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QBE withdraws targets amid 'extraordinarily difficult' times

30 March 2020

QBE has withdrawn its guidance for financial targets this year due to the uncertainty caused by the coronavirus outbreak and has confirmed it will hold a "virtual" annual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

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AUB defers MGA acquisition and interim dividend

30 March 2020

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...

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IAG holds on to earnings guidance despite pandemic disruptions

30 March 2020

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...

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Allianz taps Deloitte for CRO as Callahan retires

30 March 2020

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...

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Steadfast to update guidance 'when practical'

30 March 2020

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...

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Tower takes EQC to court for $80 million

30 March 2020

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...

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Genworth cites social responsibility in pulling guidance

30 March 2020

Genworth Mortgage Insurance has withdrawn earnings guidance provided just last month as the economy reels from unprecedented measures taken to stop the spread of the COVID-19 pandemic...

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SUA pursues waiver on unoccupied premises

30 March 2020

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...

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WTW tool tracks pandemic exposure for risk managers

30 March 2020

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...

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360 continues rapid expansion, buys Ensurance

30 March 2020

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...

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Employee wellbeing platform launched

30 March 2020

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

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Insurance Advisernet network adopts new broking software

30 March 2020

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

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PetSure invests in digital startup Vetchat

30 March 2020

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

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Virus to video: COVID-19 stirs interest in live platform

30 March 2020

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...

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