Experienced trio launch broker for ‘new era’
01 July 2024
John Paul Whitbread has launched a brokerage called Domo Insurance with Will Dunn and Eliza White, in a move they say “aims to disrupt the insurance industry”...
Corporate
Queensland eyes dividend as Chalmers backs Suncorp bank sale
01 July 2024
Suncorp is nearer to becoming a “dedicated” insurer focused on Australia and New Zealand after Treasurer Jim Chalmers approved the $4.9 billion sale of its banking arm to ANZ...
Tower and Kiwibank sign referral agreement
01 July 2024
New Zealand insurer Tower has secured a five-year referral deal to supply general insurance to Kiwibank’s retail banking customers...
Steadfast exec changes add to ‘deep bench strength’
24 June 2024
Steadfast has appointed executive Nick Cook to a broader regional role and has announced that Swiss Re’s former local head Mark Senkevics is joining the company...
QBE exits challenging North America segment
24 June 2024
QBE says it will focus on its North America specialty, crop and commercial businesses after deciding to step away from a middle-market segment that has experienced challenges for several years...
Helia’s largest LMI customer seeks new terms
24 June 2024
Helia Group has told its shareholders Commonwealth Bank will seek a new proposal for the provision of lenders’ mortgage insurance...
Ansvar ratings affirmed despite claims volatility
24 June 2024
AM Best has affirmed Ansvar Insurance’s A- and a- credit ratings, with a stable outlook...
MPs pass law to keep Suncorp HQ in Queensland after bank split
17 June 2024
Queensland has passed legislation to keep Suncorp’s head office in the state after the expected sale of its banking business to ANZ, with final clearance from federal Treasurer Jim Chalmers still awaited...
Allianz hit with code sanction after flood claim dispute
17 June 2024
Allianz has become the first general insurer to be hit with a financial sanction for a code of practice breach, with the issue relating to the handling of a claim from the February 2022 flooding catastrophe...
AMA Group chair, three directors resign
17 June 2024
AMA Group chair Caroline Waldron and three of the smash repairer’s directors have resigned after the company came under shareholder pressure for a board shake-up...
AUB widens UK reach with AR group partnership
17 June 2024
AUB Group has taken a “key step” in expanding its retail broking footprint in Britain, with plans to acquire a 40% stake in authorised representative network Momentum Broker Solutions...
IAG to defend loyalty pricing class action
03 June 2024
IAG will fight a class action launched over home and contents loyalty discounts, saying its businesses have delivered on promises made to customers...
Tower swings to H1 profit
03 June 2024
New Zealand insurer Tower says it is “well positioned” after achieving a profit of $NZ36 million ($33.26 million) in the half-year to the end of March...
Industry giants help tackle 'pervasive' financial abuse
03 June 2024
Insurers IAG and Suncorp have joined the Respect and Protect national initiative to combat a rise in financial abuse...
Club Marine makes ‘exciting’ PDS changes
03 June 2024
Boat insurer Club Marine has made changes to its product wordings following a review of policy guidelines and terminology...
Board of ‘seasoned experts’ to guide Steadfast’s ISU
27 May 2024
Steadfast’s US insurance agency network, ISU Group, has set up a new advisory board...
IAG’s cyber agency names underwriting chief
27 May 2024
IAG has appointed Con Bakas as chief underwriting officer for its new Cylo initiative...
AUB continues agency push with Pacific Indemnity purchase
27 May 2024
AUB has moved to plug a gap in its underwriting agencies portfolio by buying a 70% stake in Australian financial lines business Pacific Indemnity...
Axa XL shipping head joins Agile syndicate
27 May 2024
Axa XL’s head of hull for the UK and Lloyd’s David Hughes will become head of marine and deputy active underwriter at Agile’s new Lloyd’s syndicate...
NZUAC president takes role at NM Insurance
27 May 2024
NM Insurance has appointed Andrew McFetridge as executive director for New Zealand, tasked with growing the team and expanding distribution networks in marine and motorcycle insurance...