Daily
Trade credit claims spike points to growing insolvency risk
25 January 2019
The economy could see more businesses becoming insolvent, with the number of trade credit insurance claims shooting up 41% in the December quarter from a year earlier...
Insurers back light-touch CTP changes for driverless cars
24 January 2019
Insurers are mostly favouring minimum changes to compulsory third party (CTP) schemes in preparation for driverless cars, while WA’s state-owned authority has taken a different stance and says new solutions are needed…
All change at Marsh as JLT chief takes Leney’s Pacific role
24 January 2019
Marsh and JLT are working through further appointments for the Australian businesses after new roles for Nick Harris and Scott Leney were announced in the wake of a takeover deal set to be completed within months…
No reprieve for reinsurers in January renewals
24 January 2019
Another tough year looms for reinsurers after the sector failed to achieve significant rate rises in the January renewal season…
Firing back: ESL Monitor rejects ‘loyalty tax’ attack
23 January 2019
The NSW Emergency Services Levy Insurance Monitor has fired back at the Insurance Council of Australia over its claim that the organisation is exceeding its mandate...
NZ deal is AUB’s ‘largest acquisition’ yet
23 January 2019
AUB Group has confirmed details of its biggest acquisition to date “in dollar terms” across Australia and New Zealand...
ICA sets up climate change action group
23 January 2019
The Insurance Council of Australia is stepping up its efforts to manage the impact of climate change on the industry and communities, amid stark warnings...
Berejiklian drops another shot at ESL reform
22 January 2019
The NSW Government has rejected introducing a property-based levy to fund emergency services if it wins the March election...
Welcome to 2019: it’s going to be a ‘challenging’ year
22 January 2019
This year will see difficult conditions for many insurance buyers as the market continues to harden and underwriters pull out of certain classes, broking leaders have warned...
Is standard cover the answer to consumers’ PDS blues?
22 January 2019
A revised and improved standard cover regime could do away with the discredited product disclosure statement, a leading broker advocate says...
Where the money went: The 10 biggest causes of claims
14 December 2018
Aviation-related claims are the biggest driver of insured losses in Australia, according to an Allianz Global Corporate & Specialty annual report...
NZ extreme weather losses near historic highs
14 December 2018
New Zealand is counting the mounting cost of extreme weather, with insured losses this year reaching the second-highest total since full-year records began in 1969...
Crawford names new Australian business chief
14 December 2018
Loss adjuster Crawford & Company has appointed Tim Jarman as President Australia following the promotion of Andrew Bart to a global role.
EML makes rocky start in NSW workers’ comp role
13 December 2018
EML’s performance as the NSW workers’ compensation scheme agent has been criticised in a statutory review that highlights rising complaints...
Industry moves: Blue Zebra completes double swoop
13 December 2018
Underwriting agency Blue Zebra has raided QBE and Marsh to appoint two regional managers as it continues to grow...
Global warming: ‘extreme’ El Nino events looming
13 December 2018
New research shows that climate change will lead to more extreme and frequent El Nino events, which could lead to more severe impacts on Australia...
QBE is on the right path, say analysts
12 December 2018
QBE’s cost-cutting plan and new reinsurance program have largely received a tick from analysts, but lingering caution remains over the delivery of performance improvements...
Hayne fallout: NIBA worries brokers could take a hit
12 December 2018
The National Insurance Brokers Association is worried brokers could be caught up in the Hayne royal commission’s final report detailing ways to reform the financial services sector...
Terror pool loses bid to expand into cyber
12 December 2018
A review of Australia’s terrorism reinsurance pool says the scheme should continue, but has rejected a proposed extension to include cyber terrorism...
QBE targets $180 million in cost cuts
11 December 2018
QBE is targeting cost savings of $US130 million ($180 million) under a three-year efficiency program announced today...