Progressive acquisition a ‘significant step’ for Hollard
27 March 2017
Hollard’s acquisition of US insurer Progressive Direct’s Australian motor business marks a significant expansion, CEO Richard Enthoven says…
Corporate
Ex-Zurich chief establishes SME insurtech
27 March 2017
Former Zurich Australia and New Zealand CEO Daniel Fogarty and two other executives will launch an insurtech later this year targeting SMEs…
IAG trials multi-peril crop cover
27 March 2017
IAG expects more than 100 farmers to participate in a pilot program offering multi-peril crop insurance for wheat, barley and canola growers…
CBL seeks US entry point through takeover
27 March 2017
New Zealand-based CBL Corporation is seeking access to the world’s largest insurance market by acquiring New York insurer Affirmative Direct for $US5.7 million…
CHU unveils energy comparator
27 March 2017
Steadfast-owned strata specialist CHU Underwriting Agencies today launched an energy comparison service, to help consumers in strata properties get the best utilities prices…
Swiss Re finds a global chief in Sydney
27 March 2017
Swiss Re has promoted Sydney-based Mike Mitchell to a global role as Head of Property and Specialty Reinsurance at Swiss Re, and will move to Europe…
Melbourne underwriter takes global role
27 March 2017
XL Catlin’s Regional Product Leader Property, Energy and Construction Tim McMahon has been made Global Chief Underwriting Officer, Property, based in London from May 1…
UK regulator backs Zurich’s Cover-More takeover
27 March 2017
The UK Financial Conduct Authority has approved Zurich’s $741 million acquisition of travel insurer Cover-More…
Genworth outlook downgraded as key customer departs
27 March 2017
S&P Global has revised its outlook on lenders’ mortgage insurer Genworth Australia to negative from stable after it lost its second-largest client, Macquarie Bank…
International Network of Churches renews with Ansvar
27 March 2017
Heritage and church insurer Ansvar says it will provide cover for Australian members of the International Network of Churches for the eighth year…
Suncorp lifts Tower stake to key level
20 March 2017
Suncorp has increased its stake in Tower to a key 19.99% stake as it awaits the New Zealand insurer’s response to a proposed takeover…
IAG rebrands Berkshire business
20 March 2017
IAG’s Berkshire Hathaway Insurance Australia business has rebranded as IAL…
Marsh wins Defence Department contract
20 March 2017
Marsh has been appointed the Defence Department’s “exclusive insurance broker” for maritime acquisition and sustainment programs…
JLT moves to new Sydney HQ
20 March 2017
After 20 years JLT has moved its Sydney office from Clarence Street to Grosvenor Place at 225 George Street…
Coverforce switch ‘a coup for IBNA’
20 March 2017
The Insurance Brokers Network of Australia (IBNA) has confirmed market rumours that major brokerage Coverforce has taken up membership…
Allianz marine unit sails into NZ
20 March 2017
Allianz Marine & Transit is expanding into New Zealand, building on growth in Australia since its launch in 2012…
Steadfast Re opens London base
20 March 2017
Steadfast Re, a licensed Lloyd’s broker, has opened a London office to support Steadfast brokers and managers from Steadfast Underwriting Agencies and the Steadfast Group when they are in the global financial hub on business…
Youi plans expansion as earnings rise
20 March 2017
Youi Australia aims to add commercial insurance and compulsory third party cover to its product line-up following another encouraging set of earnings results…
Ansvar posts loss after year of catastrophes
20 March 2017
Church and heritage insurer Ansvar posted an underwriting loss of $2.2 million last year after earnings were hit by a relatively high level of catastrophes…
Reinsurance payouts reach Western Pacific policyholders
20 March 2017
The liquidators of Western Pacific Insurance have paid Canterbury policyholders $NZ18.7 million from money received from the failed insurer’s reinsurers…