No deal on Dual, Steadfast says
01 August 2016
Steadfast has denied rumours circulating in the London market that it is planning to buy the Australian and New Zealand operations of underwriting agency Dual…
Corporate
AUB Group buys stake in NZ brokerage
01 August 2016
AUB Group and independent New Zealand broker BrokerWeb Risk Services have joined forces to take a 50% stake in Dawson Insurance Brokers in the North Island city of Rotorua…
Marsh appoints new NZ chief
01 August 2016
Marsh has appointed Marcus Pearson as Country Head of New Zealand, effective from next January…
BHSI takes cyber liability across Tasman
01 August 2016
Berkshire Hathaway Specialty Insurance has extended its cyber liability business to New Zealand, appointing Ian Marshall to lead the product line there…
MGA buys Victorian regional brokerage
01 August 2016
MGA Insurance Brokers has acquired Cranston Australia Insurance Brokers’ business in Horsham, Victoria, for an undisclosed amount…
Ansvar drones cleared for take-off
01 August 2016
Faith and heritage sector specialist Ansvar Insurance will use drones in risk mitigation and assessment after obtaining Civil Aviation Safety Authority clearance…
AM Best affirms Youi NZ ratings
01 August 2016
AM Best has affirmed South African-owned Youi New Zealand’s B++ financial strength rating and bbb issuer credit rating, with a stable outlook…
NZ business in profit, Stream says
01 August 2016
Stream’s New Zealand subsidiary Symetri is profitable and expects to file a half-year financial report this month, the claims service provider says in an update to the Australian Securities Exchange…
Ensurance books 15% revenue jump
01 August 2016
Broker and insurance technology group Ensurance has posted a 15% rise in revenue to $876,000 for the June quarter, buoyed by solid sales growth…
BHSI targets Australian cyber-liability market
25 July 2016
Berkshire Hathaway Specialty Insurance has entered the growing cyber-liability market in Australia, as corporate demand for the cover increases and risks evolve…
Marsh reshapes regional leadership structure
25 July 2016
Marsh Pacific CEO Scott Leney will report directly to US-based President John Doyle under a new executive structure announced by the global broker…
Suncorp video reaches out to cyclone-prone Queenslanders
25 July 2016
Suncorp has produced a video highlighting the value of mitigation measures, as part of its Protecting the North program, introduced in April last year…
PSC lifts pre-tax profit forecast
25 July 2016
PSC Insurance Group expects to report underlying pre-tax profit of more than $20 million for last financial year, exceeding its float prospectus forecast of $17.8 million…
New investments chief joins Suncorp
25 July 2016
Patrick Farrell has begun his new role as Suncorp Head of Investments, replacing Nick Basile, who retired after three years in the role…
Tower scouts for new CFO
25 July 2016
New Zealand insurer Tower is hunting for a CFO to replace Brett Wilson, who has resigned after taking up the job last year…
Dual rolls out specialty consumer covers
25 July 2016
Dual Australia is expanding into specialty consumer products, with a new offering to focus initially on extended warranty, accidental damage, theft and loss, and cancellation insurance…
Insurance chief leaves Berkshire Hathaway
18 July 2016
Berkshire Hathaway Insurance Australia CEO Blair Nicholls has left the company to take up an undisclosed role elsewhere…
IAG in line for share buyback: Morgan Stanley
18 July 2016
IAG may soon announce plans for a “sizeable” share buyback, according to analysts at Morgan Stanley…
Japanese insurer steps up Australian presence
18 July 2016
Aioi Nissay Dowa Insurance will invest $2.2 million in a new operations centre in regional Victoria, to support its growing business in Australia…
LMI break-in reinforces security message
18 July 2016
LMI Group founder and MD Allan Manning has urged homeowners and businesses to take a fresh look at their security and insurance programs, after surprising a burglar at his company’s Melbourne office on a Saturday night…