AHI names new leadership trio
12 September 2016
Accident and Health International has announced the appointments of Renato Foenander as Deputy CEO, Hugh Ross as COO and Wayne Anstiss as Chief Underwriting Officer…
Corporate
Willis Towers Watson names Regional Counsel
12 September 2016
Willis Towers Watson has appointed Jon Downes as Regional Counsel for Australasia, taking over from Marigold Magnaye, who is now Head of Operations and Technology for the region…
Pen acquires Berkley’s motor book
12 September 2016
Arthur J Gallagher-owned Pen Underwriting has acquired Berkley Insurance Australia’s motor and fleet motor business…
TIO to shut all branches
12 September 2016
The Territory Insurance Office has confirmed it will close all its branch offices in the NT, with nine employees affected…
Vero helps brokers bridge the SME gap
12 September 2016
Vero has produced an online risk analysis tool to help broker clients identify major business concerns and gaps in insurance coverage…
BMS extends reach with Melbourne broking operation
12 September 2016
UK-based broker group BMS has opened an affinity broking operation in Melbourne that will concentrate on Australia and New Zealand…
CBL changes ASX listing status
12 September 2016
New Zealand-based credit and financial risk insurer CBL Corporation has changed its Australian Securities Exchange listing category to “foreign exempt issuer”…
Claims blowout forces Tower to lift Canterbury provisions
12 September 2016
Tower expects to increase its Canterbury claims provisions after a Deloitte review found its costs have blown out due to unexpected increases in new Earthquake Commission claims and growing litigation and disputes…
Youi fraud accusations ‘risk damaging industry brand’
05 September 2016
Allegations that Youi staff in Australia used unscrupulous sales tactics have triggered industry concerns about the severity of the issue and its wider ramifications for other insurers…
AIG sells its PNG operation
05 September 2016
AIG has sold its Papua New Guinea operations in a management buyout…
Centrepoint helps charities through fee donations
05 September 2016
Premium funder Centrepoint Alliance will make donations to two aligned charities in a program linked to application fees…
JLT chief sees upbeat future for diligent small brokers
05 September 2016
Small business brokers will have a positive future in the insurance industry if they continue to focus on clients’ needs, according to JLT Group CEO Dominic Burke…
Tesla’s electric cars in Australia get unique insurance
05 September 2016
Tesla Motors has begun offering insurance products designed for its electric cars in Australia – the second Asia-Pacific market after Hong Kong to offer the after-sales service…
QUS acts on NSW strata legislation
05 September 2016
Strata insurer QUS will offer $20 million public liability cover for all NSW strata risks from the end of November, in response to new legislation…
iSelect makes gains in insurance revenue
05 September 2016
Comparator iSelect’s life and general insurance operating revenue grew 33% to $32 million in the year to June 30…
Ensurance cuts loss, but running costs blow out
05 September 2016
Broker and insurance technology group Ensurance made a $1.75 million net loss for the year to June 30 as higher running costs negated a rise in revenue…
Genworth announces new company secretary
05 September 2016
Genworth Mortgage Insurance Australia has appointed General Counsel Prudence Milne as Company Secretary following the resignation of Luke Oxenham from the position…
AUB hails diversification strategy as profit rises
29 August 2016
AUB Group has reported net income of $42 million for the year to June 30, up 20.4% on the previous year…
Steadfast announces strong result, Singapore cluster launch
29 August 2016
Broker network Steadfast has unveiled a significant increase in net income despite challenging market conditions, and will set up a Singapore cluster group within weeks as it targets further growth in Asia…
PSC full-year result exceeds expectations
29 August 2016
Organic growth, cost reductions and increasing scale were major contributors to PSC Insurance Group’s 70% profit surge last financial year…