The Broker
AFCA awards top compensation after broker ignored requests
01 September 2022
A broker who did not act on instructions from a businesswoman to arrange insurance for a range of assets has been ordered to pay the maximum compensation by the industry adjudicator, though her request that $40,000 in legal fees be reimbursed was denied...
Court penalises Yes Insurance after workplace laws breach
01 September 2022
The Federal Circuit Court has hit broker Yes Insurance Group and its director with penalties totalling around $28,000 following a workplace laws breach arising from a failure to pay an employee’s wages...
CGU to kick new broker development series off next week
01 September 2022
CGU will on Tuesday host the first of a series of broker development sessions focusing on the changing world of work, industry issues, product trends and economic factors impacting the insurance sector...
NIBA invites brokers to share community assistance stories
01 September 2022
The National Insurance Brokers Association is running a competition encouraging brokers to share stories of how they have helped clients in their community...
Broker profile: 'quality advice is absolutely paramount'
01 September 2022
Sydney-based Scott & Broad MD Andrew Miller unexpectedly transitioned from the UK to Australia, and 20 years on he helps secure protection for some of Australia’s large/middle market corporate clients...
Mike Ambrosini joins Austbrokers Comsure board
01 September 2022
Austbrokers Comsure has appointed Brisbane-based Mike Ambrosini to the board...
'We can be the alternative to corporate giants': McLardy McShane
25 August 2022
Melbourne-headquartered insurance group McLardy McShane is growing fast but remains committed to its family-friendly culture as industry consolidation accelerates around it...
Challenging environment boosts offshore placement: AUB
25 August 2022
Brokers are working harder than ever to assist clients operating within a challenging environment, with significant rate rises and other cost pressures, and are more often looking at offshore placements, AUB MD Mike Emmett says...
NZ brokers assisting clients as wet weather continues
25 August 2022
New Zealand brokers say clients are lodging claims and are continuing to assess damage after torrential rainfall hit the country last week, causing flooding and landslips in South Island regions...
First premium funders code of practice set to commence
25 August 2022
The first insurance premium funding code of practice will take effect from the start of October following its launch this month...
PSC says competition for talent 'very high', outlines acquisition focus
25 August 2022
PSC Insurance Group has indicated its wage costs will see “more than usual” pressure amid an industry-wide shortage of skilled staff and says its broking acquisition strategy will change, focusing on potential targets where “prices haven’t moved as much”...
Steadfast takes ownership of Insurance House parent company
25 August 2022
Steadfast has completed its acquisition of Insurance Brands Australia, giving the broking group ownership of the intermediary business with $438 million in annual gross written premium...
Quality of Advice interim paper 'won't include commissions'
25 August 2022
The National Insurance Brokers Association says a paper expected this month from the Quality of Advice Review won’t address the issue of conflicted remuneration and commissions...
QBE ad campaign aimed at SMEs
25 August 2022
QBE today released a new advertising campaign showcasing the insurer’s range of product offerings for more than 5000 small business types...
Broker profile: 'a naturally entrepreneurial mindset'
25 August 2022
Brisbane-based Clear Insurance’s award-winning MD Lisa Carter is a self-starter who left school and knocked on doors until she found her tribe in broking, establishing her business in 2010 after 11 years at Aon...
AccelTree meets with brokers in Sydney, Melbourne
25 August 2022
India-based insurtech AccelTree Software says it has been invited to meet with broking firms and insurers in Sydney and Melbourne this week and next to showcase its point-of-sale solutions...
Faster, clearer: VeroEdge revamp targets commercial expansion
18 August 2022
Suncorp has extensively overhauled its VeroEdge platform to streamline and improve interactions with brokers as the insurer looks to become more dominant in the commercial market...
Steadfast offered 'really strong' proposal for IBA: Fereday
18 August 2022
Insurance Brands Australia MD Jay Fereday says Steadfast “put forward a really strong proposal” that gave it an edge over other bidders to acquire the privately owned intermediary businesses...
QBE set to spend big in drive for SME business
18 August 2022
QBE will modernise its systems to improve the way it transacts business with brokers and customers in Australia, Group CEO Andrew Horton says...
IAG sees 'momentum' in its loss-making broker business
18 August 2022
IAG Intermediated Insurance Australia has a “little bit of momentum” and is still on track to turn profitable by the 2023/24 financial year as targetted, CEO Nick Hawkins says...