The Broker
Tributes paid to broking industry icon
02 March 2023
Brokerage founder Warren Saunders died yesterday aged 88, sparking a wave of tributes...
Rates rises to go on amid 'incredible reinsurance crescendo', says Steadfast CEO
23 February 2023
The hard insurance market will continue as insurers battle “horrific” reinsurance costs, Steadfast MD and CEO Robert Kelly says...
PSC to leave Steadfast platform after network exit
23 February 2023
PSC Insurance Group will no longer have access to the Steadfast Client Trading Platform after May after its departure from the network in the middle of last year...
'Not acceptable': NSW brokers flag recovery concerns one year after floods
23 February 2023
As northern NSW communities mark the one-year anniversary after historic flooding hit the region, local brokers say many residents continue to face a difficult path to rebuild their lives...
Brokers take on key support role in cyclone's wake
23 February 2023
Brokers are working flat out to contact clients following the devastating impact of Cyclone Gabrielle, the Insurance Brokers Association of New Zealand says...
PSC steps up in NSW, announces Australia broking head
23 February 2023
PSC Insurance Group is establishing a new NSW broking branch after taking an initial majority 70% stake in Aviation Marine General Insurance...
AUB makes Tysers changes, hones Australia and NZ focus
23 February 2023
AUB Group says it has already made changes at the UK Tysers business that it acquired last year, simplifying the wholesale structure and honing its focus on the Australia and New Zealand market...
McLardy McShane makes key appointments
23 February 2023
Melbourne-based brokerage McLardy McShane has announced a series of appointments as it puts additional infrastructure in place following rapid growth...
UAC Sydney expo at bigger venue draws 600 brokers
23 February 2023
The Underwriting Agencies Council says its expo at the Sydney International Convention Centre last week drew more than 600 brokers, who saw an opportunity to learn about products and services on offer from some 112 agency and business service members...
AUB raises guidance after robust first-half trading, Tysers boost
16 February 2023
AUB Group has raised its full-year earnings outlook after the first-half performance topped its guidance range as a result of robust trading and the Tysers acquisition performing ahead of expectations...
Brokers 'voluntarily reducing commissions' in hard market
16 February 2023
Many brokers are choosing to wind back commission levels as premiums soar and clients struggle with the cost-of-living crisis, the National Insurance Brokers Association says...
Brokers flock to Facebook group for help placing tough risks
16 February 2023
A Facebook group that was set up to give brokers a forum to discuss hard-to-place risks as underwriters pull back is growing fast...
IAG 'increasingly confident' on intermediated profit target
16 February 2023
IAG says its intermediated division is on track to achieve a $250 million profit target as premium increases flow through and financial year first-half progress points to improvements in the business...
Suncorp commercial GWP increases 6.9% in first half
16 February 2023
Suncorp Australian commercial gross written premium increased 6.9%, excluding portfolio exits in the first half, with gains across short-tail underwriting partly offset by a decrease in packages...
NIBA backs campaign to ditch NSW ESL
16 February 2023
The National Insurance Brokers Association is backing the Insurance Council of Australia campaign urging the next NSW government to ditch the “unfair” Emergency Services Levy...
Vero to host SME Insurance Index webinar next month
16 February 2023
Vero is inviting brokers to its 2023 SME Insurance Index webinar, which will explore the status of the market, emerging trends and opportunities...
Aon expands partnership with Chartered Accountants Australia and New Zealand
16 February 2023
Aon has been named the preferred Professional Indemnities Member Benefits Partner for Charted Accountants Australia and New Zealand...
Hacked business loses dispute over cyber cover advice
09 February 2023
A business that had its claim for a large 2019 cyber attack denied has lost a dispute in which it accused its broker of breaching its duty of care and failing to procure appropriate cover...
Commissions should stay, advice review final report says
09 February 2023
General insurance broking commissions should remain exempt from the ban on conflicted remuneration, the Quality of Advice Review says in its final report, setting out a detailed explanation for its position...
Lockton appoints Leo Demer Pacific Region President
09 February 2023
Lockton has appointed former JLT executive Leo Demer as President of its Pacific region business, effective from Monday...