Corporate
Chubb cuts home cover broker commission
02 June 2025
Chubb will reduce brokers’ base commissions on its Masterpiece home and contents product from June 30...
Pemba finalises Hunter purchase
02 June 2025
Private equity firm Pemba Capital Partners has completed the acquisition of Hunter Premium Funding...
Analysts warn IAG faces higher hurdle on RAC deal
02 June 2025
IAG may face a greater challenge gaining regulatory approval for its RAC insurance acquisition than for the similar RACQ deal approved last month, Jarden equity analysts say...
Halliwell buys building claim experts
02 June 2025
US-based Halliwell has made two acquisitions in Australia, buying Imparta Engineers and du Chateau Chun...
IAG earmarks $10 million for Indigenous suppliers
02 June 2025
IAG will spend $10 million with Indigenous suppliers over three years under its new Reconciliation Action Plan...
vrs ANA teams with NZ loss adjuster
02 June 2025
Claims solutions provider vrs ANA Australia has acquired a majority stake in New Zealand loss adjuster Citywide Assessors...
Steadfast defends its position on domestic commissions drop
26 May 2025
Steadfast CEO Robert Kelly has reiterated his belief that a 10% commission on intermediated home insurance is “a pretty fair deal”...
AIG promotes broker engagement chief after CEO quits
26 May 2025
Kathleen Warden has taken the reins at AIG’s Australian operation after CEO Grant Cairns quit to help found a new underwriting business...
Execs team up on underwriting venture
26 May 2025
Two prominent Australian industry executives will lead a new business that aims to “redefine” insurance delivery through AI and automation...
Tower says April floods to cost $3.7 million
26 May 2025
New Zealand insurer Tower says flooding caused by Cyclone Tam in April is likely to cost it $NZ4 million ($3.7 million)...
‘Serial entrepreneur’ joins board at top NZ insurer
26 May 2025
Tower has appointed Naomi Ballantyne as an independent director, filling a casual vacancy...
IAG eyes western expansion through RAC deal
19 May 2025
IAG has targeted growth in WA with the proposed $1.35 billion deal to acquire the RAC underwriting business and enter into a 20-year distribution agreement...
Regulator pushes back call on Allianz motor club move
19 May 2025
The Australian Competition and Consumer Commission says it is seeking further information from SA motoring club RAA on its proposed deal with Allianz, and has delayed the release of its findings...
‘No surprises’ as BOQ quits premium funding
19 May 2025
Brokers say the premium funding market is strong enough to handle the departure of Bank of Queensland from next month...
CGU secures insurance licence
19 May 2025
IAG's intermediated division has been granted a licence for its general insurance operations...
Wildfires, storms drive up QBE cat bill
12 May 2025
QBE’s catastrophe costs have reached about $US420 million ($654 million) for the year so far, the company told last week’s annual general meeting, where it affirmed full-year financial guidance...
IAG fills exec roles amid shake-up of intermediated arm
12 May 2025
IAG has revamped its intermediated division to create a “more agile, innovative and customer-focused business”...
Melbourne brokerage teams with McLardy McShane
12 May 2025
Stewart Insurance Group in Melbourne has entered a joint venture called McLardy McShane Stewart...
Helia examines employee share trades ahead of CBA news
12 May 2025
Helia Group’s board has engaged an independent adviser to review employee share trading before news broke the insurer was on track to lose its largest customer...
CBA contract loss threatens Helia position: S&P
12 May 2025
Helia’s competitive position in the lenders’ mortgage insurance market “could weaken” if it loses its Commonwealth Bank contract, S&P Global Ratings has warned...