Sedgwick acquires Direct Health Solutions
07 February 2022
Sedgwick has acquired employer-based telehealth provider Direct Health Solutions, entering the absence management area in Australia and expanding its global offering...
Corporate
IAG taps Westpac exec for risk chief role
31 January 2022
IAG has named Peter Taylor as Group Chief Risk Officer, replacing David Watts who resigned last September and will leave on February 11...
New Agile team targets brokers in hard-to-place risk markets
31 January 2022
Agile Underwriting Services has launched a new team to support brokers in the hard-to-place business risk classes...
CBA estimates $85 million impact from weather claims
31 January 2022
Commonwealth Bank says it has recognised a loss of $85 million in relation to insurance claims for hail and storm weather events across the east coast, SA and Tasmania during last October...
IAG maintains gross reinsurance cat cover at up to $10 billion
31 January 2022
IAG has finalised its catastrophe reinsurance program for this calendar year, keeping the gross protection cover at up to $10 billion, similar to last year...
Berkley, Frontier partner to offer blockchain product
31 January 2022
Berkley Insurance Australia and Frontier Global Underwriting, a London-based financial lines Lloyd’s coverholder with an office in Sydney, have teamed up to offer blockchain insurance cover...
Crucial contract supports Genworth rating
31 January 2022
Fitch says the stable rating outlook of Genworth Mortgage Insurance is supported by an agreement from the Commonwealth Bank to renew a contract after it insisted for the first time that the Lenders Mortgage Insurance specialist submit a new proposal...
IAG lays out 'ambitious' plan to turn business around
13 December 2021
IAG has set out what analysts have described as an “ambitious” five-year program to revitalise the business, after past lapses caused the insurer to report a $427 million net loss in the last financial year...
Fitch forecasts QBE financial performance will stabilise
13 December 2021
Fitch Ratings says expectations of a stabilisation in QBE’s earnings status has prompted it to revise its outlook for the Australian insurer to stable from negative...
Johns Lyng targets US market with $201 million acquisition
13 December 2021
Johns Lyng Group has agreed to acquire Colorado-based Reconstruction Holdings and its subsidiaries for $US144 million ($201 million), saying the move will provide the business with an immediate, established base in the vast US market...
Allianz steps up climate commitment
13 December 2021
Allianz Australia has become the first insurer to join Climate League 2030, a private sector-focused 10-year initiative that aims to reduce the country’s annual greenhouse gas emissions in line with targets set by the Paris Agreement...
Suncorp staff 'Lycra up' to raise $1 million for cancer research
13 December 2021
Suncorp’s new Spirit to Cure initiative has raised $1 million to aid cancer research, support and prevention...
WTW acquires aviation specialist Aerosure
06 December 2021
Willis Towers Watson today announced the acquisition of Sydney-based aviation brokerage Aerosure...
Class action firm targets IAG over BI claims exposure
06 December 2021
IAG shareholders affected by a stock price slump triggered by a market update on COVID-related business interruption claim provisions are signing up to participate in a class action against the insurer...
Building group extends insurance repair contract with Suncorp
06 December 2021
Johns Lyng Group has extended a contract with Suncorp under which it provides domestic building insurance repairs across NSW, Victoria, Queensland, SA, the ACT and the NT...
Trident Underwriting becomes Coast Insurance
06 December 2021
Marine specialist Trident Underwriting has rebranded as Coast Insurance to reflect its expansion into other areas of commercial cover and its operation as a standalone agency...
Underwriter IIS acquires stake in energy specialist AMIR
06 December 2021
Strata underwriter Insurance Investment Solutions has purchased a strategic shareholding in energy underwriting specialist Asia Mideast Insurance and Reinsurance...
Suncorp completes exit from RACT Insurance
06 December 2021
Suncorp has sealed the divestment of its 50% stake in RACT Insurance for $83.75 million to mutual motoring body RACT Group, which owns the other half of the Tasmanian joint venture...
Ensurance MD named as CEO
06 December 2021
Underwriting agency Ensurance announced today MD Tom Kent will become CEO on January 1 while Executive Chairman Tony Leibowitz will revert to a non-executive role...
Envest-owned Ken Tame rebrands
06 December 2021
Caravan and recreational vehicle underwriting agency specialist Ken Tame and Associates has completed a branding makeover, abbreviating its name to KT Insurance and unveiling a new look...