insuranceNEWS.com.au - Breaking News

Regulator raises competition concerns over RAC deal

Wed, 03 Sep 2025 23:42:50 GMT

IAG’s proposed acquisition of RAC Insurance is likely to substantially reduce competition in the motor and home and contents markets in WA, regulators say in a preliminary view...

Marsh promotes ‘exceptional leader’ to Pacific president role

Tue, 02 Sep 2025 00:50:14 GMT

Marsh has appointed Damian Schinck as Pacific president, replacing Josh Roach, who has left the business...

Gallagher appoints new local CEO

Mon, 01 Sep 2025 09:02:26 GMT

Marsh executive Alex Lumby will become Gallagher’s new CEO of Australian broking following the departure earlier this year of Sarah Lyons...

Steadfast announces significant acquisition, chairman retires

Thu, 28 Aug 2025 10:01:10 GMT

Steadfast is accelerating its global expansion with the acquisition of a majority stake in US specialty underwriting agency and wholesale brokerage Novum Underwriting Partners...

McLardy McShane names new leaders as founders step back

Thu, 14 Aug 2025 00:59:52 GMT

McLardy McShane has unveiled a new-look leadership structure as CEO Don McLardy and director Mike McShane move into executive board roles...

QBE strikes home cover deal with Sure

Thu, 24 Jul 2025 02:00:00 GMT

QBE Australia Pacific has made new arrangements for broker-distributed householders cover with Sure Insurance and its Castle Insurance business...

Blue Zebra finds new underwriters for home, SME

Wed, 25 Jun 2025 23:46:59 GMT

Underwriting agency Blue Zebra has secured a new capacity arrangement for its home building and contents, landlord and SME package products...

AIG hit with $30,000 code breach penalty

Wed, 25 Jun 2025 02:58:02 GMT

The insurance code governance committee has imposed a $30,000 penalty on AIG Australia for breaching obligations to tell customers their complaints had been delayed or that they had the right to take matters to the ombudsman...

Allianz cleared to buy RAA Insurance

Thu, 12 Jun 2025 00:26:25 GMT

The competition regulator has approved Allianz Australia’s $642 million acquisition of RAA Insurance following a review of market impacts...

Steadfast’s Fitzgerald outlines vision for new venture, names partner

Thu, 22 May 2025 23:30:00 GMT

Experienced insurance executives Nigel Fitzgerald and Grant Cairns will team up later this year to launch a digitally led “underwriting venture” that aims to “redefine how insurance is delivered”...

AIG’s local chief set to leave

Thu, 22 May 2025 04:27:41 GMT

AIG says its Australia CEO Grant Cairns has resigned “to pursue a different path in the industry”, with the insurer’s client and broker engagement head stepping up to lead the business...

IAG purchase of RACQ Insurance given green light

Thu, 22 May 2025 00:04:15 GMT

The competition regulator has cleared IAG’s proposed $855 million acquisition of the RACQ insurance business...

IAG to buy RAC Insurance in $1.35 billion deal

Wed, 14 May 2025 23:31:03 GMT

IAG plans to buy the RAC Insurance business and enter a 20-year distribution agreement for home, motor and niche products, in a $1.35 billion deal...

Lloyd’s names new CEO

Thu, 08 May 2025 07:30:00 GMT

Lloyd’s chief of markets Patrick Tiernan has been selected as the next CEO of the London-based global insurance and reinsurance marketplace...

ASIC sues Hollard, alleges serious claim handling failures

Fri, 11 Apr 2025 03:00:51 GMT

The corporate regulator alleges Hollard Insurance breached its duty of utmost good faith in its “egregious” handling of a home and contents claim made by a couple from regional Victoria...

Steadfast announces COO exit

Sun, 23 Mar 2025 22:17:20 GMT

Steadfast COO Nigel Fitzgerald will leave the business on July 1 to pursue a “personal business venture”, the listed insurance group announced today...

Aon names new Australia CEO

Wed, 19 Mar 2025 23:31:07 GMT

Aon has appointed Kevan Johnston as Australia CEO following the promotion of Jennifer Richards to a regional role...

Insurers call for $30 billion flood defence fund

Tue, 25 Feb 2025 05:25:58 GMT

The Insurance Council of Australia has today called for the creation of a $30.15 billion flood defence fund to tackle the nation’s “costliest natural disaster”...

Steadfast merges major brokerages

Fri, 31 Jan 2025 03:04:20 GMT

Network Insurance Group and Insurance House are to merge with Andrew Broughton as CEO of the combined business...

Insurer handed $100,000 penalty over code breach

Tue, 28 Jan 2025 23:25:35 GMT

A general insurer has been ordered to pay $100,000 for a significant code of practice breach related to failures in the handling of customer claims and complaints...