insuranceNEWS.com.au - Breaking NewsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-au‘We are not unethical’: Steadfast hits back after ABC strata showhttps://www.insurancenews.com.au/breaking-news/we-are-not-unethical-steadfast-hits-back-after-abc-strata-showhttps://www.insurancenews.com.au/breaking-news/we-are-not-unethical-steadfast-hits-back-after-abc-strata-show<p>Steadfast Group has released a statement rejecting allegations featured in the ABC&rsquo;s Four Corners investigation into the strata industry...</p>Tue, 10 Sep 2024 00:19:03 GMTInsurance House ARs to switch to CBNhttps://www.insurancenews.com.au/breaking-news/insurance-house-ars-to-switch-to-cbnhttps://www.insurancenews.com.au/breaking-news/insurance-house-ars-to-switch-to-cbn<p>Insurance House authorised representatives are set to move to Community Broker Network as part of a new strategic partnership between the two Steadfast-owned businesses...</p>Wed, 24 Jul 2024 05:00:00 GMTAllianz cops $50,000 penalty for 'significant' code breach https://www.insurancenews.com.au/breaking-news/allianz-cops-50-000-penalty-for-code-breachhttps://www.insurancenews.com.au/breaking-news/allianz-cops-50-000-penalty-for-code-breach<p>Allianz has been ordered to pay a community benefit payment of $50,000 for a code of practice breach, in the first such financial sanction imposed on an insurer by the governance committee...</p>Fri, 07 Jun 2024 00:45:39 GMTArdonagh to buy PSC Insurance Group for $2.3 billionhttps://www.insurancenews.com.au/breaking-news/ardonagh-to-buy-psc-insurance-group-for-2-3-billionhttps://www.insurancenews.com.au/breaking-news/ardonagh-to-buy-psc-insurance-group-for-2-3-billion<p>UK-based Ardonagh has announced it plans to buy PSC Insurance Group for an implied equity value of $2.26 billion...</p>Wed, 08 May 2024 07:23:29 GMTicare CEO Richard Harding resignshttps://www.insurancenews.com.au/breaking-news/icare-ceo-richard-harding-resignshttps://www.insurancenews.com.au/breaking-news/icare-ceo-richard-harding-resigns<p>NSW state-owned insurer icare has announced CEO Richard Harding has resigned and will leave the organisation in October...</p>Wed, 10 Apr 2024 04:18:06 GMTNIBA names new CEOhttps://www.insurancenews.com.au/breaking-news/niba-names-new-ceohttps://www.insurancenews.com.au/breaking-news/niba-names-new-ceo<p>The National Insurance Brokers Association has appointed Richard Klipin as CEO, as Phil Kewin departs the role...</p>Sun, 17 Mar 2024 23:53:52 GMTPSC confirms discussions over potential takeoverhttps://www.insurancenews.com.au/breaking-news/psc-confirms-discussions-over-potential-takeoverhttps://www.insurancenews.com.au/breaking-news/psc-confirms-discussions-over-potential-takeover<p>PSC Insurance Group says it has received &ldquo;multiple strategic approaches&rdquo; and is taking part in discussions that &ldquo;may or may not lead to an offer being made for PSC&rdquo;...</p>Wed, 13 Mar 2024 06:06:35 GMTLloyd’s Australia names new leadership line-uphttps://www.insurancenews.com.au/breaking-news/lloyd-s-australia-names-new-leadership-line-uphttps://www.insurancenews.com.au/breaking-news/lloyd-s-australia-names-new-leadership-line-up<p>Lloyd&rsquo;s has appointed new leaders to run its business here as Regional Head of Australia and New Zealand Chris Mackinnon prepares to take up an expanded role in Singapore on April 1...</p>Tue, 20 Feb 2024 21:51:58 GMTSuncorp wins appeal over bank sale to ANZhttps://www.insurancenews.com.au/breaking-news/suncorp-wins-appeal-over-bank-sale-to-anzhttps://www.insurancenews.com.au/breaking-news/suncorp-wins-appeal-over-bank-sale-to-anz<p>Suncorp has won its appeal over the planned $4.9 billion sale of its bank to ANZ, with a decision in the two companies&rsquo; favour handed down by the Australian Competition Tribunal this morning...</p>Mon, 19 Feb 2024 22:53:17 GMTAgile set to launch Australian-led Lloyd’s syndicatehttps://www.insurancenews.com.au/breaking-news/agile-set-to-launch-australian-led-lloyd-s-syndicatehttps://www.insurancenews.com.au/breaking-news/agile-set-to-launch-australian-led-lloyd-s-syndicate<p>Australian underwriting agency Agile has been given the go-ahead to establish its own Lloyd&rsquo;s syndicate, insuranceNEWS.com.au understands...</p>Wed, 14 Feb 2024 21:59:27 GMTNIBA CEO Phil Kewin set to depart in Aprilhttps://www.insurancenews.com.au/breaking-news/niba-ceo-phil-kewin-set-to-depart-in-aprilhttps://www.insurancenews.com.au/breaking-news/niba-ceo-phil-kewin-set-to-depart-in-april<p>The National Insurance Brokers Association says CEO Phil Kewin has resigned from the role and will leave the organisation in April...</p>Wed, 10 Jan 2024 02:17:01 GMTSteadfast 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 GMT