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Breaking News

Are we ok? Wellness Survey results revealed

15 October 2021

The COVID-19 pandemic and associated restrictions have left more than a quarter of insurance industry professionals so worried about their mental health that they have considered or sought out expert help...

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COVID test case judgment: insurers win the day

8 October 2021

The Federal Court today found in favour of insurers on the vast majority of issues in the second business interruption test case on COVID-19 claims – but an appeal looms...

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Steadfast acquires Coverforce in $411.5 million deal

16 August 2021

Steadfast has acquired Coverforce, one of Australia’s largest privately owned insurance brokers, for $411.5 million...

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It's off: Aon/WTW merger axed

27 July 2021

The mega-merger that would have created the biggest insurance brokerage in the world has been abandoned, with Aon paying Willis Towers Watson a $US1 billion termination fee...

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Zurich’s Plant takes up senior role at IAG

20 July 2021

Zurich Australia General Insurance CEO Tim Plant is leaving the business to join IAG as Chief Insurance and Strategy Officer before the end of the year...

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NIBA names Philip Kewin as CEO

6 July 2021

The National Insurance Brokers Association says Philip Kewin will become the group’s new CEO following the retirement of Dallas Booth later this year...

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High Court rejects BI test case appeal application

25 June 2021

The High Court has today denied the Insurance Council of Australia’s application to appeal a judgment in the first test case on business interruption claim denials…

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CBA sells general insurance business to Hollard

21 June 2021

Commonwealth Bank has agreed to sell its Australian general insurance business to Hollard in a deal involving an upfront payment of $625 million...

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Ardonagh acquires local underwriting agency in global deal

27 May 2021

The UK’s Ardonagh Group has acquired Sydney-based underwriting agency Epsilon as part of a broader, globally significant deal announced today...

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$10 billion cyclone reinsurance pool announced

4 May 2021

A cyclone reinsurance pool for northern Australia, backed by a $10 billion government guarantee, will be announced by Prime Minister Scott Morrison today...

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Steadfast acquires majority stake in global broker group

19 April 2021

Steadfast has acquired a majority 60% stake in unisonSteadfast, a global network of independent insurance brokers based in Hamburg and Chicago...

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IAG appoints top Australia, NZ executives

10 March 2021

IAG has appointed top executives for its Australian intermediated and direct businesses after last year announcing it was splitting the local division and introducing a new structure...

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QBE names new Group CEO

3 March 2021

QBE has appointed Andrew Horton as its new permanent Group CEO, replacing interim chief Richard Pryce in September...

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ICA announces launch of second business interruption test case

24 February 2021

Federal Court of Australia proceedings have commenced to test the application of “further issues” in relation to pandemic coverage in business interruption policies...

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UK broking leader buys big stake in Resilium

16 February 2021

Authorised representative network Resilium has secured a strategic investment from Ardonagh Group, giving the UK’s largest independent insurance broker a majority stake in the business...

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QBE appoints Sue Houghton Australia & Pacific CEO

2 February 2021

QBE Group has appointed Westpac insurance head Sue Houghton as its Australia and Pacific CEO, effective from August...

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Howden, Steadfast enter broking partnership

14 January 2021

International group Howden will expand in Australia through a strategic broking partnership with Steadfast...

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icare appoints Richard Harding as CEO

13 January 2021

NSW state insurer icare has appointed former Tower CEO Richard Harding as its new head, effective from Monday...

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ACCC's final report urges broker commissions ban

30 December 2020

The Australian Competition and Consumer Commission has concluded its three-year inquiry into insurance affordability in northern Australia by calling for broker commissions to be replaced by a fee-based system...

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Allianz buys Westpac insurance business

2 December 2020

Allianz has acquired the Westpac general insurance business in a $725 million deal that includes a 20-year agreement for distribution of products to the bank’s customers...

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