AM Best affirms Youi NZ ratings
31 July 2017
AM Best has affirmed Youi NZ’s financial strength rating of B++ and long-term issuer credit rating of BBB, with the outlook as stable…
Corporate
New CEO vows to build on Pen’s strengths
24 July 2017
Incoming Pen Underwriting Australia CEO Ken Keenan aims to “create value in new and interesting ways” when he takes over on January 1…
IAG focuses on speed with united Australia unit
24 July 2017
IAG’s decision to unite its Australian businesses into one division will accelerate decision-making processes in the company, CEO Peter Harmer says…
PSC buys WA, Queensland brokers
24 July 2017
PSC Insurance Group has bought two broking companies and invested in a technology-driven planning business, as it continues to pursue acquisitions…
Sura adds liability specialist to stable
24 July 2017
Sura has added to its list of branded underwriting agencies with the introduction of liability business Sura Specialty, formerly Lawsons Underwriting Australasia…
Cover-More pilots insurance for pre-existing mental illness
24 July 2017
Cover-More has announced a trial to insure travellers with pre-existing mental health conditions including schizophrenia, bipolar disorder and post-traumatic stress…
XL Catlin targets cyber risks as breach rules tighten
24 July 2017
XL Catlin has introduced a cyber and data protection policy in the Asia-Pacific region as governments impose more stringent regulations that raise the stakes for companies…
IAG licence changes approved
24 July 2017
IAG will consolidate its nine Australian general insurance licences into two after receiving approval from the Federal Court of Australia…
GSA opens finance broking division
24 July 2017
Sydney-based GSA Insurance Brokers has started offering finance broking, in response to feedback from clients…
Gallagher chief targets top spot through rapid growth
17 July 2017
New Arthur J Gallagher Australia CEO Sarah Lyons wants the brokerage to be the biggest in the country…
AM Best raises QBE credit ratings
17 July 2017
AM Best has upgraded the long-term issuer credit ratings of QBE subsidiaries from a to a+ and affirmed their financial strength ratings at A…
Tower appoints adviser for Vero offer
17 July 2017
New Zealand insurer Tower has appointed advisory firm Northington Partners to prepare an independent expert’s report on Suncorp’s improved takeover offer…
CBL bolsters European business with Irish deal
17 July 2017
CBL Corporation has taken a 40% stake in Dublin-based captive insurance group Allied Risk Holdings, stepping up its post-Brexit game plan…
Miner secures $64.3 million BI settlement
17 July 2017
Miner Mount Gibson Iron has reached agreement on a $64.3 million settlement for business interruption caused by the failure of the Koolan Island main pit seawall in WA…
CHU expands strata offerings
17 July 2017
CHU Underwriting Agencies has introduced new policies covering contents and landlords for strata properties…
HDI hails role on major NZ road project
17 July 2017
HDI Global has successfully led an insurance consortium providing cover for the five-year, $NZ1.4 billion Waterview Connection road project, which opened to commuters in Auckland early this month…
SAI begins CEO transition
17 July 2017
New SAI Global CEO Peter Granat starts in the job today, taking over from Peter Mullins, who is retiring after more than two years running the risk management group…
RACQ goes vintage with new motor product
17 July 2017
RACQ Insurance has introduced a new cover for vintage, prestige, classic and high-performance cars and motorbikes…
Netball champ joins Sportscover board
17 July 2017
Former Australian netball star Cheryl McCormack has been appointed a non-executive director of Sportscover Australia…
Allianz duo thank their boss as they go it alone
10 July 2017
Allianz GM Commercial Denis Morrissey has praised the company’s local management for supporting his decision to buy an independent underwriting agency with National Manager Key Partners Chris Lynch…