QBE ordered to pay $10 million PI claim
18 March 2019
The WA Supreme Court has ruled QBE must pay $10 million plus interest for a professional indemnity claim held by a company that has since been deregistered…
Corporate
December hailstorms dent Youi result
18 March 2019
Hailstorms in Sydney and Gympie in Queensland cost Youi a combined $17 million in the December half…
Trade credit specialist Prasidium joins IBNA
18 March 2019
Trade credit insurance specialist Prasidium has joined Insurance Brokers Network of Australia…
AM Best maintains Tower’s ratings
18 March 2019
Tower Insurance has a “very strong” balance sheet, according to AM Best, which has affirmed the insurer’s financial strength rating of A- and long-term issuer credit rating of a-…
Allianz hires former Westpac information chief
18 March 2019
Allianz Australia has appointed Mike Wood as CIO, to oversee a range of IT initiatives across Australia and New Zealand…
Brokerage reassures newspaper after ASIC raid
11 March 2019
Victorian regional brokerage Griffiths Goodall is not facing allegations of theft “or anything of a criminal fraud nature”, the company’s GM has told a local newspaper…
Emmett starts as AUB CEO
11 March 2019
Mike Emmett takes the reins today as AUB Group CEO and MD, with predecessor Mark Searles stepping aside…
Gallagher expands in aviation with JLT deal
11 March 2019
Gallagher will acquire JLT’s global aerospace broking business, including operations in Australia and New Zealand, for around £190 million as it continues an expansion in the sector…
Climate demand makes QBE meeting agenda
11 March 2019
QBE will give “thorough consideration” to a shareholder resolution demanding the insurer reduce its ties with coal-linked businesses…
DXC runs innovation contest
11 March 2019
New York-listed DXC Technology has launched its annual contest in search of the country’s most innovative insurance solutions…
CBL Insurance liquidator puts software licence up for sale
11 March 2019
Liquidator McGrathNicol is selling CBL Insurance’s interest in a software licence linked to the failed insurer’s Builders Warranty product…
New QBE parental leave plan aims for gender equality
11 March 2019
QBE has introduced a new paid parental arrangement that eliminates the use of gendered carer labels…
Suncorp beefs up recovery efforts in Townsville
11 March 2019
Suncorp has opened a dedicated office in Townsville to strengthen its claims support for customers impacted by last month’s catastrophic floods…
QBE warned against CommInsure ‘distraction’
04 March 2019
Analysts have urged QBE to concentrate on organic growth after CEO Pat Regan indicated it may be interested in Commonwealth Bank’s general insurance arm…
Catastrophes lift Johns Lyng earnings outlook
04 March 2019
Building services provider Johns Lyng Group says its full-year result will be stronger than expected following the Sydney hailstorm and Townsville flooding…
Climate activists turn up heat on QBE
04 March 2019
QBE will face more pressure to act on carbon emissions when its annual general meeting is held in May…
Stream in red as Symetri sale fails to deliver
04 March 2019
Software provider Stream recorded a $369,409 net loss in the December half, partly blaming the result on its former New Zealand business Symetri…
IAG finds fall in repair network quality
04 March 2019
IAG has revealed a jump in quality issues across its property repair network…
Flamingo runs up bigger loss after ‘challenging year’
04 March 2019
Fintech Flamingo Ai’s financial position worsened in the December half as sales and cash receipts came in below expectations…
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…