Tower GWP rises 8% in first four months
17 February 2020
New Zealand insurer Tower says gross written premium rose 8% in the first four months of its financial year, and the company remains on track to achieve full-year guidance...
Corporate
AM Best affirms Hollard’s A-rating
17 February 2020
AM Best has affirmed Hollard Australia’s credit ratings and says the outlook is stable, reflecting a strong balance sheet, adequate operating performance and appropriate risk management...
IAG ramps up digital focus with new division, exec shuffle
10 February 2020
IAG has created a new Strategy & Innovation division to further strengthen its technological edge...
Swiss Re deal will support ProRisk expansion plans
10 February 2020
Swiss Re Corporate Solutions will provide capacity for Professional Risk Underwriting as the agency pursues plans to expand its business...
Willis Towers Watson hires Suncorp’s Matteson
10 February 2020
Willis Towers Watson has hired Adam Matteson as Head of Richard Oliver Underwriting Managers, a Melbourne-based business it acquired in the mid-1990s...
Genworth profit rides local housing rise
10 February 2020
Genworth Mortgage Insurance Australia posted underlying net profit of $97 million in 2019, as favourable market conditions spurred housing market activity, especially in the second half when gross written premium rose 29%...
Ex-CBL boss pleads not guilty to fraud charges
10 February 2020
Former CBL Insurance CEO Peter Harris has pleaded not guilty to criminal charges over his alleged actions that led to the liquidation of the New Zealand insurer in November 2018...
PSC buys health and safety consultancy
10 February 2020
PSC Insurance Group announced today it will acquire the business assets of Ultimate Safety Solutions Australia, a Perth-based health, safety, environment and quality consultancy...
Blue Zebra continues underwriter discussions
03 February 2020
Blue Zebra is still working to secure a new underwriting partner after Zurich last month announced it will cease providing security for the underwriting agency’s personal lines and SME policies...
IAG leadership team loses second executive
03 February 2020
IAG Group Executive Strategy and Corporate Development David Harrington will step down at the end of next month...
Suncorp’s reinsurance will dampen summer impacts
03 February 2020
Suncorp says its full-year natural hazard costs should remain with a $820 million allowance given strengthened reinsurance protection, despite an “unprecedented” start to the summer catastrophe season...
IAG braces for earnings hit from hailstorm
03 February 2020
IAG has cut its earnings outlook for this financial year, citing last month’s hailstorm event as a key trigger for the downgrade...
AIG’s summer exodus continues
03 February 2020
AIG’s International General Insurance CEO Chris Townsend and Asia Pacific CEO Sachin Shah have left the insurer to “pursue other opportunities”...
HDI signs drone cover deal with insurtech
03 February 2020
HDI Global Specialty SE Australia has appointed Precision Autonomy to underwrite and accept commercial drone insurance under a new partnership...
New acquisition a ‘great addition’ to PSC broking business
03 February 2020
PSC Insurance Group has agreed to pay $1.56 million for the general insurance broking arm of Australian Unity...
Katherine Simmonds set for key Gallagher role
03 February 2020
Gallagher Australia’s new Head of Corporate Katherine Simmonds will start at the firm next month, after moving across from Willis Towers Watson...
Zurich names new appointments to leadership team
03 February 2020
Zurich has named three new appointments to its general insurance leadership team as part of its efforts to strengthen its underwriting and claims capability in the Australian and New Zealand markets...
Insurance House expands in northern Victoria
03 February 2020
Insurance House has acquired Shepparton-based O’Sullivan Insurance Brokers, expanding its presence in northern Victoria...
Genworth names incoming CEO
03 February 2020
KPMG Partner Pauline Blight-Johnston has been appointed CEO and MD of Genworth Mortgage Insurance Australia...
Willis Re reshuffles leadership pack
03 February 2020
Reinsurance broker Willis Re has named John Philipsz its new local CEO, as his predecessor takes on a broader role...