Breaking News
Steadfast to acquire Queensland specialist Sure Insurance
16 November 2023
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
16 November 2023
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
20 October 2023
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
06 October 2023
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
06 September 2023
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
21 August 2023
Global broking giant Marsh has agreed to acquire Melbourne-headquartered Honan Insurance Group...
ACCC rejects Suncorp Bank sale to ANZ
04 August 2023
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
21 July 2023
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
30 May 2023
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
18 May 2023
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
09 May 2023
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
27 February 2023
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
19 December 2022
The NSW Supreme Court has found in favour of JLT in a class action launched over local government insurance mutuals...
AIG Australia CEO Nigel Fitzgerald to become Steadfast COO
16 December 2022
AIG Australia CEO Nigel Fitzgerald will leave the company to join Steadfast as COO, effective from the second quarter of next year...
Giant UK broker swoops for Australia's Envest
23 November 2022
The UK’s largest independent broker, Ardonagh Group, has agreed to acquire Australian insurance investment and distribution business Envest for $482 million...
It's over: High Court refuses second BI test case appeal applications
14 October 2022
The High Court of Australia has today declined three appeal applications arising from the Insurance Council of Australia second test case over business interruption cover during the pandemic...
360 Underwriting names QBE's Jason Clarke as Australia CEO
25 August 2022
360 Underwriting Solutions says Jason Clarke has been appointed as CEO of its Australian business, joining from QBE where he has held several senior roles during a 32-year career with the insurer...
Steadfast to acquire Insurance Brands Australia
17 August 2022
Steadfast Group has entered into an agreement to acquire Insurance Brands Australia (IBA) for $301 million, the company said today...
Suncorp sells bank for $4.9 billion
18 July 2022
Suncorp has signed an agreement to sell its banking business to ANZ for $4.9 billion, focusing the company on its insurance operations in Australia and New Zealand...
Cyclone pool modelling to be released today, savings 'overhyped'
30 June 2022
The previous federal government misled the public on the level of savings that will be achieved by the upcoming cyclone reinsurance pool, Financial Services Minister Stephen Jones will announce today...