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Corporate

AMA seeks improved pricing in insurer negotiations

01 August 2022

AMA Group says it has contacted all its insurer partners and advised of updated labour rates and cost impacts, and of additional charges for “imposts previously absorbed” as part of pricing negotiations...

ARAG Australia launches Business Essentials

01 August 2022

Legal Expense Insurance specialist ARAG Services Australia has launched Business Essentials, augmenting its Comfort and Elite range, and costing as little as $260 a year...

IAG forecasts improved margin after missed target

25 July 2022

IAG has increased its natural perils allowance for the current financial year and has forecast stronger gross written premium growth and an improved margin following missed guidance in the past year...

Suncorp bank sale 'reasonably good deal'

25 July 2022

ANZ’s proposed $4.9 billion acquisition of Suncorp Bank is “a reasonably good deal for both parties” and it’s assumed regulatory clearances will be granted, Morningstar Analyst Nathan Zaia says in a research note...

Agile launches leisure travel product

25 July 2022

Underwriting agency Agile has launched a leisure travel product, including “comprehensive” covid cover, to be distributed by brokers...

Suncorp elevates insurance focus with bank sale

18 July 2022

Suncorp says the $4.9 billion sale of its banking operations will simplify the business and allow it to centre its attention on driving improved performances from its Australia and New Zealand general insurance operations...

IAG ramps up net zero efforts, says climate is 'core business'

18 July 2022

IAG has signed up as a member of the Net-Zero Insurance Alliance, which aims to transition insurance and reinsurance underwriting portfolios to net-zero greenhouse gas emissions by 2050 – consistent with the Paris Agreement on Climate Change...

Aviso Broking acquires Sunshine Coast brokerage

11 July 2022

Aviso Broking says it has acquired AIS Insurance, a brokerage based in Tewantin, Sunshine Coast, as the business aims to grow its market presence following its creation earlier this year from a merger of five partner firms...

Resilience Insurance offers latent defects cover

11 July 2022

Resilience Insurance has launched a latent defects insurance product for high-rise buildings, calling it a “game changer” for the construction industry, amid efforts by governments to strengthen protections for property owners...

Going up: Suncorp sorts its reinsurance program

04 July 2022

Suncorp premiums for its reinsurance program for the new financial year have risen significantly as a result of the hardening global market, while the group is increasing its annual natural hazard allowance...