insuranceNEWS.com.au - Breaking NewsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auMarsh promotes ‘exceptional leader’ to Pacific president rolehttps://www.insurancenews.com.au/breaking-news/marsh-promotes-exceptional-leader-to-pacific-president-rolehttps://www.insurancenews.com.au/breaking-news/marsh-promotes-exceptional-leader-to-pacific-president-role<p>Marsh has appointed Damian Schinck as Pacific president, replacing Josh Roach, who has left the business...</p>Tue, 02 Sep 2025 00:50:14 GMTGallagher appoints new local CEOhttps://www.insurancenews.com.au/breaking-news/gallagher-appoints-new-local-ceohttps://www.insurancenews.com.au/breaking-news/gallagher-appoints-new-local-ceo<p>Marsh executive Alex Lumby will become Gallagher&rsquo;s new CEO of Australian broking following the departure earlier this year of Sarah Lyons...</p>Mon, 01 Sep 2025 09:02:26 GMTSteadfast announces significant acquisition, chairman retireshttps://www.insurancenews.com.au/breaking-news/steadfast-announces-significant-acquisition-chairman-retireshttps://www.insurancenews.com.au/breaking-news/steadfast-announces-significant-acquisition-chairman-retires<p>Steadfast is accelerating its global expansion with the acquisition of a majority stake in US specialty underwriting agency and wholesale brokerage Novum Underwriting Partners...</p>Thu, 28 Aug 2025 10:01:10 GMTMcLardy McShane names new leaders as founders step backhttps://www.insurancenews.com.au/breaking-news/mc-lardy-mc-shane-names-new-leaders-as-founders-step-backhttps://www.insurancenews.com.au/breaking-news/mc-lardy-mc-shane-names-new-leaders-as-founders-step-back<p>McLardy McShane has unveiled a new-look leadership structure as CEO Don McLardy and director Mike McShane move into executive board roles...</p>Thu, 14 Aug 2025 00:59:52 GMTQBE strikes home cover deal with Surehttps://www.insurancenews.com.au/breaking-news/qbe-strikes-home-cover-deal-with-surehttps://www.insurancenews.com.au/breaking-news/qbe-strikes-home-cover-deal-with-sure<p>QBE Australia Pacific has made new arrangements for broker-distributed householders cover with Sure Insurance and its Castle Insurance business...</p>Thu, 24 Jul 2025 02:00:00 GMTBlue Zebra finds new underwriters for home, SMEhttps://www.insurancenews.com.au/breaking-news/blue-zebra-finds-new-underwriters-for-home-smehttps://www.insurancenews.com.au/breaking-news/blue-zebra-finds-new-underwriters-for-home-sme<p>Underwriting agency Blue Zebra has secured a new capacity arrangement for its home building and contents, landlord and SME package products...</p>Wed, 25 Jun 2025 23:46:59 GMTAIG hit with $30,000 code breach penaltyhttps://www.insurancenews.com.au/breaking-news/aig-hit-with-30-000-code-breach-penaltyhttps://www.insurancenews.com.au/breaking-news/aig-hit-with-30-000-code-breach-penalty<p>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...</p>Wed, 25 Jun 2025 02:58:02 GMTAllianz cleared to buy RAA Insurancehttps://www.insurancenews.com.au/breaking-news/allianz-cleared-to-buy-raa-insurancehttps://www.insurancenews.com.au/breaking-news/allianz-cleared-to-buy-raa-insurance<p>The competition regulator has approved Allianz Australia&rsquo;s $642 million acquisition of RAA Insurance following a review of market impacts...</p>Thu, 12 Jun 2025 00:26:25 GMTSteadfast’s Fitzgerald outlines vision for new venture, names partnerhttps://www.insurancenews.com.au/breaking-news/steadfast-s-fitzgerald-outlines-vision-for-new-venture-names-partnerhttps://www.insurancenews.com.au/breaking-news/steadfast-s-fitzgerald-outlines-vision-for-new-venture-names-partner<p>Experienced insurance executives Nigel Fitzgerald and Grant Cairns will team up later this year to launch a digitally led &ldquo;underwriting venture&rdquo; that aims to &ldquo;redefine how insurance is delivered&rdquo;...</p>Thu, 22 May 2025 23:30:00 GMTAIG’s local chief set to leavehttps://www.insurancenews.com.au/breaking-news/aig-s-local-chief-set-to-leavehttps://www.insurancenews.com.au/breaking-news/aig-s-local-chief-set-to-leave<p>AIG says its Australia CEO Grant Cairns has resigned &ldquo;to pursue a different path in the industry&rdquo;, with the insurer&rsquo;s client and broker engagement head stepping up to lead the business...</p>Thu, 22 May 2025 04:27:41 GMTIAG purchase of RACQ Insurance given green lighthttps://www.insurancenews.com.au/breaking-news/iag-purchase-of-racq-insurance-given-green-lighthttps://www.insurancenews.com.au/breaking-news/iag-purchase-of-racq-insurance-given-green-light<p>The competition regulator has cleared IAG&rsquo;s proposed $855 million acquisition of the RACQ insurance business...</p>Thu, 22 May 2025 00:04:15 GMTIAG to buy RAC Insurance in $1.35 billion dealhttps://www.insurancenews.com.au/breaking-news/iag-to-buy-rac-insurance-in-1-35-billion-dealhttps://www.insurancenews.com.au/breaking-news/iag-to-buy-rac-insurance-in-1-35-billion-deal<p>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...</p>Wed, 14 May 2025 23:31:03 GMTLloyd’s names new CEOhttps://www.insurancenews.com.au/breaking-news/lloyd-s-names-new-ceohttps://www.insurancenews.com.au/breaking-news/lloyd-s-names-new-ceo<p>Lloyd&rsquo;s chief of markets Patrick Tiernan has been selected as the next CEO of the London-based global insurance and reinsurance marketplace...</p>Thu, 08 May 2025 07:30:00 GMTASIC sues Hollard, alleges serious claim handling failureshttps://www.insurancenews.com.au/breaking-news/asic-sues-hollard-alleges-serious-claim-handling-failureshttps://www.insurancenews.com.au/breaking-news/asic-sues-hollard-alleges-serious-claim-handling-failures<p>The corporate regulator alleges Hollard Insurance breached its duty of utmost good faith in its &ldquo;egregious&rdquo; handling of a home and contents claim made by a couple from regional Victoria...</p>Fri, 11 Apr 2025 03:00:51 GMTSteadfast announces COO exithttps://www.insurancenews.com.au/breaking-news/steadfast-announces-coo-exithttps://www.insurancenews.com.au/breaking-news/steadfast-announces-coo-exit<p>Steadfast COO Nigel Fitzgerald will leave the business on July 1 to pursue a &ldquo;personal business venture&rdquo;, the listed insurance group announced today...</p>Sun, 23 Mar 2025 22:17:20 GMTAon names new Australia CEOhttps://www.insurancenews.com.au/breaking-news/aon-names-new-australia-ceohttps://www.insurancenews.com.au/breaking-news/aon-names-new-australia-ceo<p>Aon has appointed Kevan Johnston as Australia CEO following the promotion of Jennifer Richards to a regional role...</p>Wed, 19 Mar 2025 23:31:07 GMTInsurers call for $30 billion flood defence fundhttps://www.insurancenews.com.au/breaking-news/insurers-call-for-30-billion-flood-defence-fundhttps://www.insurancenews.com.au/breaking-news/insurers-call-for-30-billion-flood-defence-fund<p>The Insurance Council of Australia has today called for the creation of a $30.15 billion flood defence fund to tackle the nation&rsquo;s &ldquo;costliest natural disaster&rdquo;...</p>Tue, 25 Feb 2025 05:25:58 GMTSteadfast merges major brokerageshttps://www.insurancenews.com.au/breaking-news/steadfast-merges-melbourne-based-brokerageshttps://www.insurancenews.com.au/breaking-news/steadfast-merges-melbourne-based-brokerages<p>Network Insurance Group and Insurance House are to merge with Andrew Broughton as CEO of the combined business...</p>Fri, 31 Jan 2025 03:04:20 GMTInsurer handed $100,000 penalty over code breachhttps://www.insurancenews.com.au/breaking-news/insurer-handed-100-000-penalty-over-code-breachhttps://www.insurancenews.com.au/breaking-news/insurer-handed-100-000-penalty-over-code-breach<p>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...</p>Tue, 28 Jan 2025 23:25:35 GMTicare recruits EML head as chief exechttps://www.insurancenews.com.au/breaking-news/icare-recruits-former-eml-head-as-chief-exechttps://www.insurancenews.com.au/breaking-news/icare-recruits-former-eml-head-as-chief-exec<p>NSW state insurer icare has appointed Geniere Aplin, most recently the head of EML Solutions, as its CEO...</p>Tue, 21 Jan 2025 00:04:45 GMT