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Nib’s new CEO to step up in December

16 September 2024

Nib Holdings’ incoming CEO and MD Ed Close will take the reins on December 1, replacing Mark Fitzgibbon, who is retiring after leading the business for more than 22 years...

WTW launches tech industry unit

09 September 2024

WTW has formed a dedicated technology industry practice in Australia and New Zealand, led by cyber risk specialist Ben Di Marco...

Tower holds course after strategic review

09 September 2024

New Zealand insurer Tower says its ownership structure will continue unchanged following a review, although it is “open to considering any future proposals or opportunities”...

Acquisitions, rate gains boost Steadfast outlook

02 September 2024

Steadfast has forecast underlying net profit this year will rise to $290-$300 million as it targets about $300 million of acquisitions and sees further premium increases...

Agile branches out in New Zealand

02 September 2024

Agile has opened a New Zealand division to enhance “enhance its capability to service ... business in its general aviation, accident and health, casualty and professional lines”...

PSC takeover likely to close in October

26 August 2024

Ardonagh’s $2.3 billion acquisition of PSC Insurance Group is expected to take effect in October, assuming shareholders vote in favour of the deal at meetings next month...

AUB plans further agency, UK growth

26 August 2024

AUB Group says it aims to grow its Australian agencies and UK retail broking businesses after booking a double-digit rise in 2023-24 earnings...

Mortgage trends dent Helia GWP, profit

26 August 2024

Helia’s Group’s gross written premium fell 11% to $85.9 million in the first half as banks self-insured and fewer property buyers borrowed at levels requiring lenders’ mortgage insurance...

AMA loss narrows after business reset

26 August 2024

Collision repairer AMA Group has reported a full-year net loss of $6.8 million, improving from a $146.8 million deficit after board and senior management changes and actions to turn around the business...

Premium gains, investments boost Suncorp earnings

19 August 2024

Suncorp’s full-year net profit after tax increased 11.8% to $1.197 billion on stronger premium and investment returns, and with natural hazard costs below the annual allowance...

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