Allianz exec to take reins at RACQ Insurance
28 November 2016
Brisbane-based RACQ Insurance has confirmed the appointment of Allianz executive John Myler as CEO…
Corporate
S&P affirms Allianz Australia ratings
28 November 2016
S&P Global Ratings has affirmed Allianz Australia’s AA- financial strength and issuer credit ratings due to its strategic importance to the German parent…
IAG considers further offshoring
21 November 2016
IAG has confirmed it may move more jobs offshore under a drive to increase efficiency…
Ausure announces Ruralco merger
21 November 2016
Agribusiness Ruralco has agreed to acquire a 50% joint-venture interest in Ausure Consolidated Brokers…
IAG warns of catastrophe impacts
21 November 2016
IAG says this month’s New Zealand earthquake and trans-Tasman storm may result in a net cost to the group of $200 million…
Australia ripe for Friendsurance model, country boss says
21 November 2016
The CEO of Friendsurance Australia says he does not consider the peer-to-peer insurance company a disruptor, but rather a “new dimension” to the industry…
JLT Australia NZ keeps Thistle despite UK sale
21 November 2016
JLT Australia and New Zealand will continue to operate its Thistle underwriting arm following the sale of most of the Thistle UK operation…
Aon teams up with innovation hub
21 November 2016
Aon is pursuing new opportunities with the start-up community through a three-year partnership with the York Butter Factory innovation hub in Melbourne…
LMI products go global
21 November 2016
Melbourne-based LMI Group says its products such as online risk management tool RiskCoach are proving increasingly successful in global markets…
Vero video points out brokers’ claims expertise
21 November 2016
Vero has produced a video that explains to brokers’ clients the value of having an insurance expert in their corner during the claims process…
Cover-More finalises US takeover
21 November 2016
Cover-More has completed its $US105 million acquisition of Travelex Insurance Services, the third-largest retail travel cover specialist in the US…
IAG happy with repair quality
21 November 2016
IAG says it will not rest on its laurels after an internal report gave its repair programs for property and motor near-perfect scores in 2015/16…
BHSI, Cover-More close on underwriting deal
14 November 2016
Berkshire Hathaway Speciality Insurance is close to replacing Great Lakes Australia as primary underwriter for travel insurer Cover-More in Australia and New Zealand…
Youi flags Australian ‘sales breaches’
14 November 2016
Youi’s Australian arm has engaged in “sales breaches” similar to those its New Zealand business recently admitted, parent company Outsurance Holdings says…
AAMI rejects Wye River underquoting criticism
14 November 2016
Suncorp subsidiary AAMI has rejected criticism that it is underquoting rebuilding costs and delaying construction for properties destroyed in the Wye River bushfires last December…
Talbot’s new MD takes over
14 November 2016
Former Catlin Australia chief Andrew Case started his new role as Talbot Underwriting Australia MD today…
Sportscover platform helps brokers pick up pace
14 November 2016
Specialist sports underwriting agency Sportscover has introduced a digital platform that lets brokers obtain instant quotes, bind risks and download policy documentation online – marking a first for Australiam sports insurance…
Cover-More remodels as earnings slump
14 November 2016
Travel insurer Cover-More has outlined changes to its operating model in a bid to reverse its fortunes following a 27.5% drop in net profit to $18.7 million last financial year…
iSelect defends comparator model
07 November 2016
iSelect has defended its business model after insurance comparators came under fire from industry heavyweights who refuse to work with them…
AIG brings environmental response to Australia
07 November 2016
Global insurance giant AIG has expanded its Pollution Incident and Environmental Response (PIER) 24-hour support service to clients in Australia…