Daily
Suncorp drives home its case against state intervention
06 September 2019
Suncorp has hammered home the case against Government intervention in the northern Queensland insurance market and says overseas examples aren’t a template for local solutions...
Administrator sets deadline for Sportscover owner
06 September 2019
The future of Wild Goose Holdings, the owner of Sportscover Australia, will be decided at the next reconvened second meeting of creditors on October 29...
Gear change: driverless cars spark new directions for insurance
06 September 2019
Demand for “on-the-go” motor cover is set to rise as driverless cars become mainstream, according to a global law firm which commissioned a study into how autonomous vehicles could change the transport landscape, including in Australia...
Tragic death of highly regarded Allianz manager
05 September 2019
Donna Walker, Allianz Australia’s Chief Technical Officer, has died suddenly while holidaying in Africa...
Victorian councils mount another JLT class action
05 September 2019
JLT is facing a second class action brought by local councils, with law firm Quinn Emanuel Urquhart & Sullivan filing a writ in the Victorian Supreme Court after already launching a similar case in NSW...
Pulse check: reforms could impact on industry earnings
05 September 2019
The raft of reforms being planned for the industry could have earnings implications for general insurance providers, actuaries Taylor Fry say in a report...
Suncorp may put ACM Parts up for sale
04 September 2019
Suncorp is reportedly considering the future of its ACM automotive parts business as it continues to review its operations and sharpens its insurance and banking focus...
Destructive Dorian: insurers on standby for the worst
04 September 2019
Hurricane Dorian is now lashing the Florida coast after devastating the Bahamas and is expected to inflict “significant” losses on the insurance industry...
S&P suggests reinsurers might need a new playbook
04 September 2019
S&P Global Ratings has questioned if reinsurers are “complacent in their centuries-old industry” as they battle the commoditisation of their business and the rise of alternative capital that is “nibbling” at their margins...
Former Chubb chief takes on broker-facing role
03 September 2019
John French has been appointed Chubb’s Head of Global Brokers, Australia & New Zealand, the insurer announced today...
Lloyd’s syndicate quits Asia, but Australia not affected
03 September 2019
Lloyd’s syndicate ArgoGlobal has announced plans to withdraw from Asia in a bid to return the business to profitability after another year of losses...
Battling fraud: Kiwis step up the fight
03 September 2019
New Zealand’s insurance industry has launched a fraud-fighting bureau to prevent crimes estimated to cost insurers up to $NZ614 million ($576 million) a year...
Hayne royal commission a ‘tidal wave’ for insurers
30 August 2019
The Hayne royal commission has been likened to a “tidal wave” that struck the insurance industry, unleashing proposals that will impact on the industry in coming years, according to a leading insurance lawyer...
Done deal: PSC gains approval to buy Lloyd’s broker
30 August 2019
PSC Insurance Group has gained approval from the UK Financial Conduct Authority for its £42 million ($76.1 million) acquisition of London-based Lloyd’s broker Paragon International...
Poll finds general insurance is ‘most trusted’ financial service
30 August 2019
More consumers trust the general insurance industry than any other financial services industry, a survey says...
Aon denies former partner’s ‘blatant poaching’ claim
29 August 2019
Aon Australia has been accused by an association that terminated its insurance partnership of “blatantly and deceptively poaching” its members – a charge the giant broker has rejected...
Protesters demand AIG avoid Adani
29 August 2019
Demonstrators in Sydney today handed AIG a petition demanding the insurer publicly declare that it won’t insure the controversial Adani coalmine project in central Queensland...
IAG flood modelling impacts Coles Insurance
29 August 2019
Flood modelling revisions by IAG are causing subsidiary brand Coles Insurance to cease providing cover for some home policy customers in high-risk locations...
Dual fraudster had prior case of financial deception
28 August 2019
Former Dual Australia claims manager Josie Gonzalez pleaded guilty to gaining financial advantage by deception when she was just 21, decades before she and her husband Alvaro were found guilty of defrauding the underwriting agency of $17.4 million...
Bushfire outlook: ‘active season’ looms as dry, warm spell persists
28 August 2019
Unusually warm and dry conditions since the start of the year have worsened the outlook for the upcoming bushfire season, according to an update released today...