insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auListed broker chiefs highlight market slidehttps://www.insurancenews.com.au/the-broker/listed-broker-chiefs-highlight-market-slidehttps://www.insurancenews.com.au/the-broker/listed-broker-chiefs-highlight-market-slide<p>Steadfast says the market has reached the &ldquo;bottom of the barrel&rdquo; and AUB has called for insurer discipline following an acceleration in rate softening...</p>Thu, 27 Aug 2026 02:02:49 GMTMorrissey made AUB agencies headhttps://www.insurancenews.com.au/the-broker/morrissey-made-aub-agencies-headhttps://www.insurancenews.com.au/the-broker/morrissey-made-aub-agencies-head<p>AUB has appointed Denis Morrissey as underwriting agencies CEO following Angie Zissis&rsquo; retirement at the end of the last financial year...</p>Thu, 27 Aug 2026 01:59:57 GMTRalfi launches its AI renewal and claims assistant for insurance brokershttps://www.insurancenews.com.au/inside-information/ralfi-launches-its-ai-renewal-and-claims-assistant-for-insurance-brokershttps://www.insurancenews.com.au/inside-information/ralfi-launches-its-ai-renewal-and-claims-assistant-for-insurance-brokers<p>Ralfi is an Outlook assistant that helps insurance brokers manage the renewal and claims process...</p>Thu, 27 Aug 2026 01:55:27 GMTMunich Re to the rescue with tunnel collapse coverhttps://www.insurancenews.com.au/the-broker/munich-re-to-the-rescue-with-tunnel-collapse-coverhttps://www.insurancenews.com.au/the-broker/munich-re-to-the-rescue-with-tunnel-collapse-cover<p>Munich Re Specialty has added rescue cover for large tunnelling and underground infrastructure projects, in what it says is a first for the Lloyd&rsquo;s market...</p>Thu, 27 Aug 2026 01:41:37 GMTCo-insurance clause catches out restaurant landlordhttps://www.insurancenews.com.au/the-broker/co-insurance-clause-catches-out-restaurant-landlordhttps://www.insurancenews.com.au/the-broker/co-insurance-clause-catches-out-restaurant-landlord<p>A commercial property owner that sought a bigger payout for loss of rental income has failed to convince the industry ombudsman a co-insurance clause was unfairly applied...</p>Thu, 27 Aug 2026 01:38:57 GMT‘Stronger together’: MGA and Whittles hold first joint conferencehttps://www.insurancenews.com.au/the-broker/stronger-together-mga-and-whittles-hold-first-joint-conferencehttps://www.insurancenews.com.au/the-broker/stronger-together-mga-and-whittles-hold-first-joint-conference<p>More than 300 brokers, strata professionals, industry partners and thought leaders attended the MGA Whittles Conference last week on the Gold Coast...</p>Thu, 27 Aug 2026 01:38:51 GMTMarsh launches data centre operations facilityhttps://www.insurancenews.com.au/the-broker/marsh-launches-data-centre-operations-facilityhttps://www.insurancenews.com.au/the-broker/marsh-launches-data-centre-operations-facility<p>A new Marsh property insurance exchange called Stratus is designed to address the risks of data centres and other digital infrastructure projects as they move to operation...</p>Thu, 27 Aug 2026 01:38:42 GMTWTW appoints NZ sales managerhttps://www.insurancenews.com.au/the-broker/wtw-appoints-nz-sales-managerhttps://www.insurancenews.com.au/the-broker/wtw-appoints-nz-sales-manager<p>WTW says Justin Pipe has joined as New Zealand senior sales manager &ndash; a newly created role...</p>Thu, 27 Aug 2026 01:16:10 GMTCentrewest broker promotedhttps://www.insurancenews.com.au/the-broker/centrewest-broker-promotedhttps://www.insurancenews.com.au/the-broker/centrewest-broker-promoted<p>Marcel de Kok has been given an expanded role at Centrewest Insurance Brokers under the title client director...</p>Thu, 27 Aug 2026 01:15:54 GMTSteadfast profit rises as takeover loomshttps://www.insurancenews.com.au/daily/steadfast-profit-rises-as-takeover-loomshttps://www.insurancenews.com.au/daily/steadfast-profit-rises-as-takeover-looms<p>Steadfast has delivered an 8.2% earnings rise in annual results reported before its expected acquisition by a private equity consortium...</p>Wed, 26 Aug 2026 06:22:24 GMTAustralians ‘still catching up’ on alternative sales channelshttps://www.insurancenews.com.au/daily/australians-still-catching-up-on-alternative-sales-channelshttps://www.insurancenews.com.au/daily/australians-still-catching-up-on-alternative-sales-channels<p>Consumers in Australia are resistant to buying insurance via non-traditional channels, with just 8% using third-party marketplace apps, research by Cover Genius has found...</p>Wed, 26 Aug 2026 06:21:45 GMTCrash driver’s swerve to the left doesn’t sound right to AFCAhttps://www.insurancenews.com.au/daily/crash-driver-s-swerve-to-the-left-doesn-t-sound-right-to-afcahttps://www.insurancenews.com.au/daily/crash-driver-s-swerve-to-the-left-doesn-t-sound-right-to-afca<p>A motorist&rsquo;s account of swerving to avoid an animal and hitting an abandoned truck has been labelled &ldquo;not credible&rdquo;...</p>Wed, 26 Aug 2026 06:20:12 GMTINsight podcast: Steadfast deal is onhttps://www.insurancenews.com.au/daily/insight-podcast-steadfast-deal-is-onhttps://www.insurancenews.com.au/daily/insight-podcast-steadfast-deal-is-on<p>The deal to acquire Steadfast for $7.7 billion has been agreed, and this significant development is the first item discussed on the latest Insurance News podcast...</p>Wed, 26 Aug 2026 06:19:21 GMTMarket responds as Japanese giant ‘eyes bid for Suncorp’https://www.insurancenews.com.au/daily/market-responds-as-japanese-giant-eyes-bid-for-suncorphttps://www.insurancenews.com.au/daily/market-responds-as-japanese-giant-eyes-bid-for-suncorp<p>Suncorp shares surged almost 8% today as investors appeared to react to a media report saying Tokio Marine may be lining up a bid for the Queensland-based insurer...</p>Tue, 25 Aug 2026 06:31:21 GMTAUB chief tells insurers to be rational on pricinghttps://www.insurancenews.com.au/daily/aub-chief-tells-insurers-to-be-rational-on-pricinghttps://www.insurancenews.com.au/daily/aub-chief-tells-insurers-to-be-rational-on-pricing<p>AUB Group CEO Mike Emmett has urged insurers to maintain pricing discipline after the company reported underlying net profit last year rose 12.2% to $224.6 million amid challenging market conditions...</p>Tue, 25 Aug 2026 06:21:09 GMTBrokers talk rural risk as peak body focuses on regionshttps://www.insurancenews.com.au/daily/brokers-talk-rural-risk-as-peak-body-focuses-on-regionshttps://www.insurancenews.com.au/daily/brokers-talk-rural-risk-as-peak-body-focuses-on-regions<p>An Agriculture and Rural Risk Forum will be held in Orange next month as part of a broader regional push by the National Insurance Brokers Association...</p>Tue, 25 Aug 2026 06:20:32 GMTOf course it’s a buggy, but off course it’s not coveredhttps://www.insurancenews.com.au/daily/of-course-it-s-a-buggy-but-off-course-it-s-not-coveredhttps://www.insurancenews.com.au/daily/of-course-it-s-a-buggy-but-off-course-it-s-not-covered<p>A utility terrain vehicle owner has been denied a theft claim payout even though his contents policy stated it covered &ldquo;a golf cart or buggy&rdquo;...</p>Tue, 25 Aug 2026 06:19:56 GMTMove to reform ‘essential’ last resort compo schemehttps://www.insurancenews.com.au/regulatory-government/move-to-reform-essential-last-resort-compo-schemehttps://www.insurancenews.com.au/regulatory-government/move-to-reform-essential-last-resort-compo-scheme<p>The Compensation Scheme of Last Resort &ldquo;remains an essential backstop&rdquo; for consumers, Financial Services Minister Daniel Mulino says, as the federal government moves to fix the under-pressure program...</p>Mon, 24 Aug 2026 04:42:24 GMTNZ regulator flags oversight failings in add-on cover saleshttps://www.insurancenews.com.au/regulatory-government/nz-regulator-flags-oversight-failings-in-add-on-cover-saleshttps://www.insurancenews.com.au/regulatory-government/nz-regulator-flags-oversight-failings-in-add-on-cover-sales<p>A regulatory review of add-on insurance in New Zealand has found shortcomings that disadvantage consumers, singling out oversight of distribution partners as a pressing area of concern...</p>Mon, 24 Aug 2026 04:42:17 GMTWatchdog accuses Subaru of repairer competition breacheshttps://www.insurancenews.com.au/regulatory-government/watchdog-accuses-subaru-of-repairer-competition-breacheshttps://www.insurancenews.com.au/regulatory-government/watchdog-accuses-subaru-of-repairer-competition-breaches<p>The competition regulator has launched Federal Court proceedings against Subaru Australia over alleged breaches of the Motor Vehicle Service and Repair Information Sharing Scheme...</p>Mon, 24 Aug 2026 04:42:08 GMT