AUB enters partnership with accounting group
07 December 2020
AUB Group has entered into a joint venture with accounting and tax services network group Kelly+Partners that will also involve future equity investments...
Corporate
Australia ‘behind the curve’ on pay-as-you-go motor cover
07 December 2020
Insurtech Gateway Australia and the Hunter Equity Group have backed car insurance disruptor Koba’s kilometre-based cover proposal in a $250,000 funding tier...
Assetinsure appoints new chair
07 December 2020
Sydney-based Assetinsure director Julie Osborne will take over as Chair of the company from industry veteran Hans Sprangers...
Tower brings Club Marine’s clientele aboard
07 December 2020
Tower Insurance has entered a referral agreement for Club Marine’s pleasurecraft insurance customers which it says could bring it an additional $NZ8 million in gross written premium...
Xceedance expands actuarial practice
07 December 2020
Boston-based insurance consulting firm Xceedance, which has operations in Australia, has announced the expansion of its global actuarial and analytics services practice...
Codafication unveils claims processing tool
07 December 2020
Brisbane-based technology start-up Codafication has launched a software solution designed to improve efficiencies in insurance claims processing...
PSC on the prowl for new local and UK acquisitions
30 November 2020
PSC Insurance Group has received binding commitments from investors to support its $60 million capital-raising to fund new broking acquisitions...
Blue Zebra rolls out SME offering
30 November 2020
Underwriting agency Blue Zebra has completed the full-scale launch of its new SME Insurance product, following a successful test run...
IAG cuts motor claims processing time with AI tool
30 November 2020
IAG says using artificial intelligence has rapidly reduced the time it takes to process a claim for a total motor loss to just a few days from three weeks previously...
Suncorp speeds up claims with commitment to virtual assessments
30 November 2020
Suncorp announced today it will permanently use virtual assessment technology following severe weather events to support claims processing...
IAG joins Suncorp and Tower to settle quake claims with EQC
30 November 2020
IAG has reached an agreement with New Zealand’s Earthquake Commission to settle the division of claims costs resulting from the 2010 and 2011 Christchurch earthquakes...
Tower says business is strong despite headwinds
30 November 2020
New Zealand’s third-largest general insurer, Tower, achieved a 23% jump in annual underlying profit to $NZ34.7 million and plans to launch new marine and pet products soon...
IAG completes first stage of $750 million capital-raising
23 November 2020
IAG has completed the first stage of a $750 million capital-raising triggered after the NSW Court of Appeal last week ruled against insurers on a business interruption exclusion for COVID-19...
PSC enters trading halt, flags capital-raising
23 November 2020
PSC Insurance Group shares were placed in a trading halt this morning pending an announcement in connection with a capital raising...
Johns Lyng CEO sees strata work opportunity as ‘simply huge’
23 November 2020
Building services provider Johns Lyng says a key focus this year is developing its building and restoration services platform for strata insurers...
Blue Zebra set to launch SME offering
23 November 2020
Underwriting agency Blue Zebra is set to launch its SME product this week, having already rolled out commercial motor...
Suncorp-EQC deal paves way for Canterbury settlement
23 November 2020
Suncorp will move to settle cost allocations for claims arising from the 2010 and 2011 Canterbury earthquakes after reaching an agreement with New Zealand’s Earthquake Commission...
Suncorp BI claims provision rises to $195 million
16 November 2020
Suncorp has increased its total provision for COVID-related business interruption claims to $195 million after estimating Victoria’s second lockdown could have a much greater impact than earlier closures…
‘Strong momentum’ in Q1 buoys AUB
16 November 2020
AUB Group has lifted its earnings outlook after kicking off the new financial year with “strong momentum” in the first quarter…
New Cover-More CEO prepares for travel recovery
16 November 2020
Cover-More CEO Cara Morton says the travel insurer is set to take an innovative approach to the products and services it offers as domestic and international restrictions ease…