insuranceNEWS.com.au - The BrokerGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-au‘Pivotal moment’: IAG revamps intermediated divisionhttps://www.insurancenews.com.au/the-broker/pivotal-moment-iag-revamps-intermediated-divisionhttps://www.insurancenews.com.au/the-broker/pivotal-moment-iag-revamps-intermediated-division<p>IAG has made a series of senior executive appointments in its intermediated division as part of wider changes to the business...</p>Thu, 08 May 2025 01:21:11 GMTAFCA backs calls for expanded small business definition in codehttps://www.insurancenews.com.au/the-broker/afca-backs-calls-for-expanded-small-business-definition-in-codehttps://www.insurancenews.com.au/the-broker/afca-backs-calls-for-expanded-small-business-definition-in-code<p>The updated broking code of practice should adopt the Australian Financial Complaints Authority&rsquo;s broader definition of small business, the ombudsman service proposes...</p>Thu, 08 May 2025 01:18:06 GMT‘Favourable momentum’ lifts AUB earnings expectationhttps://www.insurancenews.com.au/the-broker/favourable-momentum-lifts-aub-earnings-expectationhttps://www.insurancenews.com.au/the-broker/favourable-momentum-lifts-aub-earnings-expectation<p>Listed intermediary group AUB has reviewed its 2024-25 earnings assessment, noting &ldquo;favourable trading momentum&rdquo; since its half-year results in February...</p>Thu, 08 May 2025 01:17:53 GMTConsumer lobby fears ‘unscrupulous’ commission tweaks on wayhttps://www.insurancenews.com.au/the-broker/consumer-lobby-fears-unscrupulous-commission-tweaks-on-wayhttps://www.insurancenews.com.au/the-broker/consumer-lobby-fears-unscrupulous-commission-tweaks-on-way<p>The Australian Consumers Insurance Lobby warns a softening market may lead some brokers to alter their commissions without proper disclosure and informed consent from clients...</p>Thu, 08 May 2025 01:16:47 GMTCustomer payment risk increasing: Atradiushttps://www.insurancenews.com.au/the-broker/customer-payment-risk-increasing-atradiushttps://www.insurancenews.com.au/the-broker/customer-payment-risk-increasing-atradius<p>Australian companies are reporting liquidity challenges as late payments and defaults grow in an unpredictable trading environment, trade credit insurance provider Atradius says...</p>Thu, 08 May 2025 00:25:17 GMTScammer jailed over Instagram ‘ghost broking’https://www.insurancenews.com.au/the-broker/scammer-jailed-over-instagram-ghost-brokinghttps://www.insurancenews.com.au/the-broker/scammer-jailed-over-instagram-ghost-broking<p>A British fraudster who pretended to be a car insurance broker and hawked his services on Instagram has been jailed for one year...</p>Thu, 08 May 2025 00:24:52 GMTFormer Coverforce execs set up specialist brokeragehttps://www.insurancenews.com.au/the-broker/former-coverforce-execs-open-specialist-brokeragehttps://www.insurancenews.com.au/the-broker/former-coverforce-execs-open-specialist-brokerage<p>Sydney-based Ferguson Brown Insurance Brokers is open for business, led by two Coverforce veterans...</p>Thu, 08 May 2025 00:24:42 GMTML Specialty opens with ‘unique and complex’ covershttps://www.insurancenews.com.au/the-broker/ml-specialty-opens-with-unique-and-complex-covershttps://www.insurancenews.com.au/the-broker/ml-specialty-opens-with-unique-and-complex-covers<p>Market Lane Insurance Group has launched ML Specialty, a hub providing tailored covers for niche markets...</p>Thu, 08 May 2025 00:24:18 GMTHutch rolls out ‘minimal admin’ trades packagehttps://www.insurancenews.com.au/the-broker/hutch-rolls-out-minimal-admin-trades-packagehttps://www.insurancenews.com.au/the-broker/hutch-rolls-out-minimal-admin-trades-package<p>Hutch Underwriting has launched cover designed for bricklayers, carpenters, landscapers, painters, shop fitters and similar trades...</p>Thu, 08 May 2025 00:24:08 GMTForced divestment a last resort, Lib senator tells brokershttps://www.insurancenews.com.au/the-broker/forced-divestment-a-last-resort-lib-senator-tells-brokershttps://www.insurancenews.com.au/the-broker/forced-divestment-a-last-resort-lib-senator-tells-brokers<p>Reducing regulation and taking mitigation action are priorities when tackling insurance costs, ahead of any forced break-up of companies, Liberal senator Andrew Bragg told a pre-election breakfast today...</p>Thu, 01 May 2025 02:00:23 GMTACCC doubles down on call to end commissionshttps://www.insurancenews.com.au/the-broker/accc-doubles-down-on-call-to-end-commissionshttps://www.insurancenews.com.au/the-broker/accc-doubles-down-on-call-to-end-commissions<p>The competition regulator has confirmed its stance against broker commissions in a submission to the profession&rsquo;s code of practice review...</p>Thu, 01 May 2025 02:00:16 GMTPizza maker wins compensation over ‘traumatic’ claim processhttps://www.insurancenews.com.au/the-broker/pizza-maker-wins-compensation-over-traumatic-claim-processhttps://www.insurancenews.com.au/the-broker/pizza-maker-wins-compensation-over-traumatic-claim-process<p>A QBE customer identified as vulnerable has won a dispute over the denial of a claim for a fire at his pizzeria, even though five other claims in recent years were not disclosed when applying for his policy...</p>Thu, 01 May 2025 02:00:09 GMTEnvest wraps up Ando dealhttps://www.insurancenews.com.au/the-broker/envest-wraps-up-ando-dealhttps://www.insurancenews.com.au/the-broker/envest-wraps-up-ando-deal<p>Envest Group has completed its acquisition of a stake in New Zealand underwriting agency Ando Insurance...</p>Thu, 01 May 2025 01:49:48 GMTUAA, QBE extend capacity agreementhttps://www.insurancenews.com.au/the-broker/uaa-qbe-extend-capacity-agreementhttps://www.insurancenews.com.au/the-broker/uaa-qbe-extend-capacity-agreement<p>Steadfast-owned Underwriting Agencies of Australia has renewed its binder agreement with QBE for another 10 years...</p>Thu, 01 May 2025 01:35:45 GMTAllianz’s new relationship manager focuses on broker prioritieshttps://www.insurancenews.com.au/the-broker/allianz-s-new-relationship-manager-focuses-on-broker-prioritieshttps://www.insurancenews.com.au/the-broker/allianz-s-new-relationship-manager-focuses-on-broker-priorities<p>Pamela Beilby has joined Allianz as national relationship manager in the commercial team...</p>Thu, 01 May 2025 01:35:35 GMTArch bolsters PI underwriting with new hirehttps://www.insurancenews.com.au/the-broker/arch-bolsters-pi-underwriting-with-new-hirehttps://www.insurancenews.com.au/the-broker/arch-bolsters-pi-underwriting-with-new-hire<p>Arch Insurance Australia has added to its professional indemnity team, recruiting Relanda Taing as senior underwriter for the northern region...</p>Thu, 01 May 2025 01:34:07 GMTNIBA to wine and dine young membershttps://www.insurancenews.com.au/the-broker/niba-to-wine-and-dine-young-membershttps://www.insurancenews.com.au/the-broker/niba-to-wine-and-dine-young-members<p>The National Insurance Brokers Association will host a wine and cheese evening for young professionals in Victoria this month...</p>Thu, 01 May 2025 01:33:42 GMTUAC gears up for Melbourne Market Exchangehttps://www.insurancenews.com.au/the-broker/uac-gears-up-for-melbourne-market-exchangehttps://www.insurancenews.com.au/the-broker/uac-gears-up-for-melbourne-market-exchange<p>The Underwriting Agencies Council will hold its next Market Exchange in Melbourne on May 13, at the city&rsquo;s convention and exhibition centre...</p>Thu, 01 May 2025 00:42:10 GMTBrokers flag fears over looming commission consent ruleshttps://www.insurancenews.com.au/the-broker/brokers-flag-fears-over-looming-commission-consent-ruleshttps://www.insurancenews.com.au/the-broker/brokers-flag-fears-over-looming-commission-consent-rules<p>New rules that require client consent for general insurance commissions could force intermediaries to stop advising on retail products, some brokers have warned...</p>Thu, 24 Apr 2025 02:04:37 GMTPacific rate decline leads global slide: Marsh indexhttps://www.insurancenews.com.au/the-broker/pacific-rate-decline-leads-global-slide-marsh-indexhttps://www.insurancenews.com.au/the-broker/pacific-rate-decline-leads-global-slide-marsh-index<p>Commercial rates in the Australia-dominated Pacific region fell 8% in the first quarter, as declines in property gathered pace, the latest Marsh Global Insurance Market Index shows...</p>Thu, 24 Apr 2025 02:04:30 GMT