, clients
15 May 2025
The National Insurance Brokers Association has urged the federal government to reconsider its plan to introduce a client advice record regime...
AFCA limits claim delay compensation after ‘$65k loss’
15 May 2025
A fitness trainer who suffered a theft of company funds has been denied compensation for a $65,000 income loss he said stemmed from a six-week delay in a broker lodging his insurance claims...
Webinar panel to examine informed consent reform
15 May 2025
The National Insurance Brokers Association will hold a webinar to help brokers prepare for advice reforms requiring clients to provide informed consent for commissions...
Burbank buys Penrith brokerage
15 May 2025
Burbank Insurance has acquired National Corporate Broking Penrith, a founding member of Steadfast...
BMS adds to Perth team
15 May 2025
BMS Australia has appointed Lisa Triscari as client director for WA commercial...
Former Aon Australia chief Lambrou promoted
15 May 2025
Lambros Lambrou has been appointed chief strategy officer at Aon, which is now conducting an internal search for his replacement as human capital CEO...
Ausure secures Zurich tie-up
15 May 2025
Ausure has formed a strategic partnership with Zurich, giving the Steadfast-backed network’s brokers access to unique collaborations and improved support...
‘Pivotal moment’: IAG revamps intermediated division
08 May 2025
IAG has made a series of senior executive appointments in its intermediated division as part of wider changes to the business...
AFCA backs calls for expanded small business definition in code
08 May 2025
The updated broking code of practice should adopt the Australian Financial Complaints Authority’s broader definition of small business, the ombudsman service proposes...
‘Favourable momentum’ lifts AUB earnings expectation
08 May 2025
Listed intermediary group AUB has reviewed its 2024-25 earnings assessment, noting “favourable trading momentum” since its half-year results in February...
Consumer lobby fears ‘unscrupulous’ commission tweaks on way
08 May 2025
The Australian Consumers Insurance Lobby warns a softening market may lead some brokers to alter their commissions without proper disclosure and informed consent from clients...
Customer payment risk increasing: Atradius
08 May 2025
Australian companies are reporting liquidity challenges as late payments and defaults grow in an unpredictable trading environment, trade credit insurance provider Atradius says...
Scammer jailed over Instagram ‘ghost broking’
08 May 2025
A British fraudster who pretended to be a car insurance broker and hawked his services on Instagram has been jailed for one year...
Former Coverforce execs set up specialist brokerage
08 May 2025
Sydney-based Ferguson Brown Insurance Brokers is open for business, led by two Coverforce veterans...
ML Specialty opens with ‘unique and complex’ covers
08 May 2025
Market Lane Insurance Group has launched ML Specialty, a hub providing tailored covers for niche markets...
Hutch rolls out ‘minimal admin’ trades package
08 May 2025
Hutch Underwriting has launched cover designed for bricklayers, carpenters, landscapers, painters, shop fitters and similar trades...
Forced divestment a last resort, Lib senator tells brokers
01 May 2025
Reducing regulation and taking mitigation action are priorities when tackling insurance costs, ahead of any forced break-up of companies, Liberal senator Andrew Bragg told a pre-election breakfast today...
ACCC doubles down on call to end commissions
01 May 2025
The competition regulator has confirmed its stance against broker commissions in a submission to the profession’s code of practice review...