insuranceNEWS.com.au - Breaking NewsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auSteadfast to acquire Queensland specialist Sure Insurancehttps://www.insurancenews.com.au/breaking-news/steadfast-to-acquire-queensland-specialist-sure-insurancehttps://www.insurancenews.com.au/breaking-news/steadfast-to-acquire-queensland-specialist-sure-insurance<p>Steadfast has announced it will acquire a 70% equity interest in Queensland underwriting agency Sure Insurance for a deal including an upfront cash payment of $148.8 million...</p>Wed, 15 Nov 2023 22:40:35 GMTNSW to ditch current insurance-funded Emergency Services Levyhttps://www.insurancenews.com.au/breaking-news/nsw-to-ditch-current-insurance-funded-emergency-services-levyhttps://www.insurancenews.com.au/breaking-news/nsw-to-ditch-current-insurance-funded-emergency-services-levy<p>The NSW Labor Government says the state&rsquo;s insurance-funded Emergency Services Levy is inefficient and unsustainable and it plans to ditch current arrangements and introduce a fairer system...</p>Wed, 15 Nov 2023 22:16:27 GMTANZIIF selects former politician as new CEOhttps://www.insurancenews.com.au/breaking-news/anziif-selects-former-politician-as-new-ceohttps://www.insurancenews.com.au/breaking-news/anziif-selects-former-politician-as-new-ceo<p>The Australian and New Zealand Institute of Insurance and Finance has appointed former New Zealand politician Katrina Shanks as its next CEO...</p>Fri, 20 Oct 2023 02:35:15 GMTSteadfast expands into the US with acquisitionhttps://www.insurancenews.com.au/breaking-news/steadfast-expands-into-the-us-with-acquisitionhttps://www.insurancenews.com.au/breaking-news/steadfast-expands-into-the-us-with-acquisition<p>Steadfast says it has acquired ISU Group, one of the largest privately owned independent insurance agency networks in the US, for $US55 million...</p>Thu, 05 Oct 2023 23:42:29 GMTMarsh appoints Josh Roach as Pacific region headhttps://www.insurancenews.com.au/breaking-news/marsh-appoints-josh-roach-as-pacific-region-headhttps://www.insurancenews.com.au/breaking-news/marsh-appoints-josh-roach-as-pacific-region-head<p>Marsh has announced that Josh Roach will become Pacific President from January, taking over from Nick Harris who will move to a senior role with the company in the UK...</p>Wed, 06 Sep 2023 00:51:17 GMTMarsh to acquire Honan Insurance Grouphttps://www.insurancenews.com.au/breaking-news/marsh-to-acquire-honan-insurance-grouphttps://www.insurancenews.com.au/breaking-news/marsh-to-acquire-honan-insurance-group<p>Global broking giant Marsh has agreed to acquire Melbourne-headquartered Honan Insurance Group...</p>Sun, 20 Aug 2023 22:51:10 GMTACCC rejects Suncorp Bank sale to ANZhttps://www.insurancenews.com.au/breaking-news/accc-rejects-suncorp-bank-sale-to-anzhttps://www.insurancenews.com.au/breaking-news/accc-rejects-suncorp-bank-sale-to-anz<p>The Australian Competition and Consumer Commission has rejected Suncorp&rsquo;s plan to sell its banking business to ANZ in a proposed $4.9 billion deal, with the insurer saying it is "surprised and disappointed" by the decision...</p>Fri, 04 Aug 2023 00:15:32 GMTAIG names new Australia CEOhttps://www.insurancenews.com.au/breaking-news/aig-names-new-australia-ceohttps://www.insurancenews.com.au/breaking-news/aig-names-new-australia-ceo<p>AIG has appointed Grant Cairns as CEO AIG Australia, and Head of Australia and New Zealand, based in Melbourne and effective from November...</p>Thu, 20 Jul 2023 23:53:07 GMTCatholic Church Insurance ceases issuing renewals, new policieshttps://www.insurancenews.com.au/breaking-news/catholic-church-insurance-ceases-issuing-renewals-new-policieshttps://www.insurancenews.com.au/breaking-news/catholic-church-insurance-ceases-issuing-renewals-new-policies<p>Catholic Church Insurance has announced today that it will cease issuing new or renewal policies and will voluntarily place the organisation into &ldquo;run off&rdquo; after it was unable to secure sufficient additional capital...</p>Mon, 29 May 2023 23:25:06 GMTAUB, PSC ditch Tysers UK retail joint venturehttps://www.insurancenews.com.au/breaking-news/aub-psc-ditch-tysers-uk-retail-joint-venturehttps://www.insurancenews.com.au/breaking-news/aub-psc-ditch-tysers-uk-retail-joint-venture<p>AUB Group and PSC Insurance Group will not proceed with the proposed Tysers UK retail joint venture, the two companies announced today...</p>Thu, 18 May 2023 00:15:10 GMTIAG announces departure of key executiveshttps://www.insurancenews.com.au/breaking-news/iag-key-executives-set-to-departhttps://www.insurancenews.com.au/breaking-news/iag-key-executives-set-to-depart<p>IAG CFO Michelle McPherson will retire by the end of the calendar year and Chief Insurance and Strategy Officer Tim Plant will leave at the end of next month, the company said today...</p>Mon, 08 May 2023 23:57:38 GMTAgencies incubator launches with US investor backinghttps://www.insurancenews.com.au/breaking-news/agencies-incubator-launches-with-us-investor-backinghttps://www.insurancenews.com.au/breaking-news/agencies-incubator-launches-with-us-investor-backing<p>Underwriting agencies incubator Rhodian, co-founded by Simon Lightbody, has launched with US-based specialty wholesale distributor Amwins taking a minority stake in the business...</p>Mon, 27 Feb 2023 03:47:00 GMTJLT wins NSW Supreme Court class actionhttps://www.insurancenews.com.au/breaking-news/jlt-wins-nsw-supreme-court-class-actionhttps://www.insurancenews.com.au/breaking-news/jlt-wins-nsw-supreme-court-class-action<p>The NSW Supreme Court has found in favour of JLT in a class action launched over local government insurance mutuals...</p>Mon, 19 Dec 2022 06:08:00 GMTAIG Australia CEO Nigel Fitzgerald to become Steadfast COOhttps://www.insurancenews.com.au/breaking-news/aig-australia-ceo-nigel-fitzgerald-to-become-steadfast-coohttps://www.insurancenews.com.au/breaking-news/aig-australia-ceo-nigel-fitzgerald-to-become-steadfast-coo<p>AIG Australia CEO Nigel Fitzgerald will leave the company to join Steadfast as COO, effective from the second quarter of next year...</p>Thu, 15 Dec 2022 22:29:00 GMTGiant UK broker swoops for Australia's Envesthttps://www.insurancenews.com.au/breaking-news/giant-uk-broker-swoops-for-australias-envesthttps://www.insurancenews.com.au/breaking-news/giant-uk-broker-swoops-for-australias-envest<p>The UK&rsquo;s largest independent broker, Ardonagh Group, has agreed to acquire Australian insurance investment and distribution business Envest for $482 million...</p>Wed, 23 Nov 2022 08:06:00 GMTIt's over: High Court refuses second BI test case appeal applicationshttps://www.insurancenews.com.au/breaking-news/its-over-high-court-refuses-second-bi-test-case-appeal-applicationshttps://www.insurancenews.com.au/breaking-news/its-over-high-court-refuses-second-bi-test-case-appeal-applications<p>The High Court of Australia has today declined three appeal applications arising from the Insurance Council of Australia second test case over business interruption cover during the pandemic...</p>Fri, 14 Oct 2022 02:39:00 GMT360 Underwriting names QBE's Jason Clarke as Australia CEOhttps://www.insurancenews.com.au/breaking-news/360-underwriting-names-qbes-jason-clarke-as-australia-ceohttps://www.insurancenews.com.au/breaking-news/360-underwriting-names-qbes-jason-clarke-as-australia-ceo<p>360 Underwriting Solutions says Jason Clarke has been appointed as CEO of its Australian business, joining from QBE where he has held several senior roles during a 32-year career with the insurer...</p>Thu, 25 Aug 2022 02:25:00 GMTSteadfast to acquire Insurance Brands Australiahttps://www.insurancenews.com.au/breaking-news/steadfast-to-acquire-insurance-brands-australiahttps://www.insurancenews.com.au/breaking-news/steadfast-to-acquire-insurance-brands-australia<p>Steadfast Group has entered into an agreement to acquire Insurance Brands Australia (IBA) for $301 million, the company said today...</p>Tue, 16 Aug 2022 23:20:00 GMTSuncorp sells bank for $4.9 billionhttps://www.insurancenews.com.au/breaking-news/suncorp-sells-bank-for-4-9-billionhttps://www.insurancenews.com.au/breaking-news/suncorp-sells-bank-for-4-9-billion<p>Suncorp has signed an agreement to sell its banking business to ANZ for $4.9 billion, focusing the company on its insurance operations in Australia and New Zealand...</p>Sun, 17 Jul 2022 23:01:00 GMTCyclone pool modelling to be released today, savings 'overhyped'https://www.insurancenews.com.au/breaking-news/cyclone-pool-modelling-to-be-released-today-savings-overhypedhttps://www.insurancenews.com.au/breaking-news/cyclone-pool-modelling-to-be-released-today-savings-overhyped<p>The previous federal government misled the public on the level of savings that will be achieved by the upcoming cyclone reinsurance pool, Financial Services Minister Stephen Jones will announce today...</p>Thu, 30 Jun 2022 00:03:00 GMT