IAG buys more catastrophe reinsurance
13 June 2017
IAG has purchased an additional $1 billion of gross catastrophe protection in excess of its existing catastrophe tower of up to $7 billion…
Corporate
Zurich launches claims tracking tool
13 June 2017
Zurich has introduced a tool to help motor fleet clients and brokers keep track of their claims…
XL Catlin launches environmental protection policy
13 June 2017
XL Catlin has introduced a new policy protecting Asia-Pacific property owners from their increasing exposure to environmental liabilities…
AIG bails on Australian aviation business
05 June 2017
AIG has pulled out of the Australian and New Zealand aviation market, citing a strategic review of market conditions and an underperforming portfolio…
AI to speed motor claims: Suncorp
05 June 2017
Suncorp plans to use artificial intelligence to determine liability in car accidents, helping to speed the claims process and reduce claims costs…
BizCover signs Comparethemarket.com.au white-label deal
05 June 2017
BizCover’s business insurance products are now available on the Comparethemarket comparison site, as the two companies step up their efforts to reach SMEs…
iSelect adds pet products through Hollard tie-up
05 June 2017
iSelect is offering Hollard-backed insurance for dogs and cats, as the comparator aims for a slice of the pet cover market, worth almost $500 million last year…
Law change lets CBL step in to help builders
05 June 2017
New Zealand-based CBL Corporation is offering retention bonds to building companies following changes to rules governing retention payments in the construction industry…
Allianz shuffles deck with Worldwide Partners business
05 June 2017
Allianz Global Automotive, Allianz Global Assistance and Allianz Worldwide Care are now housed under one roof as Allianz Worldwide Partners…
BMS flags ‘significant investment’ in market
29 May 2017
Global broker BMS has outlined ambitious growth plans for Australia…
Tower suffers first-half loss as catastrophes bite
29 May 2017
Takeover target Tower has reported a half-year loss of $NZ8.2 million, with its result hit by the Canterbury and Kaikoura earthquakes, the “Tasman Tempest” storms and Port Hills fires…
Sale reduces Beazley’s local presence
29 May 2017
Global specialty insurer Beazley has drastically reduced its Australian presence with the sale of its accident and health portfolio…
QBE recruits CFO from Commonwealth Bank
29 May 2017
QBE has appointed Michael Ford as Group CFO to succeed Pat Regan, who is now CEO of Australian and New Zealand Operations…
Premium Funding hails payment facility success
29 May 2017
Premium Funding says its “game-changing” Pay By The Month facility has been a big hit with brokers since its launch in April last year…
Swiss Re opens P&C underwriting hub
29 May 2017
Swiss Re has set up a combined property and casualty underwriting hub for Asia-Pacific, to tap into the region’s well-documented growth prospects…
S&P positive about ‘very strong’ QBE
29 May 2017
S&P Global Ratings retains a positive outlook for QBE based on an improvement in the group’s operating performance over the past 12 months and its “very strong” capital position…
Suncorp opens second concept store
29 May 2017
Suncorp has chosen the Brisbane suburb of Carindale as the site of its second concept store, after last December introducing the retail format at Sydney’s Parramatta Westfield centre…
Suncorp rewards 31,000 customers for cyclone mitigation
22 May 2017
Suncorp has cut the premiums of 31,000 customers in northern Australia after they made their homes more cyclone-resilient under the insurer’s Protecting the North initiative…
Broker calls in the administrators
22 May 2017
Perth-based National Franchise Insurance Brokers, a Steadfast member, has entered administration…
QBE to improve smash repair network
22 May 2017
After a review of its motor claims division, QBE has released a “request for proposal” for smash repairers to join its network in metropolitan Sydney, Melbourne, Brisbane and Canberra…