PSC aims to build on strong earnings, sets higher guidance
29 August 2022
PSC Insurance Group achieved stronger full-year results as its three main divisions including the UK business booked higher earnings...
Corporate
Delta hails performance rating 'game changer'
29 August 2022
New Zealand insurer Delta has described its “PA-2 excellent” performance rating from credit rater AM Best as a “game changer” for its future projections in New Zealand and international markets...
Steadfast aims high after strong results, Kelly affirms contract commitment
22 August 2022
Steadfast Group has set higher earnings targets for this financial year after revenue crossed the $1 billion mark for the first time and CEO Robert Kelly says he intends to lead the business until at least the end of December 31 next year, as outlined in his contract...
Steadfast eyeing Insurance House parent 'for quite some time', Kelly says
22 August 2022
Steadfast Group is set to take ownership tomorrow of Insurance Brands Australia, the parent company of independent Melbourne-based brokerage Insurance House and other intermediary businesses with a combined $438 million in annual gross written premium...
QUS resumes search for lead underwriter after Chubb’s 'last minute' withdrawal
22 August 2022
Strata insurance specialist QUS is still searching for a new capacity arrangement to replace the contract it had with AIG Australia, which concluded at the end of last year...
Wellington Underwriting announces executive changes
22 August 2022
Property and casualty specialist Wellington Underwriting Agencies has announced three new additions to its board of directors and appointed Brian Atkin as its new MD...
IAG announces board departure
22 August 2022
IAG says Independent Non-Executive Director Sheila McGregor will resign after its annual meeting on October 21...
IAG pushes through rate rises as inflation bites
15 August 2022
IAG is pushing through rate increases across its motor and home lines, in some instances by up to 11%, giving the insurer confidence that it has a “good handle” on mitigating the inflation challenge that is affecting the Australian and global economy...
QBE sees positive outlook amid volatile backdrop
15 August 2022
QBE has raised its expectation for premium growth this year and says its outlook for the remainder of the year remains positive after the first-half bottom line was hit by volatile investment markets amid a turbulent environment...
Suncorp brings forward net-zero target to 2030
15 August 2022
Suncorp has brought forward its greenhouse gas emission net zero target by 20 years to 2030, stressing that urgent action is required to mitigate the worst effects of climate change and provide the best chance of limiting global temperatures...
Argenta ceases writing business in Singapore, Sydney remains key
15 August 2022
Argenta Underwriting Asia will cease writing new and renewal business in Singapore with immediate effect following a Lloyd’s managing agency decision to re-allocate capacity to other opportunities worldwide, including in Australia...
iSelect board backs takeover offer from shareholder linked to rival comparator
15 August 2022
iSelect has recommended shareholders to “vote in favour” of a takeover by Innovation Holdings Australia (IHA), saying the proposed acquisition “is in the best interests” of investors...
Suncorp earnings drop after natural disasters, GWP surges
08 August 2022
Suncorp net profit dropped 34% to $681 million last financial year as the company battled natural catastrophes and volatile investment markets, while the group reported record second-half gross written premium growth...
IAG disclosure targeted in BI class action
08 August 2022
Law firm Quinn Emanuel Urquhart & Sullivan has filed a shareholder class action against IAG over its disclosure of potential impacts from pandemic-related business interruption claims...
BHSI enters commercial hull market, names marine underwriting manager
08 August 2022
Berkshire Hathaway Specialty Insurance is entering the commercial hull market in Australasia, expanding its marine product portfolio in the region...
Genworth lifts 2022 net earned premium guidance
08 August 2022
Genworth has upgraded its net earned premium guidance and says claims will remain below historical averages this year, though gross written premium will sit below 2021 levels...
Aviso Group gains 14th brokerage
08 August 2022
Envest-backed Aviso Group has acquired Townsville-based North Queensland Insurance Brokers, in what it describes as a “milestone investment”...
Zurich to provide capacity for Proteus Marine
01 August 2022
Zurich has extended its relationship with underwriting agency NM Insurance with an agreement to provide capacity for Proteus Marine...
BHSI makes key transactional liability appointment
01 August 2022
Berkshire Hathaway Speciality Insurance has expanded its global transactional liability underwriting capabilities with the addition of local leadership in the sector...
McLarens appoints national manager in Brisbane
01 August 2022
McLarens has appointed Darren McKinnon to be its Australian Operations Manager, Adjusting...