Daily
Fire, heatwave risk rises as weather conditions worsen
03 October 2019
The Bureau of Meteorology says damaging fires and deadly heatwaves could strike early this year as weather systems combine to create tinderbox conditions...
GT Insurance names new CEO
02 October 2019
Allianz subsidiary GT Insurance has announced Deputy CEO Tony Dodd will take on the CEO role in January after MD Glenn Lambert retires at the end of the year...
ASIC consults on add-on reforms
02 October 2019
The Australian Securities and Investments Commission has released a consultation paper outlining its product intervention power enforcement plan for add-on insurance cover sold by car dealers...
Chubb appoints claims head
02 October 2019
Chubb has appointed Simon Priebbenow as Head of Claims, Australia and New Zealand...
PI crisis worsens as surveyors urge governments to act
01 October 2019
The Australian Institute of Building Surveyors has hit out at governments over slow progress in tackling the professional indemnity insurance crisis...
Suncorp sells crash repair, auto parts businesses
01 October 2019
Suncorp has sold its Capital Smart crash repair and ACM Parts businesses to AMA Group following a strategic review, with the deal valuing the combined businesses at $440 million...
Munich Re to launch Lloyd's first 'syndicate-in-a-box'
01 October 2019
Munich Re will launch the first Lloyd’s “syndicate-in-a-box” and the market will next year start testing an electronic risk exchange for less complex covers as part of a major transformation program...
All on board: Steadfast completes IBNA takeover
27 September 2019
Steadfast says all Insurance Brokers Network Australia (IBNA) shareholders have accepted its takeover offer, paving the way for a significant boost to its operations...
Lloyd’s stung into action by ‘ugly’ scale of sexual harassment
27 September 2019
Lloyd’s has vowed to clean up its act after a workplace survey has revealed what CEO John Neal says are “ugly” levels of inappropriate conduct aimed at women employees...
EQC inquiry hears of “deep mistrust”
27 September 2019
Many New Zealanders who have made claims after a catastrophe feel a “deep mistrust” of the Earthquake Commission, private insurers and the building industry...
Bank pays 50% for homeowner who failed to buy insurance
26 September 2019
A determination by the Australian Financial Complaints Authority (AFCA) has forced a bank to pay half the losses suffered by a homeowner who failed to put insurance in place before a fire...
Digital spend will reap rewards, says Suncorp CEO
26 September 2019
Suncorp’s priorities this year are improving performance, strengthening trust, reaping the benefits of technology investments and driving operational efficiency, CEO Steve Johnston said today...
Climate change: deadly heatwaves set to soar
26 September 2019
Global warming could see heatwaves – which kill more Australians than any other natural disaster – triple in frequency and last longer by 2060...
Conflicting view: Allianz pushes for reinsurance pool
25 September 2019
Allianz remains at odds with the industry view on disaster reinsurance pools, arguing that a “well-designed facility” could push down premium costs in northern Australia...
NZ flags moves to bar sales incentives and target add-ons
25 September 2019
Remuneration built around sales targets will be prohibited as part of the New Zealand Government’s plans for a new financial services sector-wide conduct regime to improve consumer outcomes...
'Pitching a tent in a hurricane': code revamp nears sign-off
25 September 2019
The final revamped General Insurance Code of Practice is set to be presented for Insurance Council of Australia board approval at the end of next month, following a lengthy review that ran into the Hayne royal commission...
Northern Australia: mitigation is the answer, APRA says
24 September 2019
Investing more in public mitigation measures is the only way the “root cause” of northern Australia’s insurance affordability woes can be sustainably addressed, the Australian Prudential Regulation Authority says...
Youi set to exit NZ market
24 September 2019
Youi has agreed to sell its New Zealand home, contents and motor portfolio to No. 3 insurer Tower for $NZ13 million...
Rising claims costs an issue post-Townsville
24 September 2019
Rising water damage repair costs and the impact of claims preparers have emerged as issues for the industry in the wake of the Townsville floods this year, the annual Claims Convention was told today...
Allianz plans Sydney memorial service for Donna Walker
20 September 2019
Allianz will hold a special memorial service on Monday for Chief Technical Officer Donna Walker, who died while holidaying in East Africa earlier this month...