Daily
Insurer offers no-excess roo crash cover
13 June 2019
Insurtech disruptor Huddle, which sells products underwritten by Hollard, has launched an excess-free cover specifically for vehicle collisions with kangaroos...
Dual fraud trial: prosecution opens case against couple
12 June 2019
Former Dual Australia employee Josie Gonzalez and her husband Alvaro Gonzalez submitted more than 400 fraudulent invoices to con the underwriting agency out of $17.4 million, prosecutors claimed today...
AUB cuts its earnings outlook
12 June 2019
AUB Group today lowered its earnings guidance for the current financial year, citing weaker than expected performance from its strata portfolio and risk services division...
Insurers accused of selling travel cover with illegal exclusions
12 June 2019
Travel insurers have been accused of breaking the law by selling travel insurance with blanket mental health exclusions, and then failing to indemnify customers...
Sound of silence: ESL Monitor's reports go missing
07 June 2019
Quarterly reports from NSW Emergency Services Levy Monitor Allan Fels have dried up – despite a legal requirement for them to be published on time...
Allianz Global reviews local operations
07 June 2019
Allianz Global Corporate & Specialty is reviewing its long-tail business in Australia, and all lines in New Zealand...
ICA rejects Tasmania's 'uninsurable' claim
07 June 2019
A Tasmanian council’s claim that climate change has made several beachside houses uninsurable has been rejected by the Insurance Council of Australia...
NSW taxes ‘forcing businesses out of insurance’
06 June 2019
Industry fears are coming true, as soaring NSW taxes force business owners to drop or reduce insurance cover...
QBE 'customer focus' head departs for new role
06 June 2019
QBE’s new Global Market Management team has lost its inaugural chief, with Uwe Schoberth leaving the company to join AIG...
Wellington sensors tackle earthquake risk
06 June 2019
Seismic data sensors are being installed in Wellington buildings as part of efforts to make the New Zealand city more resilient to earthquake risk...
Liberty-backed agency targets north Queensland
05 June 2019
Queensland’s cyclone-prone north will be targeted by a new insurance agency that plans to enter the market next month...
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...