QBE confirms Costigan exit 27 July 2021 QBE Interim MD Australia Frank Costigan will leave the company on Friday, just days before his successor arrives... Read More...
Forcing coverage 'dangerous', ICA tells coal inquiry 27 July 2021 Creating an essential services regime requiring underwriters to cover certain businesses could have adverse ramifications, Insurance Council of Australia CEO Andrew Hall has told a Parliamentary committee inquiry that’s looking at problems facing the coal industry... Read More...
Allianz Partners names former Suncorp executive as CEO 27 July 2021 Allianz Partners Australia announced today Christopher McHugh will join the business as CEO on August 2, taking over from Miranda Fennell who has held the role on an interim basis... Read More...
AFCA backs insurer in capsized houseboat claim dispute 27 July 2021 An IAG customer who challenged the insurer’s decision to decline her claim for damage to her houseboat after it sank during a storm has lost her dispute before the Australian Financial Complaints Authority... Read More...
Insurers, banks set for parliamentary committee scrutiny 26 July 2021 The Federal Parliament Trade and Investment Growth Committee has called for insurance and banking representatives to appear at a hearing tomorrow as it continues an inquiry into the prudential regulation of investment in Australia’s export industries... Read More...
IAG targets improved intermediated performance 26 July 2021 IAG is taking action to improve the performance of its Australian intermediated business with its profitability well short of expectations, CEO Nick Hawkins has told a briefing... Read More...
ASIC estimates industry funding levy at $24.7 million 26 July 2021 The Australian Securities and Investments Commission estimates about $24.702 million in total levy will be recovered from the general and life insurance industries to fund the cost of regulating the sectors in the last financial year... Read More...
ASIC industry funding levy formula 'not equitable': planners 26 July 2021 Financial advisers and planners are concerned about the estimated levy the industry will pay to support the corporate regulator’s supervision work in the 2020/21 financial year... Read More...
NIBA names full set of broker awards candidates 26 July 2021 The National Insurance Brokers Association has revealed the full set of 10 finalists for this year’s industry awards – five for the QBE-sponsored Stephen Ball Memorial Award and five for the Vero-sponsored Warren Tickle Memorial Award... Read More...
Global funding rounds 'rain money' as insurance plays catch up 26 July 2021 Insurtech Gateway Australia says global investment activity in the first half has seen records broken as funders see attractive insurance opportunities, and has called for more local activity... Read More...
Natural disaster first-half claims top 10-year average 26 July 2021 Natural catastrophe insurance losses reached an estimated $US42 billion in the first half of the year to rise above the 10-year average while economic losses were lower, Aon’s Impact Forecasting says in a Global Catastrophe Recap... Read More...
Industry challenges highlighted as IAG resets 26 July 2021 IAG jumped out the gates early to deliver preliminary full-year financial results last week and in doing so has offered a window into some of the issues that the industry is dealing with as insurance affordability and availability concerns show few signs of easing... Read More...