Youi culls NZ workforce
12 February 2018
Youi says it is in the New Zealand insurance market for the long-haul, despite cutting the size of its workforce…
Corporate
Genworth profit down as ‘transitionary year’ beckons
12 February 2018
Genworth Mortgage Insurance Australia says it will continue to “redefine” its business model after net profit dived 26.5% to $149.2 million last year…
Chubb tie-up targets renters’ cover gap
12 February 2018
Chubb has partnered with property listings website rent.com.au to create a new home contents policy aimed at renters…
S&P downgrades QBE outlook
05 February 2018
The QBE Group’s outlook has been downgraded from “positive” to “stable” by S&P Global Ratings…
Adjustments will drag CBL into red
05 February 2018
CBL Corporation expects to report an after-tax consolidated loss of $NZ75-85 million when its results for last year are released on February 27…
Midland embarks on interstate expansion drive
05 February 2018
Melbourne-based Midland Insurance Brokers has acquired two NSW brokerages, established a joint venture in WA and bought a broker’s portfolio that will increase its overall base premium to more than $47 million…
Quantum appoints director to aid expansion
05 February 2018
Quantum Underwriting Agencies has appointed Neil Sheppard as a director as it looks to expand its offering…
UK claims specialist sets up in Australia
05 February 2018
British digital claims specialist 360Globalnet has opened an office in Australia as part of an expansion drive in the Asia-Pacific region…
Rothbury branches out with Nelson office
05 February 2018
Rothbury Insurance Brokers is continuing its expansion in New Zealand, opening an office in Nelson with experienced broker Phil Thompson at the helm…
Ensurance exec steps down
05 February 2018
Ensurance Executive Director Stefan Hicks resigned last month and has become a non-executive director, the listed broker and technology group says…
QBE weighs future in Latin America after ‘challenging year’
29 January 2018
QBE is reviewing its Latin American operations and moving to simplify the group after flagging an expected after-tax loss of $US1.2 billion for last year…
Bhatia set to start at QBE
29 January 2018
QBE’s new Australian and New Zealand Operations CEO Vivek Bhatia will start work in the company’s Park Street office in Sydney on Thursday…
IAG adds reinsurance to quota share deals
29 January 2018
IAG has finalised an $8 billion catastrophe reinsurance program for this year, after entering into new quota share agreements to reduce its risk and spread exposure…
Hailstorm pushes Suncorp past H1 catastrophe allowance
29 January 2018
Claims from a hailstorm in Melbourne last month have pushed Suncorp above its first-half allowance for natural catastrophes and are likely to have a financial impact of $160-170 million…
IAG outsourcing move will cut 141 NZ jobs
29 January 2018
IAG New Zealand will shed 141 jobs under an “operational partnering project” to relieve cost pressures and stay competitive…
WTW joins forces with Steadfast in Tasmania
29 January 2018
Willis Towers Watson’s Hobart office has become part of Steadfast Taswide Insurance Brokers…
Ausure buys Wollongong broker
29 January 2018
Ausure has acquired a 50% stake in Wollongong-based Abico Insurance Brokers, increasing its presence in rural NSW…
New Chubb regional chief takes reins
29 January 2018
Jarrod Hill takes over this week as Chubb Country President of Australia and New Zealand, following John French’s appointment as Senior VP, Head of Broker Distribution for Asia-Pacific…
PSC buys Victorian, ACT broking businesses
29 January 2018
PSC Insurance Group has bought broking businesses in Melbourne and Canberra and flagged more acquisitions in coming months…
AM Best affirms ratings on Hollard
29 January 2018
Hollard Insurance Company has retained its financial strength rating of A- and long-term issuer credit rating of a- with AM Best…