Steadfast on course to wrap up IBNA offer
23 September 2019
Steadfast’s offer for Insurance Brokers Network Australia (IBNA) is set to close tonight, with acceptances well above the deal threshold level as of Thursday...
Corporate
Suncorp mum over buyer interest in crash repairer, auto parts units
23 September 2019
Interested parties are expected to submit their bids today for automotive parts supplier ACM Parts and crash repairer Capital Smart Repairs, two Suncorp-owned businesses that may be sold pending the outcome of a strategic review...
NTI executives take on new roles
23 September 2019
Specialist insurer NTI has announced new roles for GM People and Capability Kerrie Challenor and GM Strategic Delivery & Operations Janelle Greene...
Swiss Re to seek court approval for local change
23 September 2019
Swiss Re will seek Federal Court approval next month for local changes that are part of moves to align its legal structure in Asia with those in North America and Europe...
Brisbane flood modeller announces expansion plans
23 September 2019
Brisbane-based FloodMapp has announced plans to launch in NSW and the US after securing $1.3 million in funding from investors...
IAG rejects possible $1 billion claim in add-on class action
16 September 2019
A class action against IAG subsidiary Swann Insurance over add-on cover sold through motor dealerships could involve sums of up to $1 billion, the Federal Court has heard...
Catastrophes dent Youi earnings
16 September 2019
Youi Australia saw its operating profit decline 10.9% to $98 million in the past financial year because of increased natural perils claims...
Suncorp CEO spells out climate change challenge
16 September 2019
Newly appointed Suncorp CEO Steve Johnston has called for urgent action to address the impact of climate change on extreme weather events...
CHUiSaver rebrands as Flex Insurance
16 September 2019
Strata insurance specialist CHU Underwriting Agencies has rebranded its CHUiSaver digital business as Flex Insurance...
QBE names new Singapore CEO
16 September 2019
QBE has appointed Ronak Shah as its Singapore CEO, reporting to QBE Asia CEO Jason Hammond...
Enstar grows business in Australian run-off deal with Munich Re
16 September 2019
Run-off specialist Gordian has agreed to acquire $228 million worth of long-tail insurance portfolios in Australia from Munich Re subsidiaries, Great Lakes Insurance and HSB Engineering Insurance...
Broker Trans-West to use processing platform JAVLN
16 September 2019
Sydney-based Trans-West Insurance Brokers has selected specialist insurance platform JAVLN as the new processing platform for its business...
Suncorp CEO has ‘clear vision’ for the group
09 September 2019
Suncorp’s new Group CEO Steve Johnston has a “clear vision” for the company’s future and wants to take it to “a new level of performance”...
S&P affirms IAG ratings, outlook stable
09 September 2019
S&P has affirmed its A credit rating on IAG and its AA- ratings on IAG’s core operating subsidiaries. The outlook is stable...
Chubb names new broker-facing managers
09 September 2019
Chubb has named former local head John French as Head of Global Brokers, Australia & New Zealand...
Sportscover owner given October deadline by administrator
09 September 2019
The creditors of Wild Goose Holdings, the owner of Sportscover Australia, will gather for a reconvened meeting next month to decide on the fate of the company...
ArgoGlobal pulls plug on ‘unsustainable’ Asia
09 September 2019
ArgoGlobal will ditch its business in Asia to focus on other markets that offer better earnings potential...
Suncorp’s ACM may be next business on the block
09 September 2019
Suncorp is considering options for its ACM automotive parts business, including a potential sale, as it also looks to wrap up a review this year of its Capital Smart Repairs business...
James Sinclair takes lead at Mega Capital
09 September 2019
Specialist professional risks broker Mega Capital has appointed James Sinclair as CEO...
QBE launches supplier platform
02 September 2019
QBE today announced the launch of a property-focused supplier platform that integrates its claims management systems with supply chain partners...