The Broker
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...
Reinsurance renewals 'extremely challenging': Honan
09 February 2023
Broker Honan has predicted even higher property premiums are in store after an “extremely challenging” January reinsurance renewal season...
NIBA President Dianne Phelan stepping down after two-year term
09 February 2023
National Insurance Brokers Association President Dianne Phelan is set to step down from the position this month after completing a two-year term during a crucial time for the sector...
CRE adds WA office
09 February 2023
CRE Insurance Broking has established a new Perth-based CRE WA operation, specialising in mining, construction and energy risks, including for clients with international assets...
Clover teams with RAC on business pack, home and motor
09 February 2023
Perth-based RAC Insurance and Clover Insurance will partner on the distribution of business pack, home and motor products through the broker market...
TravelCard 'doubling down' on broker ties as Australia restart confirmed
09 February 2023
TravelCard says brokers remain central to its business model as the insurer prepares to restart its Australian operations in the second quarter...
NIBA opens submissions for Broker of the Year award
09 February 2023
The National Insurance Brokers Association has opened nominations for this year’s Broker of the Year award. ..
CFC to host 'how to sell cyber' broker seminar
09 February 2023
Cyber specialist CFC will host a seminar on the topic “Selling cyber in 2023: how to grow the Australian market” on the morning of February 23...
Broker survey reveals discontent
02 February 2023
Many brokers are unhappy with insurers’ current claims service, communication and approach to complex risks, the inaugural Insurance News Broker Opinion Survey has found...