insuranceNEWS.com.au - CorporateGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auIvory Insurance granted general insurance licence https://www.insurancenews.com.au/corporate/ivory-insurance-granted-general-insurance-licencehttps://www.insurancenews.com.au/corporate/ivory-insurance-granted-general-insurance-licence<p>The Australian Prudential Regulation Authority has licensed Brisbane-based Ivory Insurance to operate as a general insurer...</p>Mon, 04 Dec 2023 03:46:41 GMTCGU launches ‘Broker Love’ strategy https://www.insurancenews.com.au/corporate/cgu-launches-broker-love-strategyhttps://www.insurancenews.com.au/corporate/cgu-launches-broker-love-strategy<p>IAG&rsquo;s Intermediated Insurance Australia division has launched a new initiative to transform its relationships with broker partners...</p>Mon, 04 Dec 2023 03:46:01 GMTMarsh closes Honan acquisition  https://www.insurancenews.com.au/corporate/marsh-closes-honan-acquisitionhttps://www.insurancenews.com.au/corporate/marsh-closes-honan-acquisition<p>Former Honan Insurance Group CEO Andrew Fluitsma has commenced as Marsh&rsquo;s Pacific Head of Corporate and Commercial...</p>Mon, 04 Dec 2023 03:45:31 GMTResilium Partners acquires Canberra AR https://www.insurancenews.com.au/corporate/resilium-partners-acquires-canberra-arhttps://www.insurancenews.com.au/corporate/resilium-partners-acquires-canberra-ar<p>Envest Group-owned subsidiary Resilium Partners has acquired JV Business Insurance in Canberra...</p>Mon, 04 Dec 2023 03:44:45 GMTTower appoints Goldman Sachs to review ownership https://www.insurancenews.com.au/corporate/tower-appoints-goldman-sachs-to-review-ownershiphttps://www.insurancenews.com.au/corporate/tower-appoints-goldman-sachs-to-review-ownership<p>New Zealand insurer Tower is undertaking a strategic review of its ownership structure to optimise its capital structure and explore market competitiveness options...</p>Mon, 04 Dec 2023 03:43:58 GMTAUB acquires stake in Claim Central Group https://www.insurancenews.com.au/corporate/aub-acquires-stake-in-claim-central-grouphttps://www.insurancenews.com.au/corporate/aub-acquires-stake-in-claim-central-group<p>Claim Central Group says AUB has become a new investor and its representatives will join the board following recent capital raising activities...</p>Mon, 04 Dec 2023 03:43:20 GMTSuncorp NZ names senior leadership appointment  https://www.insurancenews.com.au/corporate/suncorp-nz-names-senior-leadership-appointmenthttps://www.insurancenews.com.au/corporate/suncorp-nz-names-senior-leadership-appointment<p>Suncorp New Zealand has announced Suraiya Phillimore-Smith as its new Chief Customer Officer from March 4 next year...</p>Mon, 04 Dec 2023 03:42:41 GMTZurich completes OnePath General Insurance transfer https://www.insurancenews.com.au/corporate/zurich-completes-one-path-general-insurance-transferhttps://www.insurancenews.com.au/corporate/zurich-completes-one-path-general-insurance-transfer<p>The transfer of OnePath General Insurance to Zurich&rsquo;s Australian business has been completed, after the Federal Court last month confirmed the scheme to facilitate the process...</p>Mon, 04 Dec 2023 03:42:06 GMTSuncorp to appoint Gillian Brown to board https://www.insurancenews.com.au/corporate/suncorp-to-appoint-gillian-brown-to-boardhttps://www.insurancenews.com.au/corporate/suncorp-to-appoint-gillian-brown-to-board<p>Suncorp will appoint Brisbane-based Gillian Brown to the board, effective late February, following the retirement this month of Doug McTaggart...</p>Mon, 04 Dec 2023 03:41:21 GMTQBE upbeat on ‘supportive’ rate environment https://www.insurancenews.com.au/corporate/qbe-upbeat-on-supportive-rate-environmenthttps://www.insurancenews.com.au/corporate/qbe-upbeat-on-supportive-rate-environment<p>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...</p>Mon, 27 Nov 2023 03:30:31 GMTEmergence appoints Gary Dransfield as Chairman https://www.insurancenews.com.au/corporate/emergence-appoints-gary-dransfield-as-chairmanhttps://www.insurancenews.com.au/corporate/emergence-appoints-gary-dransfield-as-chairman<p>Cyber specialist underwriting agency Emergence has appointed former Suncorp senior executive Gary Dransfield as Chairman...</p>Mon, 27 Nov 2023 03:30:05 GMTTower combined ratio hits 101% on large event costs https://www.insurancenews.com.au/corporate/tower-combined-ratio-hits-101-on-large-event-costshttps://www.insurancenews.com.au/corporate/tower-combined-ratio-hits-101-on-large-event-costs<p>New Zealand insurer Tower says its annual large event costs reached $NZ55.6 million, up from $NZ19 million a year earlier...</p>Mon, 27 Nov 2023 03:29:01 GMTJohns Lyng sees ‘significant runway for growth’ https://www.insurancenews.com.au/corporate/johns-lyng-sees-significant-runway-for-growthhttps://www.insurancenews.com.au/corporate/johns-lyng-sees-significant-runway-for-growth<p>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 &ldquo;bedrock&rdquo; Insurance Building and Restoration Services arm...</p>Mon, 27 Nov 2023 03:28:17 GMTQBE unveils risk management platform https://www.insurancenews.com.au/corporate/qbe-unveils-risk-management-platformhttps://www.insurancenews.com.au/corporate/qbe-unveils-risk-management-platform<p>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...</p>Mon, 27 Nov 2023 03:27:28 GMTSteadfast buys Sure Insurance, completes $280 million share placement https://www.insurancenews.com.au/corporate/steadfast-buys-sure-insurance-completes-280-million-share-placementhttps://www.insurancenews.com.au/corporate/steadfast-buys-sure-insurance-completes-280-million-share-placement<p>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...</p>Mon, 20 Nov 2023 01:13:53 GMTTower exits commercial farm business https://www.insurancenews.com.au/corporate/tower-exits-commercial-farm-businesshttps://www.insurancenews.com.au/corporate/tower-exits-commercial-farm-business<p>New Zealand&rsquo;s Tower will no longer offer insurance for commercial farms, and from February will refer those customers to Aon as Tower policies expire...</p>Mon, 20 Nov 2023 01:12:43 GMTQBE exits PNG market https://www.insurancenews.com.au/corporate/qbe-exits-png-markethttps://www.insurancenews.com.au/corporate/qbe-exits-png-market<p>QBE has sold its operations in Papua New Guinea to Alpha Insurance...</p>Mon, 20 Nov 2023 01:10:09 GMTTower board appoints new director https://www.insurancenews.com.au/corporate/tower-board-appoints-new-directorhttps://www.insurancenews.com.au/corporate/tower-board-appoints-new-director<p>The board of New Zealand insurer Tower has appointed Mike Cutter as independent director...</p>Mon, 20 Nov 2023 01:08:10 GMTIAG joins cyclone reinsurance pool https://www.insurancenews.com.au/corporate/iag-joins-cyclone-reinsurance-poolhttps://www.insurancenews.com.au/corporate/iag-joins-cyclone-reinsurance-pool<p>IAG has joined the Federal Government&rsquo;s Cyclone Reinsurance Pool, ahead of the deadline for large insurers to join before the end of this year...</p>Mon, 13 Nov 2023 03:50:35 GMTZurich highlights ‘significant’ climate risk to energy sector  https://www.insurancenews.com.au/corporate/zurich-highlights-significant-climate-risk-to-energy-sectorhttps://www.insurancenews.com.au/corporate/zurich-highlights-significant-climate-risk-to-energy-sector<p>A new report from Zurich Australia and Mandala Partners estimates that nearly 40% of Australia&rsquo;s energy generation assets will face increased risks from climate impacts in the coming decades...</p>Mon, 13 Nov 2023 03:49:48 GMT