The Broker
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...
Howden ranks first on workplace culture list
18 August 2022
Howden has been named to have the best small business working culture in Australia by workplace researcher Great Places to Work...
Broker profile: 'the freedom to be out on the road'
18 August 2022
Melbourne-based Network Insurance Group Senior Account Executive Chris Prowse has no regrets after abandoning plans to be a dentist for a career in broking...
Landlord underwriting agencies set to merge
18 August 2022
Landlord insurance specialist St George Underwriting Agency has announced it will combine with Property Insurance Plus into a single landlord insurer...
Buyer sought for Victorian brokerage
18 August 2022
Expressions of Interest are being sought for Geelong-based Adrian G Mathieson and Associates, which has been trading for around 25 years as a general insurance agency and brokerage...
ASIC offers regulatory relief for commercial products with retail cover
18 August 2022
Brokers who offer retail cover as part of bundled commercial insurance contracts have been granted temporary regulatory relief exempting them from certain retail client obligations as set out in the Corporations Act...
Suncorp sees scope to boost commercial market share
11 August 2022
Suncorp sees opportunities to boost its share of the commercial market as it moves forward as an insurance-focused company following the decision to divest its banking arm...
Broker complaints decline sharply, AFCA figures show
11 August 2022
Complaints against general insurance brokers fell about 41% last financial year, latest data from the Australian Financial Complaints Authority shows...
AUB 'right new owner', says Tysers CEO
11 August 2022
UK Lloyd’s wholesale broker Tysers sees opportunities for further expansion following its acquisition by AUB Group, which announced in May a deal to buy the business for $880 million...