Corporate

QBE has withdrawn its guidance for financial targets this year due to the uncertainty caused by the coronavirus outbreak and has confirmed it will hold a "virtual" annual meeting in May...

AUB Group says it will not go ahead with the planned $140 million acquisition of Adelaide-based MGA Whittles at this stage and will defer payment of the interim dividend due to uncertainty around the impact of the coronavirus outbreak...

IAG has provided a business update today, maintaining it is still on track for a reported margin range of 12.5-14.5% this financial year, despite the still unfolding fallout from the coronavirus outbreak...

Allianz Australia has appointed Tara Laybutt to take over as Chief Risk Officer from Lori Callahan, who is retiring after 18 years with the company...

Steadfast says it will provide an update on its expected financial performance and impact of the coronavirus situation "when practical" after last week withdrawing guidance for the current fiscal year...

New Zealand insurer Tower has launched legal action against the Earthquake Commission to recover more than $NZ80 million which it says is owed for rectifying building issues following the Canterbury earthquakes...

Genworth Mortgage Insurance has withdrawn earnings guidance provided just last month as the economy reels from unprecedented measures taken to stop the spread of the COVID-19 pandemic...

Underwriting agency SUA has pursued policy changes in the Lloyd’s market to ensure clients are not left without cover if properties are unoccupied for an extended period due to the coronavirus outbreak...

Risk managers can assess their COVID-19 property exposure in real-time using a new tool from Willis Towers Watson to help clients prepare for the "significant economic impact" of the pandemic...

Underwriting agency 360 Construction and Engineering has agreed to buy the local operations of Ensurance Underwriting for $1.1 million, plus an additional performance-related fee, as it continues to expand rapidly...

DXC Technology has announced the launch of a "community edition" of Springday, a digital evidence-based wellbeing platform designed to reduce psychological injury claims.

Australian insurtech iaAnyware has rolled out its boutique web-based insurance broking software across the Insurance Advisernet network...

Hollard Insurance-owned Pet insurance  specialist PetSure has bought a 40% stake in veterinary "telehealth" startup Vetchat...

Claim Central Consolidated has seen increased demand from insurance clients for its Livelogik real-time claims management platform, which offers a live video streaming feature to assess claims remotely...