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Breaking News

Suncorp to sell life business for $725 million

9 August 2018

Suncorp will sell its Australian life insurance business to TAL Dai-ichi Life for about $725 million after announcing early last year that it was reviewing the future of the business…

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QBE sells travel insurance business for $25 million

3 August 2018

QBE has agreed to sell its Australian travel insurance business to nib holdings limited in a deal worth up to $25 million…

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Zurich announces new CEO

6 July 2018

Zurich has appointed Tim Plant as CEO General Insurance Australia and New Zealand, effective from August 7…

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Allianz scoops Mansfield Awards

6 July 2018

Allianz Australia has won the Gold Mansfield Award for excellence in claims-handling…

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IAG offloads operations in Thailand, Indonesia

19 June 2018

IAG has agreed to sell its operations in Thailand and Indonesia to Tokio Marine & Nichido Fire Insurance Co for about $525 million, and will also exit Vietnam in a separate deal after earlier this year announcing a review of its Asian businesses…

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BHSI appoints new Australasia president

4 June 2018

Berkshire Hathaway Specialty Insurance has appointed Mark Lingafelter as Australasia President…

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Insurance House sells stake to aid growth

22 May 2018

An investment group led by former AMP CEO Paul Batchelor has taken a “significant minority interest” in Melbourne-based Insurance House Group…

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Former IAG CEO takes helm at AMP

20 April 2018

Former IAG CEO Mike Wilkins has been appointed acting CEO at AMP, following the resignation of Craig Meller…

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Suncorp Chairman Ziggy Switkowski to retire

19 April 2018

Suncorp Chairman Ziggy Switkowski will retire from the board after the annual general meeting on September 20, with Christine McLoughlin to take over the role…

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JLT hits back at council class action threat

17 April 2018

JLT has rejected suggestions that local councils should pursue a class action over premium levels paid for cover provided through mutual schemes administered by the company...

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Zurich CEO announces sudden exit

11 April 2018

Zurich Australia’s General Insurance CEO Raj Nanra will leave the business later this month…

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QBE unveils senior management shake-up

11 April 2018

QBE says Group CFO Michael Ford is leaving the company and the top finance role will be filled by Inder Singh, currently Australian and New Zealand CFO, as part of wider senior management changes…

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Axa seals $19.7 billion takeover

5 March 2018

Bermuda-based global insurer XL Group is to be acquired by French insurer Axa to create what it says will be the leading global property & casualty commercial insurer…

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QBE sells Latin American operations to Zurich

26 February 2018

QBE will sell its Latin American business to Zurich Insurance Group for $US409 million, the company said today…

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CBL enters interim liquidation

26 February 2018

Troubled New Zealand-based global insurer CBL has been placed into interim liquidation by the High Court of New Zealand…

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Ex-QBE chiefs launch agency

13 February 2018

Former QBE senior executives Colin Fagen and Blair Nicholls have teamed up to launch a new underwriting agency they say will bring brokers back into the personal lines market…

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Aon names a new CEO for Australia

12 February 2018

Aon Risk Solutions Australia announced this afternoon that its next CEO will be James Baum, who is currently its Commercial MD and Aon Broking Pacific Chairman…

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QBE revamps intermediary team

7 February 2018

QBE has appointed two GMs to its intermediary distribution leadership team, and created two new portfolios…

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QBE expects $US1.2 billion loss for 2017

23 January 2018

QBE expects an after-tax loss of $US1.2 billion ($1.5 billion) for 2017 after writedowns on its North American business and the impact of fourth-quarter catastrophes, and new CEO Pat Regan has flagged an overhaul…

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ASIC crackdown costs insurers more than $120 million

17 January 2018

Two more insurers have been ordered by ASIC to repay customers money for deficient add-on cover sold through car dealers, bringing the total so far to more than $120 million…

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