AUB plans more strata acquisitions
12 September 2022
AUB Group says it’s on the hunt for more strata agency acquisitions after agreeing to acquire Strata Unit Underwriters from IAG for an undisclosed sum...
Corporate
New FM Global regional Senior VP named as part of leadership shake-up
12 September 2022
Recently appointed FM Global Senior VP APAC Division Manager James Thompson will have oversight of all the US mutual insurer’s Asia-Pacific operations including Australia, the business says...
Tower grows adviser network
12 September 2022
New Zealand’s Tower has expanded its network of insurance advisers under a new partnership with local aggregator Kiwi Adviser Network...
RACQ alerted by sharp rise in stolen vehicles
12 September 2022
RACQ has called on Queensland motorists to remain aware and active in their vehicle security after it reported an “alarming rise” in motor thefts...
'We're listening': Dual Deputy CEO’s message to broker partners
05 September 2022
Newly appointed Dual Asia Pacific Deputy CEO Michael Ussher says the broking channel remains a key focus as he prepares to commence in his new role on October 1...
iSelect insurance earnings increase, comparator prepares for new ownership
05 September 2022
Comparator iSelect’s insurance business reported improved full-year earnings, supported in part by higher online car insurance sales...
Chubb announces new NZ Property and Casualty Head
05 September 2022
Chubb has appointed Dave Morrow as its new Head of P&C in New Zealand and part of its executive leadership team...
Ensurance looks to 'new beginning' as business turns profitable for first time
05 September 2022
Ensurance CEO Tom Kent says the underwriting agency achieved a “big turnaround” to book its first-ever profit, as the business proceeds with its growth plans for Australia – a market it briefly left in 2020 to focus on the UK market...
Suncorp NZ launches program to raise funds for cancer research
05 September 2022
Suncorp says nearly 400 of its New Zealand employees will take part in activities throughout the next six weeks as part of its Spirit to Cure initiative to raise money for cancer research, support and prevention...
New Australia CEO brings 'deep broker relationships' to 360
29 August 2022
360 Underwriting Solutions says newly appointed CEO Australia Jason Clarke will start on November 1, as the business gears up for 2023 in which it expects to write more than $400 million in gross written premium...
AUB sees momentum continuing after earnings increase
29 August 2022
AUB Group sees momentum continuing after a strong operational and financial result in the past financial year bolstered by existing businesses and acquisitions...
Johns Lyng aims for $1 billion revenue after strong full-year results
29 August 2022
Johns Lyng Group announced “record” full-year financial results today, underpinned by post-catastrophe recovery works for its core Insurance Building and Restoration Services division...
PSC aims to build on strong earnings, sets higher guidance
29 August 2022
PSC Insurance Group achieved stronger full-year results as its three main divisions including the UK business booked higher earnings...
Delta hails performance rating 'game changer'
29 August 2022
New Zealand insurer Delta has described its “PA-2 excellent” performance rating from credit rater AM Best as a “game changer” for its future projections in New Zealand and international markets...
Steadfast aims high after strong results, Kelly affirms contract commitment
22 August 2022
Steadfast Group has set higher earnings targets for this financial year after revenue crossed the $1 billion mark for the first time and CEO Robert Kelly says he intends to lead the business until at least the end of December 31 next year, as outlined in his contract...
Steadfast eyeing Insurance House parent 'for quite some time', Kelly says
22 August 2022
Steadfast Group is set to take ownership tomorrow of Insurance Brands Australia, the parent company of independent Melbourne-based brokerage Insurance House and other intermediary businesses with a combined $438 million in annual gross written premium...
QUS resumes search for lead underwriter after Chubb’s 'last minute' withdrawal
22 August 2022
Strata insurance specialist QUS is still searching for a new capacity arrangement to replace the contract it had with AIG Australia, which concluded at the end of last year...
Wellington Underwriting announces executive changes
22 August 2022
Property and casualty specialist Wellington Underwriting Agencies has announced three new additions to its board of directors and appointed Brian Atkin as its new MD...
IAG announces board departure
22 August 2022
IAG says Independent Non-Executive Director Sheila McGregor will resign after its annual meeting on October 21...
IAG pushes through rate rises as inflation bites
15 August 2022
IAG is pushing through rate increases across its motor and home lines, in some instances by up to 11%, giving the insurer confidence that it has a “good handle” on mitigating the inflation challenge that is affecting the Australian and global economy...