Tower ups majority stake in Samoa-based NPI
01 November 2021
New Zealand’s Tower has increased its stake in National Pacific Insurance (NPI), which is headquartered in Samoa, to 93%...
Corporate
NRMA funds domestic violence support services
01 November 2021
NRMA and Full Stop Foundation have together distributed $750,000 to frontline agencies supporting people experiencing domestic violence...
Zurich declines comment on sale report
25 October 2021
Zurich has tapped Goldman Sachs and PwC to assist with a potential sale of its Australian general insurance division, excluding the travel business, according to a newspaper report last week...
Steadfast off to 'tremendous' start as FY22 gets underway
25 October 2021
Steadfast CEO Robert Kelly says the business has made a “tremendous” start to the current financial year, with estimates showing pre-tax earnings in the first quarter are ahead from the year-earlier corresponding period...
IAG seeks to move past 'historical failures' amid shareholder anger
25 October 2021
IAG says the business has its sights set on the future, having made the necessary adjustments and actions to correct the lapses that plunged the insurance group into a full-year loss of $427 million...
Gallagher acquires NZ brokerage
25 October 2021
Gallagher has expanded its presence in New Zealand with the acquisition of Matt Jensen Insurance Brokers...
CBN buys Bendigo and Adelaide Bank broking business
25 October 2021
Community Broker Network will acquire business and rural specialist Community Insurance Solutions from Bendigo and Adelaide Bank in a transaction that is expected to be completed in early December...
McLardy McShane takes stake in Sydney's Intercharge
25 October 2021
Melbourne-based broker McLardy McShane Group has acquired a stake in Sydney-based Intercharge Insurance Brokers, expanding its presence in NSW, the business announced today...
Marsh named as risk adviser for Australia-Asia solar project
25 October 2021
Marsh has been appointed risk manager for the Australia-Asia PowerLink project, a solar-powered facility by Sun Cable to supply electricity to Darwin and Singapore...
Petcover absorbs Petplan amid growth plans
25 October 2021
Petcover and Petplan Australasia are merging as the combined business pursues expansion opportunities amid increasing demand for cover...
QBE supports homeless youth in NSW
25 October 2021
QBE has invested in Foyer Central Social Impact Bond to address youth homelessness in NSW as part of its Premiums4Good initiative, which has climbed to $US1.4 billion in impact investments across 85 investments...
IAG could face financial penalties after ASIC action
18 October 2021
The Australian Securities and Investments Commission has asked the Federal Court to impose monetary penalties against IAG over alleged breaches of financial laws...
JLT in court as NSW councils class action trial continues
18 October 2021
Both sides are confident of victory as a class action trial over JLT-arranged local government insurance mutuals continues in the NSW Supreme Court...
Suncorp names EGM Commercial & Intermediated
18 October 2021
Suncorp has appointed Michael Miller EGM Commercial & Intermediated after Darren O’Connell vacated the role in August...
Tower names new CFO
18 October 2021
New Zealand insurer Tower has appointed Paul Johnston as CFO, who is set to start in January, pending the completion of approvals from regulators...
Fusion hires Gallagher's Simmonds as Managing Partner
18 October 2021
Former Gallagher head of corporate Katherine Simmonds has joined Fusion as Managing Partner, a newly created role with global responsibilities at the SME-focused specialist underwriting agency...
IAG, Suncorp say too early to adjust BI provisions
11 October 2021
IAG and Suncorp say it is too early to make changes to their business interruption claim provisions following a Federal Court test case judgment on Friday that went largely in favour of insurers...
Bridget Messer takes CRO role at Suncorp
11 October 2021
Suncorp has appointed Bridget Messer Chief Risk Officer after a recruitment drive that began in mid 2021...
Gallagher Australia earns mental health workplace tick
11 October 2021
Gallagher Australia has received gold standard accreditation by Mental Health First Aid Australia after it surpassed the required standards – and says it is the first Australian brokerage to be recognised...
Allianz vulnerable claims team supported
11 October 2021
Allianz has a new wellbeing program for members of its year-old High Care Team, who support customers experiencing vulnerability, including family violence, extreme financial hardship or mental health conditions...