AUB profit rises 4% after ‘challenging’ year 20 August 2019 AUB Group profit rose 4% to $48.4 million last financial year as its broking and underwriting businesses delivered stronger results. But a slump in the health and rehabilitation earnings and financial misconduct at a Canberra subsidiary eroded the gains... Read More...
Insurance arm boosts Johns Lyng’s profit 20 August 2019 Johns Lyng Group today reported a 25% rise in net profit for the year to June 30 to $13.4 million, aided by a strong showing from its insurance building and restoration services arm... Read More...
ICA backs building product comparison tool 20 August 2019 The Insurance Council of Australia is supporting the launch of an online building product comparison tool, as debate over how to solve the construction industry crisis continues... Read More...
PI turmoil set to persist, says Aon 19 August 2019 Securing professional indemnity cover will remain tough for building certifiers and other high-risk professionals as insurers look to cut their losses, according to an Aon report... Read More...
Strong first-half results buoy QBE confidence 19 August 2019 QBE has maintained its earnings targets after a strong first-half which saw net profit increase 29% to $US463 million ($682 million) from a year earlier... Read More...
Treasurer puts industry ‘on notice’ as reforms roll out 19 August 2019 Insurance is squarely in the Federal Government’s sights, with Treasurer Josh Frydenberg setting out a schedule to rapidly introduce Hayne royal commission reforms... Read More...
Study finds link between advisers and under-disclosures 19 August 2019 Life insurance sold through the adviser channel has a higher level of under-disclosure than policies bought directly from insurers, new research has found... Read More...
Valerie Baker award finalists revealed 19 August 2019 The four contenders for this year’s Valerie Baker Memorial Award have been announced... Read More...
First half cat bill falls, less than half losses insured 19 August 2019 Global economic losses from all disasters fell to $US44 billion in the first half of the year, Swiss Re’s preliminary estimates show, down 13% from the first half of 2018... Read More...
A win/win on depreciation 19 August 2019 Should depreciation be deducted from a business interruption claim as a “saving”? This Analysis of the issue is from Mark Darwin, a Partner at Herbert Smith Freehills and Peter Rink, Willis Towers Watson Head of Asia Pacific, Forensic Accounting and Complex Claims... Read More...