British group buys local loss adjuster FT
04 March 2019
UK law firm DWF has expanded its loss adjusting presence in Australia with the acquisition of FT Adjusting, which specialises in construction and engineering claims…
Corporate
Sound expands with AR acquisition
04 March 2019
Sound Insurance has acquired fellow Melbourne-based Insurance Advisernet authorised representative ALH Insurance Services…
Macquarie backs AI fraud detection company
04 March 2019
Macquarie has invested in fraud detection company Quantexa, which uses artificial intelligence to help insurers and other financial groups prevent losses…
IAG sponsors Singapore’s first cat bond
04 March 2019
Singapore’s first catastrophe bond has been issued with the backing of IAG…
Regan ‘encouraged’ as QBE returns to profit
25 February 2019
QBE is back in the black, reporting a $US390 million after-tax profit for last year following a $US1.2 billion loss in 2017…
Brokers will avoid Hayne pain: Searles
25 February 2019
General insurance brokers are unlikely to be hit by a clampdown on conflicted remuneration proposed by the Hayne royal commission, according to retiring AUB Group CEO Mark Searles…
Steadfast chief confident on rates upturn
25 February 2019
The hardening insurance market has “at least a couple of years” to run, Steadfast CEO Robert Kelly says, after the group benefitted from an average premium rise of about 5% in the first half…
PSC eyes more takeovers after strong half
25 February 2019
PSC Insurance Group says its first-half performance was lifted by acquisitions and stronger premiums, and it remains on the lookout for expansion opportunities…
EBM names first CEO in management shake-up
25 February 2019
WA broker EBM has promoted Ward Dedman to CEO. He was previously MD Group Operations, according to his LinkedIn profile…
Tower hails ‘pleasing momentum’
25 February 2019
New Zealand general insurer Tower says it is on track to top $NZ22 million in underlying net profit this financial year, thanks to positive business trends and progress with its digital transformation…
QBE seeks safety data from automated vehicle trial
25 February 2019
QBE aims to gain risk insights on self-driving vehicles by providing compulsory third party cover for the first open-traffic driverless vehicle trial in Australia…
IAG opens new round of Indigenous reconciliation plan
25 February 2019
IAG has launched its third Reconciliation Action Plan, focusing on providing employment, education and professional development for Indigenous people…
AM Best affirms Hollard ratings
25 February 2019
AM Best has kept Hollard Insurance Company’s financial strength rating at A- and long-term issuer credit rating at a-…
CEO to switch roles as Flamingo rings changes
25 February 2019
Listed fintech Flamingo Ai’s founder and CEO Catriona Wallace will move into a Chief Revenue Officer role to focus on income generation…
Court schedules CBL Corp liquidation hearing
25 February 2019
Creditors of CBL Corporation will make their case to the New Zealand High Court on May 13 for the company to be liquidated…
IAG joins Canterbury quake claims drive
25 February 2019
IAG will participate in a government program to accelerate settlement of unresolved Canterbury earthquake insurance claims…
Ex-Brooklyn director opens Barn doors
25 February 2019
Former Brooklyn director David Porteous has set up Barn Underwriting Agency…
Insure247 teams up with safety app
25 February 2019
Broker Insure 247 has partnered with health and safety compliance app Zero Harm to offer bundled insurance benefits for policyholders in New Zealand…
Suncorp strengthens NZ motoring body tie-up
25 February 2019
Suncorp has formed a partnership with the New Zealand Automobile Association to sell financial services, building on its ties with the motoring club…
Hayne prompts Suncorp to lift compliance budget
18 February 2019
Suncorp is bracing for higher regulatory costs as it complies with recommendations from the Hayne royal commission…