The Broker
CGU, NTI, Liberty victorious at NIBA awards
13 October 2022
CGU has been crowned General Insurer of the Year by the National Insurance Brokers Association (NIBA), while transport and logistics specialist NTI won the Underwriting Agency award...
Honan flags cyber, property as challenging lines for insureds
13 October 2022
Cyber and property lines will remain challenging, as the Optus data security breach and NSW/Queensland floods fallouts continue to strain risk appetite in the two product classes, according to broker Honan’s latest quarterly update...
BMS brings 'A game' to ride out hard market challenges
13 October 2022
UK-based BMS Group says its Australian business achieved “fabulous” growth in the past 18 months, having doubled its gross written premium to more than $160 million during the period despite some very tough market conditions for hard-to-place risks...
Broker profile: 'I don’t need brain teasers to keep my mind active'
13 October 2022
Sunshine Coast award-winning Crucial Insurance & Risk Advisors Account Manager Alishia Oliver made a “giant leap” into the technical advisory/commercial realm of insurance, and loves tackling the challenging learning curve...
Queensland broker targets $15,000 Movember donations
13 October 2022
Hunter Broking MD Josh Ryan is “beyond blown away” with industry support for his Movember fundraising campaign to raise awareness for men's health...
Compliance culture poor on self-reporting, code monitor says
06 October 2022
The Insurance Brokers Code Compliance Committee says it will be looking for an improvement in the level of self-reported breaches after the new code of practice comes into effect next month...
How EBM sees the market, with flexibility returning
06 October 2022
Major independent broker EBM says pricing increases for many commercial insurance lines are moderating, and while premium reductions are unlikely, further stabilisation for most classes is possible in the near-term...
Lismore brokers upset at slow handling of flood claims
06 October 2022
Brokers based in flood-devastated Lismore say hundreds of flood claims remain unresolved and insurers need to take immediate action...
Broker profile: Tim Ross signs off
06 October 2022
JMD Ross Insurance Brokers MD Tim Ross has retired after almost 50 years in the industry, leaving him more time for his unusual hobby...
Brokers are different: NIBA cautions against 'broad-brush' advice review
06 October 2022
The National Insurance Brokers Association says the Quality of Advice Review provides an opportunity to “reset”, but has stopped short of giving its full support for the proposals paper made by Reviewer Michelle Levy...
Done deal: AUB sets sights on delivering Tyser benefits
06 October 2022
AUB has turned its focus to a successful integration of Lloyd’s wholesale broker Tysers and the delivery of expected benefits following completion of the deal...
Network Insurance launches specialist marine division
06 October 2022
Brisbane-based broker Network Insurance Group has created a marine division aimed at strengthening its presence in the market...
What goes wrong: manual errors are top code breach cause
06 October 2022
Manual error is the top cause of code of practice breaches, accounting for 41% of the total last year, the Insurance Brokers Code Compliance Committee says in its annual report...
Leading NZ broker becomes Insurtech Australia partner
06 October 2022
Insurtech Australia has welcomed New Zealand’s Rothbury Insurance Brokers as its newest “ecosystem partner”...
'We need to do better': broker urges industry to step up after client wins claims dispute
29 September 2022
A freight services provider whose consignment of prawns was sold at a 50% discount after an employee erroneously cut the security seal on a third-party container holding the stock will have the loss covered after winning a claims dispute against the insurer..
Lockton cyber expert outlines ways breach will cost Optus
29 September 2022
This month’s cyber breach will have significant fiscal and resourcing implications for Optus, as well as intangible costs such as reputational damage, Lockton Companies Australia says...
Broker loses tax payment penalty appeal
29 September 2022
Former ACI Broking and Australian Consolidated Insurance Director Wayne Robert Miller has lost an appeal over penalties ordered after the companies didn’t send required money to the Australian Taxation Office...
'Brokers contribute to good claims outcomes': Crawford
29 September 2022
Brokers are an important part of the catastrophe claims process and play a critical role in achieving the right outcomes for clients, Crawford & Company says...
Pool owner loses court battle despite broker breach
29 September 2022
The owner of a 25-metre swimming pool lifted out of the ground after heavy rain has lost a NSW Supreme Court case launched against a broker after she discovered her policy wouldn’t cover the repairs...
NIBA Summit: broker panel line-up revealed
29 September 2022
Time is running out to register attendance at the upcoming National Insurance Brokers Association Summit...