Suncorp raises Tower takeover bid
26 June 2017
Suncorp has increased its takeover offer for Tower to $NZ1.40 per share, valuing the New Zealand insurer at about $NZ236 million…
Corporate
QBE flags earnings drag from emerging markets
26 June 2017
QBE says higher-than-expected claims in the emerging markets business will hit its half-year earnings, which are due to be announced on August 17…
New Epsilon Chairman relishes industry return
26 June 2017
Paul Lynam says underwriting agency Epsilon will look to expand following his appointment as Chairman…
Moody’s acts on LMI ratings as housing market feels strain
26 June 2017
Moody’s Investors Service has downgraded the insurance financial strength rating of Westpac Lenders’ Mortgage Insurance to A1 from Aa3, while revising the outlook to stable from negative…
Marsh partners with Indigenous broker
26 June 2017
Aboriginal-owned insurance broker Origin has become an authorised representative of Marsh Australia…
iSelect hatches tech plan with Nest
26 June 2017
iSelect has signed a multi-year agreement with US tech company Nest Labs to be the exclusive partner for a suite of its connected home devices in Australia…
Insurance Made Easy seals small business link-up
26 June 2017
Steadfast member Insurance Made Easy has become the sole preferred insurance broker for Small Business Association of Australia members…
Atradius unveils ‘time-saver’ credit portal
26 June 2017
European trade credit insurer Atradius has introduced the Atrium credit management online portal, giving customers instant access to information on buyers’ creditworthiness and, in most cases, immediate credit limit decisions…
Steadfast considers holdings in German network’s brokers
19 June 2017
Steadfast says its acquisition of a minority stake in Hamburg-based unisonBrokers may pave the way for equity holdings in suitable brokers in the network…
Latevo lines up overseas insurer for 2018 crop season
19 June 2017
Latevo is finalising a deal with an overseas insurer to underwrite its multi-peril crop insurance for next year’s growing season, CEO Andrew Trotter has told insuranceNEWS.com.au exclusively…
Dual enhances cyber offering
19 June 2017
Underwriting agency Dual has introduced a $250,000 sub-limit for social engineering, phishing and cyber fraud under its cyber product…
CBL holds onto financial strength rating
19 June 2017
AM Best has affirmed the A- (excellent) financial strength rating of New Zealand-based CBL Insurance and says the company’s outlook is stable…
Chubb appoints non-executive chairman
19 June 2017
Chubb Insurance Australia has appointed Rod McGeoch as Non-Executive Chairman and independent director…
ATL, Hello Claims agree taxi tie-up
19 June 2017
NSW-based digital claims management business Hello Claims will manage the claims of ATL Insurance Group’s taxi business nationwide under a three-year partnership announced today…
Mitsui backs more Community Underwriting lines
19 June 2017
Community Underwriting will continue expanding its offerings to non-profit clients and their brokers after entering a binding authority agreement with Mitsui Sumitomo Insurance Company…
Steadfast moves into global arena with Unison deal
13 June 2017
Steadfast’s decision to buy a non-controlling stake in Hamburg-based unisonBrokers for an undisclosed price is another stop in a strategy to expand its international business opportunities…
New Ironshore MD retains regional role
13 June 2017
William Lewis will continue as the Asia-Pacific Head of Mergers and Acquisitions for specialist global insurer Ironshore after taking up his new role as the company’s Australian MD…
Swiss Re names new corporate CEO for region
13 June 2017
Swiss Re Corporate Solutions has appointed Melanie Slack as CEO Australia and New Zealand, effective immediately…
Broker search engine prepares to go live
13 June 2017
Insurtech Manner is confident its platform designed to help brokers search for underwriters will resonate with the industry when commercial operations begin next month…
QBE sets up in Brussels as Brexit nears
13 June 2017
QBE will locate its new European subsidiary in Brussels under preparations for the UK’s exit from the European Union…