Westpac considers getting out of insurance
04 May 2020
Westpac is open to selling its general and life insurance businesses as the lender looks to put in more resources to rebuild its core banking operations...
Corporate
Aviva executive named as new Tower CEO
04 May 2020
Tower Insurance announced today it has appointed London-based Aviva executive Blair Turnbull as CEO, taking over from Richard Harding...
PSC businesses 'showing resilience'
04 May 2020
PSC Insurance Group has retained an upbeat outlook despite the immediate challenges posed by the current economic situation...
IAG gives Help to home, motor customers
04 May 2020
IAG has introduced a "Help Program" for personal lines customers, offering tailored solutions to address the individual needs of policyholders who have been financially affected by the pandemic-triggered economic slump...
Genworth to conduct virtual AGM
04 May 2020
Genworth will hold a virtual AGM on Thursday to keep shareholders safe from COVID-19 and comply with health guidance and public gathering restrictions...
Viral advantage: Flamingo sees boost in interest
04 May 2020
Insurtech Flamingo says the coronavirus crisis has heightened interest in its products as employees are forced to work from home...
Gallagher Bassett steps up virus response with new hiring plans
04 May 2020
Gallagher Bassett has embarked on a recruitment drive for experienced staff in response to the growing demand from insurance clients for support services during the pandemic crisis...
Culture ratings platform announces partnership
04 May 2020
The Workability Index, a corporate culture ratings platform that measures companies’ organisational culture and transparency, has announced a partnership with risk management advisory firm Riskcom...
Steadfast nine-month revenue rises 26%
27 April 2020
Steadfast’s nine-month revenue has risen 25.8% to $597.9 million, the company says in a trading update prompted by coronavirus outbreak uncertainties...
Insurers move to ease customers’ car premiums, cash problems
27 April 2020
RACQ Insurance is the latest personal lines insurer to introduce concessions to reflect reduced driving during the COVID-19 lockdown...
NZ insurers respond as motor use and claims drop
27 April 2020
New Zealand insurer Tower says it is working on a refund plan of “unprecedented” scale for its motor policyholders to reflect lower car use and claims during the country’s strict social distancing measures...
Bessell joins AUB as Q3 earnings jump
27 April 2020
AUB Group has reported a 25% rise in third-quarter earnings and announced the appointment of former IAG executive Ben Bessell as Austbrokers Chief Broking Officer...
Suncorp fast-tracks digital claims solutions
27 April 2020
Suncorp says it has enhanced digital solutions to ensure claims – including those from the summer’s bushfire catastrophe – are not slowed down by COVID-19 restrictions...
Cyclone Harold could cost Tower $9 million
27 April 2020
New Zealand insurer Tower has estimated Cyclone Harold, which swept through several Pacific island groups earlier this month, could financially impact its business by $NZ8-10 million...
Bringing it back home: IAG hires 400 new staff
27 April 2020
IAG has recruited an additional 400 staff to work across customer service, sales and claims, with a quarter seconded from RACV resorts, clubs and retail stores...
Ensurance sets up to ‘accelerate’ as restructure completed
27 April 2020
Underwriting agency Ensurance will focus on growing its UK business going forward after the business completed a two-year restructuring exercise that included the divestment of non-core operations...
Stream software product upgrade delayed
27 April 2020
Claims and insurtech specialist Stream Group says an upgrade to its core software product has been delayed, while it is also seeing low volume in its major New Zealand market...
Transport and logistics are essential services, NTI says
27 April 2020
Australia’s largest specialist insurer, NTI Ltd, has been working with the Government to help ensure delivery of essential goods like medicine and groceries during the coronavirus crisis...
Colleagues heap praise on IAG’s Harmer
20 April 2020
A flood of goodwill towards IAG MD and CEO Peter Harmer has followed the announcement of his plan to retire at the end of the year...
QBE raises $1.2 billion, set to open retail offer
20 April 2020
QBE has completed its $US750 million equity placement and will tomorrow open a retail share purchase plan as part of a capital-raising to strengthen its defences through current economic and market uncertainty...