IAG's Malaysia sale receives regulatory approval
04 July 2022
Malaysian regulators have approved the sale of a business in which IAG holds a 49% interest, paving the way for the insurer’s exit from the country...
Corporate
Fusion Specialty enters UK market
04 July 2022
Merger and acquisition specialist Fusion Specialty has launched in the UK, with the Australia-founded managing general agency looking to build its global presence after expanding to the US in May...
Former EQC board chair takes up lead role at AIG New Zealand
04 July 2022
Mary-Jane Daly has commenced as AIG New Zealand’s new Chair last week, taking over from Craig Stobo who is retiring after more than 10 years in the role...
Axa XL announces new underwriting head
04 July 2022
Axa XL has promoted Ana Dores to Chief Underwriting Officer, International Financial Lines, Asia Pacific and Europe...
Suncorp reviewing options for banking operations
27 June 2022
Suncorp has responded to speculation that it is looking at a potential divestment of its banking division by saying it is reviewing “strategic alternatives” for the business...
RACQ launches hunt for new insurance chief
27 June 2022
RACQ Insurance has begun an internal and external search for a new insurance chief after last week confirming the exit of Group Executive Insurance Tracy Green...
NRMA Insurance unveils carbon offset program
27 June 2022
NRMA Insurance announced today the launch of its Carbon Offset Program, an initiative aimed at mitigating the impact of emissions from vehicles...
AMA parts business opens distribution centre
27 June 2022
AMA Group’s parts business has opened a new Victorian distribution centre in Somerton, allowing the consolidation of two smaller sites and an expansion of total capacity...
Insurer partners with SASES to improve weather resilience
27 June 2022
NRMA Insurance has partnered with the SA State Emergency Service to bolster community readiness against increasingly severe weather events...
BMS signals growth ambitions after SRG deal
20 June 2022
UK-based specialist insurance and reinsurance broker BMS Group says it plans to further expand in Australia following its latest acquisition...
ABICO acquires Ausure Macarthur
20 June 2022
ABICO Insurance Brokers has acquired Campbelltown-based Ausure Insurance Brokers Macarthur, allowing it to grow its client base in Western Sydney...
Open scores partnership with New Zealand telco
20 June 2022
Open, the Hollard-backed insurtech behind the Huddle brand, has entered into a bundling partnership with New Zealand telco and electricity provider Slingshot...
Zurich appoints sustainability head in Sydney
20 June 2022
Shaneen Marshall has taken on the expanded role of Head of Strategy and Sustainability at Zurich as the insurer prepares to launch a customer pilot in its life business this year with platform Reforest...
Liberty freshens up D&O policy wordings
20 June 2022
Liberty Specialty Markets has updated its Directors & Officers Liability policy wording in Australia, broadening protection with numerous enhancements including two new features: defence select and common costs allocation language...
Tower sells Papua New Guinea subsidiary
20 June 2022
New Zealand’s Tower is selling its stake in its Papua New Guinea subsidiary to Alpha Insurance this year for $7.9 million...
AMA says pricing must keep pace with market changes
06 June 2022
Crash repairer AMA Group says insurers have been approached and are in active discussions about repricing contracts as cost pressures continue to rise...
Gallagher completes MIM acquisition
06 June 2022
Gallagher has announced its latest acquisition with Canberra-based general insurance brokerage Mitchell Insurance Management agreeing to join its ACT team...
Resilium says more acquisitions in the pipeline
06 June 2022
Resilium Partners expects to wheel out more acquisitions in the coming months, after closing deals for two authorised representative (AR) businesses and moving closer to sealing a third one...
TravelCard working on Australia comeback
06 June 2022
TravelCard says its Australian business, placed in “hibernation” since October 2020 due to the pandemic, will offer “superior products” and “better user experience” when it resumes operations...
IAG renews commitment to assist Indigenous communities
06 June 2022
Insurance Australia Group has released its latest Stretch Reconciliation Action Plan, outlining initiatives to tackle ongoing issues in Indigenous communities...