insuranceNEWS.com.au - Breaking News

Steadfast to acquire Queensland specialist Sure Insurance

Wed, 15 Nov 2023 22:40:35 GMT

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...

NSW to ditch current insurance-funded Emergency Services Levy

Wed, 15 Nov 2023 22:16:27 GMT

The NSW Labor Government says the state’s insurance-funded Emergency Services Levy is inefficient and unsustainable and it plans to ditch current arrangements and introduce a fairer system...

ANZIIF selects former politician as new CEO

Fri, 20 Oct 2023 02:35:15 GMT

The Australian and New Zealand Institute of Insurance and Finance has appointed former New Zealand politician Katrina Shanks as its next CEO...

Steadfast expands into the US with acquisition

Thu, 05 Oct 2023 23:42:29 GMT

Steadfast says it has acquired ISU Group, one of the largest privately owned independent insurance agency networks in the US, for $US55 million...

Marsh appoints Josh Roach as Pacific region head

Wed, 06 Sep 2023 00:51:17 GMT

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...

Marsh to acquire Honan Insurance Group

Sun, 20 Aug 2023 22:51:10 GMT

Global broking giant Marsh has agreed to acquire Melbourne-headquartered Honan Insurance Group...

ACCC rejects Suncorp Bank sale to ANZ

Fri, 04 Aug 2023 00:15:32 GMT

The Australian Competition and Consumer Commission has rejected Suncorp’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...

AIG names new Australia CEO

Thu, 20 Jul 2023 23:53:07 GMT

AIG has appointed Grant Cairns as CEO AIG Australia, and Head of Australia and New Zealand, based in Melbourne and effective from November...

Catholic Church Insurance ceases issuing renewals, new policies

Mon, 29 May 2023 23:25:06 GMT

Catholic Church Insurance has announced today that it will cease issuing new or renewal policies and will voluntarily place the organisation into “run off” after it was unable to secure sufficient additional capital...

AUB, PSC ditch Tysers UK retail joint venture

Thu, 18 May 2023 00:15:10 GMT

AUB Group and PSC Insurance Group will not proceed with the proposed Tysers UK retail joint venture, the two companies announced today...

IAG announces departure of key executives

Mon, 08 May 2023 23:57:38 GMT

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...

Agencies incubator launches with US investor backing

Mon, 27 Feb 2023 03:47:00 GMT

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...

JLT wins NSW Supreme Court class action

Mon, 19 Dec 2022 06:08:00 GMT

The NSW Supreme Court has found in favour of JLT in a class action launched over local government insurance mutuals...

AIG Australia CEO Nigel Fitzgerald to become Steadfast COO

Thu, 15 Dec 2022 22:29:00 GMT

AIG Australia CEO Nigel Fitzgerald will leave the company to join Steadfast as COO, effective from the second quarter of next year...

Giant UK broker swoops for Australia's Envest

Wed, 23 Nov 2022 08:06:00 GMT

The UK’s largest independent broker, Ardonagh Group, has agreed to acquire Australian insurance investment and distribution business Envest for $482 million...

It's over: High Court refuses second BI test case appeal applications

Fri, 14 Oct 2022 02:39:00 GMT

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...

360 Underwriting names QBE's Jason Clarke as Australia CEO

Thu, 25 Aug 2022 02:25:00 GMT

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...

Steadfast to acquire Insurance Brands Australia

Tue, 16 Aug 2022 23:20:00 GMT

Steadfast Group has entered into an agreement to acquire Insurance Brands Australia (IBA) for $301 million, the company said today...

Suncorp sells bank for $4.9 billion

Sun, 17 Jul 2022 23:01:00 GMT

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...

Cyclone pool modelling to be released today, savings 'overhyped'

Thu, 30 Jun 2022 00:03:00 GMT

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...