Sportscover sells European operations
17 May 2021
Australia-headquartered niche underwriting agency Sportscover has sold its European businesses to enable a greater focus on expansion in Asia...
Corporate
Ensurance buys financial lines underwriter
17 May 2021
Ensurance has acquired TK Specialty Risks, a professional and financial lines-focused underwriting agency with a network of more than 70 brokers across the country...
Suncorp fills newly created Group Executive role
17 May 2021
Suncorp is searching for a new Chief Risk Officer after the promotion of Fiona Thompson to the new role of Group Executive, People, Culture & Advocacy...
Tower lowers profit guidance as claims costs rise
17 May 2021
Tower has lowered its earnings guidance for this year due to an increase in large house claims, building inflationary pressures and reduced investment income...
Axa XL continues to write ransomware cover locally
17 May 2021
Axa XL says it continues to write ransomware in the Asia Pacific despite Paris-based Axa Group taking a decision to no longer offer cover for ransom payments in France...
CHU targets 'build to rent' property trend
17 May 2021
Strata specialist CHU has launched a product designed specifically for “build-to-rent” properties as the development style gains traction in Australia...
AUB 'performs strongly' in third quarter
10 May 2021
AUB Group says it performed strongly in the third quarter with Austbrokers premium rate increases of 5.9% at the top end of its estimated range and margin improvements flowing from the network consolidation strategy...
Steadfast gives more details on year-to-date performance
10 May 2021
Broking network Steadfast Group has provided further details on how its business performed so far in this financial year at a Macquarie Conference last week...
Allianz Partners returns to travel cover
10 May 2021
Allianz Partners is returning to the travel insurance market after revamping its policies and including cover that takes account of COVID-19 border-closure risks...
Gallagher acquires Canberra broker
10 May 2021
Gallagher has acquired Canberra-based Mutual Brokers for an undisclosed sum, further accelerating its presence in the Australian market...
Allianz launches 'behind you for what's ahead' campaign
10 May 2021
Allianz Australia has launched an advertising campaign that features the theme “behind you for what’s ahead” as the global insurer refreshes its brand...
QBE puts year-to-date net cat cost at $334 million
10 May 2021
QBE Insurance Group says the massive flooding in the Hawkesbury-Nepean River region and parts of Queensland, deep winter freeze in the US state of Texas and other natural disasters have led to a net catastrophe cost of $US260 million so far this year...
McLardy McShane adds ARs in three states
10 May 2021
McLardy McShane has added seven corporate authorised representatives in WA, Victoria and Queensland as part of its national expansion...
D&O modelling service brings 'new insights' on potential class action risk
10 May 2021
A new shareholder class action exposure modelling service launched last week by Aon will offer “new insights” to clients of potential risk, according to the broker...
Hollard’s Enthoven explains new role
03 May 2021
The Hollard Insurance Company’s outgoing CEO Richard Enthoven says the executive changes announced last week are part of an “adapt and change” mindset that is key to ensuring the business continues to grow strongly in the Australian market...
Steadfast races ahead of earnings guidance
03 May 2021
Steadfast Group has again raised its earnings guidance for this financial year as the business continues to perform ahead of expectations...
Suncorp sells wealth business as it hones focus
03 May 2021
Suncorp has sold its Australian wealth business for $45 million as the company simplifies its portfolio and hones its focus on its core insurance and banking operations...
Genworth watching bank lending data as claims uncertainty persists
03 May 2021
Genworth Mortgage Insurance says it is working closely with its lender customers and will carefully monitor home loan data over the course of this year as uncertainty over the claims outlook persists...
Willis Towers Watson commits to reconciliation plan
03 May 2021
Willis Towers Watson has committed to an Aboriginal and Torres Strait Islander Reconciliation Action Plan as part of the firm’s local response toward elevating diversity and inclusion...
AM Best affirms Tower’s A- credit rating
03 May 2021
AM Best has affirmed Tower New Zealand’s A- rating and stable outlook, reflecting a “very strong” balance sheet, adequate operating performance, neutral business profile and robust enterprise risk management...