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Vero

Local

Cyclone Ita declared a catastrophe

14 April 2014

The Insurance Council of Australia has declared Cyclone Ita a catastrophe for areas of north Queensland, meaning insurers will give priority to cyclone claims…

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Brought to you by: EBIX Australia

Corporate

Zurich reshuffles its management deck

14 April 2014

A number of changes have been made to the general insurance arm of Zurich Australia as it seeks ways to build on its success in the SME space…

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CGU

Regulatory & Government

ASIC faces fire over independent experts

14 April 2014

The Australian Securities and Investments Commission admits it has been remiss in its monitoring of independent experts tasked with examining regulation breaches…

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Zurich

Financial Services

Advisers lack adequate PI cover: FOS

14 April 2014

Financial advisers’ professional indemnity insurance has proved inadequate when companies enter administration or become insolvent, according to the Financial Ombudsman Service…

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AIG

The Professional

Public confidence in brokers grows

14 April 2014

Insurance brokers are now more highly regarded than they have been for decades, according to a Roy Morgan study…

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QBE

International

Cool heads needed as reinsurers face pressure

14 April 2014

Ratings agency AM Best expects to re-evaluate its stable outlook for global reinsurers after the mid-year renewal season, as competition increases…

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Brought to you by:
The Insurance Broking Specialists - Macquarie Bank

Analysis

Regulatory creep, affordability on the agenda for inquiry

14 April 2014

The insurance industry has flagged increasing regulation, state taxes and affordability as issues it wants considered by the financial system inquiry…

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