insuranceNEWS.com.au - Breaking News

icare CEO Richard Harding resigns

Wed, 10 Apr 2024 04:18:06 GMT

NSW state-owned insurer icare has announced CEO Richard Harding has resigned and will leave the organisation in October...

NIBA names new CEO

Sun, 17 Mar 2024 23:53:52 GMT

The National Insurance Brokers Association has appointed Richard Klipin as CEO, as Phil Kewin departs the role...

PSC confirms discussions over potential takeover

Wed, 13 Mar 2024 06:06:35 GMT

PSC Insurance Group says it has received “multiple strategic approaches” and is taking part in discussions that “may or may not lead to an offer being made for PSC”...

Lloyd’s Australia names new leadership line-up

Tue, 20 Feb 2024 21:51:58 GMT

Lloyd’s has appointed new leaders to run its business here as Regional Head of Australia and New Zealand Chris Mackinnon prepares to take up an expanded role in Singapore on April 1...

Suncorp wins appeal over bank sale to ANZ

Mon, 19 Feb 2024 22:53:17 GMT

Suncorp has won its appeal over the planned $4.9 billion sale of its bank to ANZ, with a decision in the two companies’ favour handed down by the Australian Competition Tribunal this morning...

Agile set to launch Australian-led Lloyd’s syndicate

Wed, 14 Feb 2024 21:59:27 GMT

Australian underwriting agency Agile has been given the go-ahead to establish its own Lloyd’s syndicate, insuranceNEWS.com.au understands...

NIBA CEO Phil Kewin set to depart in April

Wed, 10 Jan 2024 02:17:01 GMT

The National Insurance Brokers Association says CEO Phil Kewin has resigned from the role and will leave the organisation in April...

Steadfast to acquire Queensland specialist Sure Insurance

Wed, 15 Nov 2023 22:40:35 GMT

Steadfast has announced it will acquire a 70% equity interest in Queensland underwriting agency Sure Insurance for a deal including an upfront cash payment of $148.8 million...

NSW to ditch current insurance-funded Emergency Services Levy

Wed, 15 Nov 2023 22:16:27 GMT

The NSW Labor Government says the state’s insurance-funded Emergency Services Levy is inefficient and unsustainable and it plans to ditch current arrangements and introduce a fairer system...

ANZIIF selects former politician as new CEO

Fri, 20 Oct 2023 02:35:15 GMT

The Australian and New Zealand Institute of Insurance and Finance has appointed former New Zealand politician Katrina Shanks as its next CEO...

Steadfast expands into the US with acquisition

Thu, 05 Oct 2023 23:42:29 GMT

Steadfast says it has acquired ISU Group, one of the largest privately owned independent insurance agency networks in the US, for $US55 million...

Marsh appoints Josh Roach as Pacific region head

Wed, 06 Sep 2023 00:51:17 GMT

Marsh has announced that Josh Roach will become Pacific President from January, taking over from Nick Harris who will move to a senior role with the company in the UK...

Marsh to acquire Honan Insurance Group

Sun, 20 Aug 2023 22:51:10 GMT

Global broking giant Marsh has agreed to acquire Melbourne-headquartered Honan Insurance Group...

ACCC rejects Suncorp Bank sale to ANZ

Fri, 04 Aug 2023 00:15:32 GMT

The Australian Competition and Consumer Commission has rejected Suncorp’s plan to sell its banking business to ANZ in a proposed $4.9 billion deal, with the insurer saying it is "surprised and disappointed" by the decision...

AIG names new Australia CEO

Thu, 20 Jul 2023 23:53:07 GMT

AIG has appointed Grant Cairns as CEO AIG Australia, and Head of Australia and New Zealand, based in Melbourne and effective from November...

Catholic Church Insurance ceases issuing renewals, new policies

Mon, 29 May 2023 23:25:06 GMT

Catholic Church Insurance has announced today that it will cease issuing new or renewal policies and will voluntarily place the organisation into “run off” after it was unable to secure sufficient additional capital...

AUB, PSC ditch Tysers UK retail joint venture

Thu, 18 May 2023 00:15:10 GMT

AUB Group and PSC Insurance Group will not proceed with the proposed Tysers UK retail joint venture, the two companies announced today...

IAG announces departure of key executives

Mon, 08 May 2023 23:57:38 GMT

IAG CFO Michelle McPherson will retire by the end of the calendar year and Chief Insurance and Strategy Officer Tim Plant will leave at the end of next month, the company said today...

Agencies incubator launches with US investor backing

Mon, 27 Feb 2023 03:47:00 GMT

Underwriting agencies incubator Rhodian, co-founded by Simon Lightbody, has launched with US-based specialty wholesale distributor Amwins taking a minority stake in the business...

JLT wins NSW Supreme Court class action

Mon, 19 Dec 2022 06:08:00 GMT

The NSW Supreme Court has found in favour of JLT in a class action launched over local government insurance mutuals...