The Broker
‘Widespread good practice’: brokers have strong company culture, IBCCC says
30 November 2022
Brokers scored well in a culture survey, with the findings reflecting most have “widespread good practice” that drives compliance and achieves good client outcomes, the Insurance Brokers Code Compliance Committee (IBCCC) says.
Optus, Medibank ‘a big wake-up call’: Honan
30 November 2022
Recent high profile cyberattacks have kickstarted insureds into gear, Honan says, promoting better cyber risk management practices and C-suite awareness – with insurers already rewarding this improved behaviour at renewal time.
Howden takes full ownership of AlphaXO
30 November 2022
Howden has acquired full ownership of AlphaXO Risk Partners, a specialty insurance broker headquartered in Sydney.
Broker profile: ‘I found a gap in the market many years ago’
30 November 2022
Steve Maxwell has just sold his Smart Insurance Services brokerage to Gallagher, including a unique online platform for Australia’s market stall holders.
Honan acquires transport and logistics broker
30 November 2022
Honan Insurance Group has acquired Melbourne-based transportation and logistics broker ATIA Insurance Services (ATIA) as it continues its expansion in the Australian market.
ASIC relieves ‘duplicative disclosure burden’ with AR change
30 November 2022
The Australian Securities and Investments Commission (ASIC) has dropped a requirement that general insurance authorised representatives (ARs) must provide clients with a Financial Services Guide (FSG).
Advisr names award finalists
30 November 2022
Advisr, an independent website designed to connect brokers and clients, has announced this year’s finalists in its insurance broker awards as it prepares to crown the winners on Tuesday.
EBM joins Worldwide Broker Network
30 November 2022
EBM Insurance & Risk has become a member of Worldwide Broker Network (WBN), a grouping of independent insurance brokers across more than 100 countries.
Ardonagh accelerates Australian growth with Envest acquisition
24 November 2022
UK-based Ardonagh Group has acquired Envest, which includes broking arm Aviso and underwriting agencies, in a $482 million deal that propels it into the upper tier of Australia’s insurance intermediary businesses...
NIBA set to appear at cyclone pool inquiry hearing
24 November 2022
The cyclone reinsurance pool as currently designed won’t assist people affected by related flooding after an initial 48 hours and doesn’t provide incentives for insurers that have left the market to return, the National Insurance Brokers Association (NIBA) says in a submission lodged ahead of a scheduled appearance tomorrow before a parliamentary inquiry...
Alternative solutions spark interest, as rate gains level out: Gallagher
24 November 2022
Businesses are increasingly seeking alternatives to traditional insurance in areas that remain difficult, but generally premium rate increases are moderating in most commercial lines, a Gallagher business insurance market conditions and outlook report says...
When to turn down clients: brokers give their take
24 November 2022
Saying “no” can be difficult but should brokers accept every client that comes their way? ...
Gallagher buys Smart
24 November 2022
Melbourne-based brokerage Smart Insurance Services has been acquired by Gallagher...
New Howden mergers and acquisitions head commences role
24 November 2022
Howden Head of Mergers and Acquisitions Kristen Babbage joined the broker this month and is based in Sydney...
Broker profile: 'at Marsh my career grew in leaps and bounds'
24 November 2022
Marsh’s award-winning Managing Principal VP Maria Newman, based in Brisbane, says her career took off when she pivoted from accounting to placing insurance for Australian businesses with $500 million-plus annual turnover...
Descartes aims for increased broker engagement
24 November 2022
Descartes Underwriting is planning to engage with more brokers in Australia to support its growing operations, a year after the Paris-based parametric insurance specialist entered the market here...
Extreme weather 'just seems to be relentless'
17 November 2022
Brokers are fielding an influx of calls from clients affected by Australia’s widespread extreme weather as the industry struggles to keep up with the number of claims for flood and storm damage under a third consecutive La Nina...
QBE commercial partnerships manager to oversee Austbrokers, Steadfast engagement
17 November 2022
Newly appointed QBE Head of Commercial, Partnerships Scott Bunting, who has extensive experience building broking networks, commenced his role this month with the insurer...
Record nominations for UAC directorships
17 November 2022
The Underwriting Agencies Council says it has received a record 12 nominations for four directorships to each serve a two-year term on the board...
Insurance House eyeing more regional opportunities after Bendigo acquisition
17 November 2022
Insurance Brands Australia is on the lookout for more investment opportunities in regional Australia after acquiring Bendigo-based brokerage Aus Insurance Services...