Envest invests in tourism-focused underwriting agency
12 April 2021
Envest, an insurance distribution and investment company, has acquired a majority stake in All Parks Insurance underwriting agency...
Corporate
AUB completes sale of Altius Group
12 April 2021
AUB Group has completed the sale of its shareholding in health and rehabilitation business Altius to The Riverside Company...
Aviso Group brokers merge
12 April 2021
Aviso Group says two of its members, Allsafe Insurance Brokers and QSure Insurance Brokers, have finalised their merger...
Natural perils set to top IAG fiscal-year allowance
29 March 2021
Flooding this month is expected to push IAG’s estimated net natural perils claim costs for this financial year to $660-700 million, topping its allowance for the period...
Fitch upgrades Suncorp outlook
29 March 2021
Fitch Ratings has raised its outlook for Suncorp Group on expectations that it will be able to manage claims losses from the flooding catastrophe in NSW and Queensland as well as virus-related business interruption claims...
Parametric quake offering launched in New Zealand
29 March 2021
A parametric earthquake insurance product backed by Lloyd’s and other industry players has been launched in quake-prone New Zealand...
Hollard achieves complex integration of broker network product lines
29 March 2021
Hollard has successfully integrated a portfolio of three personal lines it was appointed by a major broker network to underwrite into its new Duck Creek Technologies platform...
Allianz Partners joins UN agency to help restore tourism
29 March 2021
Allianz Partners has been welcomed into the global network of affiliate members of The World Tourism Organisation to help re-establish the travel industry in “a post-COVID context”...
QBE partners with Australia Post after personal lines revamp
22 March 2021
QBE Australia has started selling home and motor insurance products to Australia Post customers as part of a partnership agreement between the two parties...
Zurich unveils risk services unit, appointments
22 March 2021
Zurich has announced a "resilience solutions" unit and a number of senior appointments in Australia and Switzerland...
QBE says ‘no credit exposure’ on Greensill
22 March 2021
QBE says it is not exposed to collapsed financial firm Greensill, which specialised in supply chain services...
Gallagher Bassett expands Asia-Pacific business
22 March 2021
Claims management services provider Gallagher Bassett is expanding in Asia in a move it says will tap into growth markets, while also offering benefits for Australian clients with operations in the region...
Tower welcomes halving of its required solvency margin
22 March 2021
Tower Insurance has welcomed a halving of its minimum solvency margin requirement to $NZ25 million by the Reserve Bank of New Zealand...
CFC acquires Queensland cyber security firm
22 March 2021
CFC Underwriting has extended its cyber incident response team with the acquisition of Gold Coast-based Insane Technologies as it works towards 24/7 “follow the sun” cyber incident service for its customers across 65 countries...
Julie Batch, Jarrod Hill to head new IAG divisions
15 March 2021
IAG has appointed Julie Batch to head Direct Insurance Australia while Jarrod Hill will join from Chubb in September to lead the Intermediated Insurance division...
Chubb taps internal ranks for new Country President Australia
15 March 2021
Chubb has appointed Peter Kelaher as Country President for Australia and New Zealand following the departure of Jarrod Hill, who has left to join IAG...
AM Best lowers QBE long-term credit outlook to negative
15 March 2021
AM Best has lowered its Long-Term Issuer Credit Rating outlook on QBE’s key operating subsidiaries to negative, from stable, after its operating loss last year...
Brokerage ‘won’t face any action’ following ASIC raid
15 March 2021
The Australian Securities and Investments Commission has confirmed it will not take enforcement action against Griffiths Goodall...
IAG keeps up with motor, property repairs despite challenging year
15 March 2021
IAG has released an annual report on how the insurer performed across its national motor and property repair networks in the last financial year...
Coverhero adds new Lucci home insurance offer
15 March 2021
Insurtech Coverhero is extending its range with a new home insurance offer called Lucci which uses 3D aerial imaging of properties to immediately provide tailored, real-time policies. Every Lucci policy will also offset at least 11 tonnes of carbon emissions, allowing customers to manage their carbon footprint...