insuranceNEWS.com.au - Breaking News

Competition watchdog rejects IAG-RAC Insurance deal

Wed, 10 Dec 2025 22:29:30 GMT

The competitor regulator has opposed IAG’s $1.35 billion acquisition of RAC Insurance, saying it could substantially reduce competition in the WA home and motor markets...

AUB buyout bid falls over

Sun, 30 Nov 2025 22:00:57 GMT

A private equity acquisition of AUB Group will not proceed after the parties agreed to terminate discussions...

Robert Kelly returns as Steadfast CEO

Mon, 17 Nov 2025 08:13:44 GMT

Steadfast co-founder Robert Kelly will return to his role as MD and CEO following the conclusion of an investigation into a workplace complaint...

Coverforce split among Steadfast businesses

Wed, 05 Nov 2025 06:01:06 GMT

Coverforce’s business operations will be moved into other Steadfast companies, in a major shake-up following the acquisition of the broking group four years ago...

Steadfast CEO 'stands aside' as complaint investigated

Thu, 30 Oct 2025 06:54:13 GMT

Steadfast CEO and MD Robert Kelly has "chosen to stand aside" on a temporary basis while an investigation is carried out into a workplace complaint against him...

AUB confirms $5 billion buyout bid

Mon, 27 Oct 2025 22:36:38 GMT

AUB Group today confirmed it has received an offer for 100% of shares in the listed broking and underwriting giant...

Claim Central Property in administration as ‘extraordinary pressures’ take toll

Wed, 22 Oct 2025 05:20:25 GMT

An administrator has been appointed at Claim Central Property, which has stopped trading...

Watchdog sues RACQ Insurance over ‘distorted’ price comparisons

Tue, 23 Sep 2025 00:58:58 GMT

The corporate regulator has taken Federal Court action against RACQ Insurance alleging renewal documents provided false or misleading premium comparisons...

Regulator raises competition concerns over RAC deal

Wed, 03 Sep 2025 23:42:50 GMT

IAG’s proposed acquisition of RAC Insurance is likely to substantially reduce competition in the motor and home and contents markets in WA, regulators say in a preliminary view...

Marsh promotes ‘exceptional leader’ to Pacific president role

Tue, 02 Sep 2025 00:50:14 GMT

Marsh has appointed Damian Schinck as Pacific president, replacing Josh Roach, who has left the business...

Gallagher appoints new local CEO

Mon, 01 Sep 2025 09:02:26 GMT

Marsh executive Alex Lumby will become Gallagher’s new CEO of Australian broking following the departure earlier this year of Sarah Lyons...

Steadfast announces significant acquisition, chairman retires

Thu, 28 Aug 2025 10:01:10 GMT

Steadfast is accelerating its global expansion with the acquisition of a majority stake in US specialty underwriting agency and wholesale brokerage Novum Underwriting Partners...

McLardy McShane names new leaders as founders step back

Thu, 14 Aug 2025 00:59:52 GMT

McLardy McShane has unveiled a new-look leadership structure as CEO Don McLardy and director Mike McShane move into executive board roles...

QBE strikes home cover deal with Sure

Thu, 24 Jul 2025 02:00:00 GMT

QBE Australia Pacific has made new arrangements for broker-distributed householders cover with Sure Insurance and its Castle Insurance business...

Blue Zebra finds new underwriters for home, SME

Wed, 25 Jun 2025 23:46:59 GMT

Underwriting agency Blue Zebra has secured a new capacity arrangement for its home building and contents, landlord and SME package products...

AIG hit with $30,000 code breach penalty

Wed, 25 Jun 2025 02:58:02 GMT

The insurance code governance committee has imposed a $30,000 penalty on AIG Australia for breaching obligations to tell customers their complaints had been delayed or that they had the right to take matters to the ombudsman...

Allianz cleared to buy RAA Insurance

Thu, 12 Jun 2025 00:26:25 GMT

The competition regulator has approved Allianz Australia’s $642 million acquisition of RAA Insurance following a review of market impacts...

Steadfast’s Fitzgerald outlines vision for new venture, names partner

Thu, 22 May 2025 23:30:00 GMT

Experienced insurance executives Nigel Fitzgerald and Grant Cairns will team up later this year to launch a digitally led “underwriting venture” that aims to “redefine how insurance is delivered”...

AIG’s local chief set to leave

Thu, 22 May 2025 04:27:41 GMT

AIG says its Australia CEO Grant Cairns has resigned “to pursue a different path in the industry”, with the insurer’s client and broker engagement head stepping up to lead the business...

IAG purchase of RACQ Insurance given green light

Thu, 22 May 2025 00:04:15 GMT

The competition regulator has cleared IAG’s proposed $855 million acquisition of the RACQ insurance business...