Large asset management firm invests in Genworth
21 February 2022
NYSE-listed Ares Management has acquired a minority stake Genworth Mortgage Insurance Australia...
Corporate
IAG raises GWP guidance after first-half results
14 February 2022
IAG has adjusted upwards its gross written premium guidance for this financial year as MD and CEO Nick Hawkins says the business is on the right track, following its first-half earnings results...
Natural catastrophes hit Suncorp half-year earnings
14 February 2022
Natural catastrophe claims and lower investment market returns reduced Suncorp first-half earnings, offsetting pricing gains that underpinned a jump in gross written premium...
Suncorp NZ calls for resilience action after wild weather
14 February 2022
Suncorp New Zealand CEO Jimmy Higgins has urged more action to build resilient communities in the face of weather events that are increasingly causing damage...
Ensurance announces investor webinar after strong Q2
14 February 2022
Ensurance CEO Tom Kent will hold an investor webinar on Wednesday at 12pm...
'86K for a cure': Steadfast backs kids cancer fundraiser
14 February 2022
Steadfast Group is aiming to raise at least $5000 as part of its support for next month’s charity event, 86K for a Cure, by the Children’s Cancer Institute...
Simon Lightbody departs Steadfast Underwriting Agencies
07 February 2022
Steadfast Underwriting Agencies CEO Simon Lightbody has stepped down from the management role but will continue as a non-executive director on the SUA subsidiary boards...
QBE names Australia Pacific underwriting chief
07 February 2022
Former QBE executive Andrew Ziolkowski has rejoined the insurer as Chief Underwriting Officer for Australia Pacific...
Genworth says net claims remain favourable
07 February 2022
Genworth Mortgage lnsurance Australia says favourable claims conditions continued in the fourth quarter amid high property price growth, a fall in delinquencies and low numbers of mortgages in possession...
QBE joins UN-convened insurance climate group
07 February 2022
QBE Insurance says it is now a member of Net-Zero Insurance Alliance, a United Nations-convened bloc that brings together insurers and reinsurers to support the green transition...
HBA Legal launches employment law and industrial relations practice
07 February 2022
Crawford-owned HBA Legal has expanded its offerings with the launch of an employment law and industrial relations practice...
Canstar crowns Budget Direct Insurer of the Year
07 February 2022
Budget Direct has won comparison site Canstar’s inaugural Insurer of the Year Award, recognising its strong combination of insurance products and customer satisfaction...
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...
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...