NSW building bill lacks detail on coverage: Bellrock
28 November 2024
The NSW government has yet to define what “adequate insurance” means in its draft Building Bill 2024, risk adviser Bellrock says...
The Broker
AFCA sides with complainant over water damage
28 November 2024
An insurer will have to cover property repairs for water damage after the ombudsman ruled the event was claimable under a home and contents accidental loss policy...
Chubb unveils ‘flexible and scalable’ property cover
28 November 2024
Chubb has introduced a property and general liability product designed for manufacturing and real estate businesses with annual revenue up to $50 million...
Gallagher signs up sporting stars
28 November 2024
Gallagher has recruited two sports legends to work with its corporate team in Australia...
Marsh releases guide to ‘crucial’ APRA reform
28 November 2024
Marsh has published a white paper offering “essential insights” into the prudential regulator’s new operational risk management standards...
Howden hails global growth at 30th birthday bash
28 November 2024
Global insurance group Howden held a party this week at London’s Tate Modern to mark the company’s 30th anniversary...
‘Benchmark’ report urges more help for mutuals
21 November 2024
A new report calls for governments and regulators to help facilitate the growth of discretionary risk mutuals...
Brokers ‘most vulnerable’ to strata law overhaul
21 November 2024
Strata law reforms that strengthen consumer protections are likely to affect brokers more than other players in the market, according to Finity...
Gallagher wins dispute over faulty floor cleaner
21 November 2024
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...
Transparency trumps ‘dark arts’ as premiums rise: Aon chief
21 November 2024
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 “dark arts” image, according to Aon Australia CEO Jennifer Richards...
Marsh merges Pacific facultative reinsurance businesses
21 November 2024
Risk management group Marsh McLennan has merged its Guy Carpenter and Marsh Re facultative reinsurance businesses in the Pacific region...
New PIC chief keen to build on family legacy
21 November 2024
New Zealand’s PIC Insurance Brokers says Kristen Garner has been appointed CEO...
CFC recruits transaction liability expert, lifts line size
21 November 2024
Janine Fenwick has joined CFC as transaction liability practice leader for Asia-Pacific, based in Melbourne...
NIBA meets with minister, inquiry head
14 November 2024
National Insurance Brokers Association president Gary Okely and CEO Richard Klipin visited Canberra last week to discuss “matters of insurance affordability and accessibility” with government stakeholders...
Envest buys regional Victorian brokerage
14 November 2024
Envest has acquired a majority stake in Bendigo Insurance Brokers, which will become part of the growing Aviso Group network...
Equipment firm digs in to win excavator theft row
14 November 2024
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...
Everest pursues ‘strategic growth’ in Australia
14 November 2024
Everest Insurance International is expanding in the Australian market, offering tailored solutions across a range of commercial lines including property, casualty and financial risks...
Brokers can live-stream upcoming cyber seminar
14 November 2024
Brokers who want to gain critical cyber insights from the comfort of their desks can access a live-stream of Insurance News’ upcoming seminar...
Insurance House Advance leader joins Zurich
14 November 2024
Zurich has recruited former Insurance House Advance GM Melissa Starfield as its new head of authorised representatives...
Broker fined $2 million for misusing funds
14 November 2024
A UK broker has been fined more than £1 million ($1.96 million) and banned from financial services work after misleading the regulator and misusing funds meant for insurers...