insuranceNEWS.com.au - Breaking News

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...

icare recruits EML head as chief exec

Tue, 21 Jan 2025 00:04:45 GMT

NSW state insurer icare has appointed Geniere Aplin, most recently the head of EML Solutions, as its CEO...

Neal departs Lloyd’s to take Aon climate role

Wed, 08 Jan 2025 23:07:42 GMT

Lloyd’s says CEO John Neal is leaving this year to join Aon as global CEO of reinsurance and chairman of climate solutions...

Allianz announces sale of Hunter

Fri, 20 Dec 2024 07:22:43 GMT

Allianz Australia has agreed to sell its Hunter Premium Funding business to private equity investor Pemba Capital Partners, as it aims to focus on its core insurance operations...

Allianz to buy RAA insurance business

Mon, 02 Dec 2024 05:11:58 GMT

Allianz Australia has struck a $642 million deal with SA motoring group RAA that includes the acquisition of its insurance business and a 20-year distribution agreement...

IAG to buy RACQ underwriting business

Wed, 27 Nov 2024 22:30:46 GMT

IAG will acquire 90% of the RACQ insurance underwriting business, with an option to buy the remaining 10% in two years, under an $855 million deal announced today...

Flood probe final report makes raft of recommendations

Fri, 18 Oct 2024 03:03:59 GMT

The parliamentary floods inquiry has made 86 recommendations in a final report released today, including strengthening regulation and the industry code of practice, and considering a “government-supported reinsurance arrangement” for high-risk properties...

Envest reveals leadership changes after PSC acquisition

Tue, 15 Oct 2024 02:12:49 GMT

Envest has outlined organisational and leadership changes following the completion of Ardonagh’s acquisition of PSC Insurance Group...

‘We are not unethical’: Steadfast hits back after ABC strata show

Tue, 10 Sep 2024 00:19:03 GMT

Steadfast Group has released a statement rejecting allegations featured in the ABC’s Four Corners investigation into the strata industry...