Corporate
Ardonagh ‘excited to get to work’ after PSC shareholders back takeover
30 September 2024
PSC Insurance Group shareholders have voted to sell the business for $2.3 billion to UK-based Ardonagh, with near-total backing for the takeover...
Rhodian launches marine agency
30 September 2024
Agencies incubator Rhodian Group today announced the launch of Marinex Underwriting, offering marine products for the Australian market...
Steadfast’s Kelly steps down from Johns Lyng board
30 September 2024
Johns Lyng Group says Steadfast CEO and MD Robert Kelly has retired as a non-executive director on its board with immediate effect...
Ocean adds cyber to product suite
30 September 2024
Ocean Underwriting and Tokio Marine Management Australasia have teamed up to issue cyber insurance to Australian SMEs...
Johns Lyng buys into Queensland building services group
23 September 2024
Johns Lyng Group has acquired an 87.5% controlling equity interest in Keystone Group, a Queensland-based insurance building and restoration services provider...
AUB names Tysers and UK retail heads
23 September 2024
AUB Group has appointed Tom Wilson as Tysers CEO and Bob Pybus as UK retail CEO...
Suncorp general counsel takes CTP exec role
23 September 2024
Suncorp Group general counsel Michelle Bain has become compulsory third-party insurance and advocacy EGM...
Tower locks in reinsurance with ‘stable excesses, pricing’
23 September 2024
Tower has increased its catastrophe reinsurance cover for the next financial year to support growth and provide protection from large events volatility...
Mutual bond insurer sets up shop in Australia
23 September 2024
Build America Mutual is opening an office in Melbourne as it expands into the Australian and New Zealand markets...
Steadfast defends reputation after ABC report
16 September 2024
Steadfast Group has rejected allegations made in the Four Corners program last week, saying important information was selectively presented and it is fully committed to a transparent and competitive marketplace...
Lockton recruits key player in claims expansion
16 September 2024
Lockton is expanding its claims offering under the leadership of former Gallagher claims head Adam Squire...
IAG ‘accelerates’ electric fleet shift
16 September 2024
IAG says it will transition its fleet of more than 900 vehicles in Australia and New Zealand to electric or hybrid models by mid-2030 and is installing chargers at employees’ homes...
Tokio Marine appoints audit chief
16 September 2024
Tokio Marine Management Australasia has appointed Ankitha Mahishi as head of internal audit...
Nib’s new CEO to step up in December
16 September 2024
Nib Holdings’ incoming CEO and MD Ed Close will take the reins on December 1, replacing Mark Fitzgibbon, who is retiring after leading the business for more than 22 years...
WTW launches tech industry unit
09 September 2024
WTW has formed a dedicated technology industry practice in Australia and New Zealand, led by cyber risk specialist Ben Di Marco...
Tower holds course after strategic review
09 September 2024
New Zealand insurer Tower says its ownership structure will continue unchanged following a review, although it is “open to considering any future proposals or opportunities”...
American vehicle parts company buys Australian supplier
09 September 2024
US-based Global Parts Company is expanding in the collision repair sector with the acquisition of a business that operates five distribution centres across Australia...
UK law firm seals Proclaim acquisition
09 September 2024
British law firm DWF has completed its acquisition of claims manager Proclaim...
Acquisitions, rate gains boost Steadfast outlook
02 September 2024
Steadfast has forecast underlying net profit this year will rise to $290-$300 million as it targets about $300 million of acquisitions and sees further premium increases...
Agile branches out in New Zealand
02 September 2024
Agile has opened a New Zealand division to enhance “enhance its capability to service ... business in its general aviation, accident and health, casualty and professional lines”...