Daily

CBA delayed action over consumer credit insurance failures

20 November 2018

The Hayne royal commission has heard how the Commonwealth Bank continued to sell consumer credit insurance products for years after concerns were raised...

Read More...

Kiwis fear insurance retreat from high risks

20 November 2018

New Zealanders are becoming increasingly concerned that insurers may withdraw cover from high-risk areas as the impact of climate change intensifies...

Read More...

CEOs take the pledge – zero tolerance for harassment

20 November 2018

Executives from some of Australia’s leading insurance groups have pledged an “unwavering commitment” to creating diverse, inclusive workplaces...

Read More...

QBE chief explains staffing restructure

16 November 2018

QBE has outlined the thinking behind a strategic reshuffle that resulted in dozens of managerial roles being made redundant...

Read More...

Brokers still have room to improve on complaints

16 November 2018

Brokers have made little progress improving complaints processes, the industry’s Code Compliance Committee says...

Read More...

Royal commission ‘should be extended'

16 November 2018

A Senate committee report into consumer protection in financial services has called for more time for the Hayne royal commission...

Read More...

Strawberry crisis sparks a rush for cover

15 November 2018

The needles-in-strawberries crisis has caused a “massive” jump in demand for product recall covers from food producers…

Read More...

Record claims losses loom as California blazes

15 November 2018

Australia has lessons to learn from this week’s devastating California bushfires, which have already caused losses estimated at more than $8 billion...

Read More...

New risks, new worries as protection gap grows

15 November 2018

Businesses have been warned they may face a rising protection gap as technology and globalisation increase the potential for disruption and new risks emerge…

Read More...

Merger taking shape: JLT brand survives

14 November 2018

Marsh-JLT Specialty will be the new name for the combined global specialty business formed once Marsh & McLennan finalises the takeover of its London-based rival...

Read More...

Gender pay gap: Insurance still on top

14 November 2018

The financial and insurance services sector remains the worst offender when it comes to gender pay inequalities, latest figures from the Workplace Gender Equality Agency’s scorecard show...

Read More...

IAG, QBE join key UN climate group

14 November 2018

IAG and QBE have joined 14 other insurers from around the world in a UN initiative to better understand climate change impacts on their business...

Read More...

2019 will be a volatile year, says AUB

13 November 2018

The Hayne royal commission’s findings and the upcoming federal election will contribute to a volatile 2019, AUB Group Chairman David Clarke warned today...

Read More...

QBE premium rate rises top market average: CEO

13 November 2018

QBE is achieving above-market increases as its premium rate momentum continues to accelerate...

Read More...

CBL: high-flying insurer to be liquidated

13 November 2018

CBL Insurance will be wound up after the High Court in Auckland approved an application by the Reserve Bank of New Zealand to liquidate the business...

Read More...

Senate committee backs new product laws

9 November 2018

A Senate committee today released its report recommending the passing of a bill that would introduce new product laws despite strong concerns from the insurance industry...

Read More...

Brokers hit back at ASIC call for commissions ban

9 November 2018

The Australian Securities and Investments Commission (ASIC) has called for a ban on commissions across general insurance – a move that brokers say would “decimate” the broking industry...

Read More...

CEO poaches former Gallagher colleagues

9 November 2018

Two of Gallagher’s senior executives have joined BMS Australia to work for Andrew Godden, their former boss who was appointed CEO of the specialist insurance broker in May...

Read More...

Assetinsure sold by CBL administrator

8 November 2018

CBL Corporation’s voluntary administrators announced today a deal to sell Sydney-based Assetinsure to Lombard Australia, a newly formed holding company made up of an alliance of surety providers...

Read More...

Marsh/JLT: What the merger will create

8 November 2018

Marsh & McLennan’s takeover of rival broker JLT is all but certain, after JLT shareholders in London voted overwhelmingly in favour of the merger...

Read More...