Daily
Assetinsure looking to ‘bright future’ under new owner: CEO
05 June 2019
Sydney-based Assetinsure is confident it has a “bright future” under new owner Lombard Australia, which acquired the business for an undisclosed price from failed New Zealand insurer CBL Corporation...
EQC locks in $6 billion NZ reinsurance
05 June 2019
New Zealand’s Earthquake Commission has increased its reinsurance program to $NZ6.2 billion ($5.9 billion) for the policy year that started this month...
Chinese insurer deal sparks UFI caution call for brokers
04 June 2019
Retail brokers have been cautioned against “creating a liability for themselves” by placing business via capacity sourced from unauthorised foreign insurers (UFIs)...
icare highlights rising medical costs
04 June 2019
Insurance and Care NSW (icare) says rising medical costs will be a key focus as an auditor's report for the state’s workers' compensation scheme shows a significant increase in payments to private hospital services...
Taking off: Gallagher seals $345m purchase of JLT aviation arm
04 June 2019
Gallagher has formally taken ownership of JLT’s global aerospace broking portfolio, including operations in Australia and New Zealand...
BJS partners with NSW brokerage
31 May 2019
Melbourne-based brokerage BJS and Gary Morton Insurance Brokers in Hurstville, NSW, have entered into a partnership agreement...
Aon partners with insurtech to launch SME platform
31 May 2019
Aon has launched a digital platform dedicated to the insurance needs of Australian SMEs in partnership with New York-based insurtech CoverWallet...
Reserve Bank wades in to NZ risk pricing debate
31 May 2019
The Reserve Bank of New Zealand is engaging with insurers and reinsurers to better understand premium changes in high-risk areas such as Wellington...
Profiling for profit: consumer group’s artificial intelligence warning
30 May 2019
Artificial intelligence could lead to insurance customers being “profiled for profit” and subjected to increasing pricing discrimination, the Financial Rights Legal Centre says...
ASIC backs clear mitigation action pricing
30 May 2019
The Australian Securities and Investments Commission has supported clearly linking mitigation steps by householders with premium reductions to address affordability issues in the nation’s north...
Airports risk inundation as sea levels rise
30 May 2019
Australian airports and coastal infrastructure only metres above sea level could be at risk of inundation this century as emerging science suggests climate change impacts may happen earlier than expected, researchers at Risk Frontiers and Macquarie University say...
ACCC 'has no evidence' of broker commission problems, says NIBA
29 May 2019
The National Insurance Brokers Association says the Australian Competition and Consumer Commission has provided no evidence to show that commissions it wants banned are causing harm to consumers...
New code 'should include Hayne reforms'
29 May 2019
Actuarial consultant Finity has urged the industry to include in its code the Hayne royal commission’s list of recommendations that apply to general insurance products...
Protecting communities: new flood data released
29 May 2019
Flood modellers have been given access to “more reliable and robust data than ever before”, following the release of a major update...
Analysts say Suncorp CEO’s exit ‘wasn’t a surprise’
28 May 2019
Financial analysts say Suncorp’s decision to part ways with CEO Michael Cameron reflects market concerns that the company has failed to live up to its potential or to clearly articulate its strategy under his leadership...
Allianz cuts key lines from NZ commercial market
28 May 2019
Allianz has axed three major commercial insurance lines from its New Zealand operations after a strategic review...
Townsville mayor wants case study on floods to fix premium woes
28 May 2019
A case study of the Townsville floods disaster could help the Australian Competition and Consumer Commission with its ongoing inquiry into the north’s insurance affordability problem, the city council says.
Talbot announces closure of Australian office
24 May 2019
Talbot Underwriting is shutting down its only Australian office in Sydney, and will service renewals through its Singapore and London branches, the AIG-owned agency confirmed today...
NIBA unveils Victoria/Tasmania award winners
24 May 2019
Avi Tatarka of Scott Winton Insurance Brokers in Melbourne has won the National Insurance Brokers Association’s top honour for the southern region...
Shopping around but sticking around: fewer people switch insurers
24 May 2019
More customers are comparing providers before renewing their insurance policies, but fewer are deciding to switch after looking at the alternatives, according to Roy Morgan Research...