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Corporate

Travel insurance specialist ‘hibernates’ as volumes plummet

19 October 2020

TravelCard today announced “the difficult decision” to put the business into hibernation and pause operations...

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PSC snaps up another UK brokerage for $15.5 million

19 October 2020

PSC Insurance Group announced today it has acquired another London brokerage for £8.51 million, further expanding its reach in the UK market...

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IAG and union battle over enterprise pay deal

19 October 2020

IAG has defended a proposed enterprise pay and conditions agreement, saying the company is “not immune” from the impacts of COVID-19 and the offer achieves the right balance between the needs of employees and the business...

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Coverforce defends new PI product

19 October 2020

Coverforce has moved to dispel doubts on a new professional indemnity insurance product after a surveyors’ group warned the cover may not meet Australian regulations...

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Steadfast boosts training with Gold Seal purchase

19 October 2020

Steadfast has boosted its education and training capabilities with the acquisition of Gold Seal Practice Management and Gold Seal Intellectual Property...

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Builder nails insurance services deal with Westpac

19 October 2020

Johns Lyng Group has signed a contract with Westpac General Insurance to provide building and restoration services for insurance claims across the insurer’s national client base for an initial period of three years...

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Insurance consigned to the past as Stream changes direction

19 October 2020

Former claims manager Stream says the Qusol insurance software business will no longer be a key part of its operations as it moves out of insurance to become an electrical products and services company...

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QBE’s Mitti joint venture aims to reduce SME risks

19 October 2020

QBE has partnered with workplace inspection company SafetyCulture to provide risk mitigation assistance and tailored cover for SMEs through new joint venture insurer Mitti...

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BOQ expects after-tax loss from sale of St Andrews

19 October 2020

The Bank of Queensland says the sale of its insurance arm will translate into an after-tax loss of $27-30 million, which will be reflected in its current financial year results...

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Zurich monitors local travel as global product revamped

19 October 2020

Zurich wants to introduce an enhanced business travel product locally next year after the global company last week said it had improved its commercial offering to reflect challenges highlighted by the COVID-19 pandemic...

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iSelect appoints new CEO

19 October 2020

Comparison website iSelect has promoted Chief Marketing and Commercial Officer Warren Hebard to CEO, while warning that revenue will be hampered by changes to life insurance and this year’s COVID-19 restrictions...

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Cover Genius raises $15 million as online commerce increases

19 October 2020

Technology company Cover Genius, which facilitates ecommerce insurance, has raised $15 million as it extends its product suite and partner network globally amid opportunities from rising online purchasing...

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