insuranceNEWS.com.au - Corporate

Ivory Insurance granted general insurance licence

Mon, 04 Dec 2023 03:46:41 GMT

The Australian Prudential Regulation Authority has licensed Brisbane-based Ivory Insurance to operate as a general insurer...

CGU launches ‘Broker Love’ strategy

Mon, 04 Dec 2023 03:46:01 GMT

IAG’s Intermediated Insurance Australia division has launched a new initiative to transform its relationships with broker partners...

Marsh closes Honan acquisition

Mon, 04 Dec 2023 03:45:31 GMT

Former Honan Insurance Group CEO Andrew Fluitsma has commenced as Marsh’s Pacific Head of Corporate and Commercial...

Resilium Partners acquires Canberra AR

Mon, 04 Dec 2023 03:44:45 GMT

Envest Group-owned subsidiary Resilium Partners has acquired JV Business Insurance in Canberra...

Tower appoints Goldman Sachs to review ownership

Mon, 04 Dec 2023 03:43:58 GMT

New Zealand insurer Tower is undertaking a strategic review of its ownership structure to optimise its capital structure and explore market competitiveness options...

AUB acquires stake in Claim Central Group

Mon, 04 Dec 2023 03:43:20 GMT

Claim Central Group says AUB has become a new investor and its representatives will join the board following recent capital raising activities...

Suncorp NZ names senior leadership appointment

Mon, 04 Dec 2023 03:42:41 GMT

Suncorp New Zealand has announced Suraiya Phillimore-Smith as its new Chief Customer Officer from March 4 next year...

Zurich completes OnePath General Insurance transfer

Mon, 04 Dec 2023 03:42:06 GMT

The transfer of OnePath General Insurance to Zurich’s Australian business has been completed, after the Federal Court last month confirmed the scheme to facilitate the process...

Suncorp to appoint Gillian Brown to board

Mon, 04 Dec 2023 03:41:21 GMT

Suncorp will appoint Brisbane-based Gillian Brown to the board, effective late February, following the retirement this month of Doug McTaggart...

QBE upbeat on ‘supportive’ rate environment

Mon, 27 Nov 2023 03:30:31 GMT

QBE achieved third-quarter gross written premium growth of 7% on the prior corresponding period, and group-wide renewal rate increases averaged 9.6%, the insurer said today in a Q3 performance update...

Emergence appoints Gary Dransfield as Chairman

Mon, 27 Nov 2023 03:30:05 GMT

Cyber specialist underwriting agency Emergence has appointed former Suncorp senior executive Gary Dransfield as Chairman...

Tower combined ratio hits 101% on large event costs

Mon, 27 Nov 2023 03:29:01 GMT

New Zealand insurer Tower says its annual large event costs reached $NZ55.6 million, up from $NZ19 million a year earlier...

Johns Lyng sees ‘significant runway for growth’

Mon, 27 Nov 2023 03:28:17 GMT

Johns Lyng Group says the business has started the new financial year strongly and is confident its core Australia operations will continue to grow, supported by its “bedrock” Insurance Building and Restoration Services arm...

QBE unveils risk management platform

Mon, 27 Nov 2023 03:27:28 GMT

QBE has rolled out a digital risk management platform for commercial property and liability, with plans to add new functionality and other insurance products in the near future...

Steadfast buys Sure Insurance, completes $280 million share placement

Mon, 20 Nov 2023 01:13:53 GMT

Steadfast has purchased a 70% stake in Queensland regional underwriting agency specialist Sure Insurance and has completed a $280 million share placement to fund upfront and future acquisition costs...

Tower exits commercial farm business

Mon, 20 Nov 2023 01:12:43 GMT

New Zealand’s Tower will no longer offer insurance for commercial farms, and from February will refer those customers to Aon as Tower policies expire...

QBE exits PNG market

Mon, 20 Nov 2023 01:10:09 GMT

QBE has sold its operations in Papua New Guinea to Alpha Insurance...

Tower board appoints new director

Mon, 20 Nov 2023 01:08:10 GMT

The board of New Zealand insurer Tower has appointed Mike Cutter as independent director...

IAG joins cyclone reinsurance pool

Mon, 13 Nov 2023 03:50:35 GMT

IAG has joined the Federal Government’s Cyclone Reinsurance Pool, ahead of the deadline for large insurers to join before the end of this year...

Zurich highlights ‘significant’ climate risk to energy sector

Mon, 13 Nov 2023 03:49:48 GMT

A new report from Zurich Australia and Mandala Partners estimates that nearly 40% of Australia’s energy generation assets will face increased risks from climate impacts in the coming decades...