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Corporate

Suncorp earnings rise as improvements pursued

15 February 2021

Suncorp earnings increased in the first half as higher premiums contributed to gains and the company says improvements it’s making in underwriting, distribution and claims will drive future growth...

Suncorp ends consumer sales through Vero

15 February 2021

Vero will no longer sell consumer and construction insurance through Australian brokers after moves to improve the performance of the business segments did not deliver required results for parent company Suncorp...

Genworth GWP jumps 30%, ready to withstand future claims

15 February 2021

Gross written premium at Genworth Mortgage Insurance jumped almost a third to $561.7 million last year and the lenders mortgage insurance heavyweight says it is ready for an expected surge in claims this year as stimulus support measures taper off...

Blue Zebra expands SME product to more occupations

15 February 2021

Underwriting agency Blue Zebra has announced the expansion of its SME Business Insurance offering to more occupations after the product received a strong response following its launch last November...

Motor warranty class action settled for $9.5 million

08 February 2021

Members of a motor warranty class action have agreed to settle the lawsuit for $9.5 million, significantly lower than the $47.6 million they were seeking from Davantage Group, a subsidiary of listed fleet leasing company McMillan Shakespeare...

PSC in upbeat mood ahead of earnings results

08 February 2021

PSC MD Tony Robinson says he is delighted with the way the business is performing ahead of the release later this month of the group’s financial results for the six months to December 31...

Network Insurance Group expands with Gold Coast acquisition

08 February 2021

Network Insurance Group has further expanded its presence in Queensland with the acquisition of long-term Burleigh Heads-based brokerage Australian Insurance Solutions, and says it has plans for continued growth in the Sunshine State...

Sedgwick acquires New Zealand engineering firm

08 February 2021

Global loss adjuster Sedgwick has paid an undisclosed amount for Thurlow Consulting Engineers, a privately held New Zealand business that specialises in professional civil and structural engineering services...

Premium Funding, Principal Finance set to combine

01 February 2021

Premium Funding and Principal Finance are set to merge under a new ownership arrangement that will also see private equity investor Pemba Capital Partners taking a key stake...

Howden names leaders for Australian brokerage

01 February 2021

International group Howden has appointed former Marsh and JLT leaders Andre Louw and Igor Fijan to key roles for the new Australian brokerage it announced last month...

Austbrokers Corporate CEO resigns

01 February 2021

Austbrokers Corporate CEO John Mutton has resigned, with AUB Group’s Chief Broking Officer Ben Bessell taking on the position while a recruitment process is carried out...

Hosking leaves as Allianz sharpens customer focus

01 February 2021

Allianz Australia has introduced a new operating model centred on Consumer, Commercial and Workers’ Compensation divisions and has announced the departure of Chief GM Broker and Agency David Hosking as part of the changes...

Nexus Advisernet formed after equity deal

01 February 2021

Insurance Advisernet’s joint-equity vehicle IA Equity Partners is investing in WA broker Nexus Risk Services in a transaction intended to boost its distribution network...

QBE, IAG finalise reinsurance programs

01 February 2021

QBE has raised its net catastrophe allowance this year to $US685 million, up from $US550 million last year while finalising a reinsurance program that reflects heightened frequency...

PSC sets up Irish subsidiary for post-Brexit EU

01 February 2021

PSC Insurance Group has registered a newly created subsidiary with the Central Bank of Ireland, a move that will allow its UK broking arms to continue serving clients in the European Union post-Brexit...