General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/the-broker/price-rises-drive-suncorp-commercial-earningshttps://www.insurancenews.com.au/the-broker/price-rises-drive-suncorp-commercial-earnings<p>Suncorp&rsquo;s commercial business delivered a stronger performance last financial year, lifted by price increases and improved loss ratios...</p>Thu, 13 Aug 2026 01:46:45 GMThttps://www.insurancenews.com.au/the-broker/iag-profit-dips-amid-elevated-natural-perilshttps://www.insurancenews.com.au/the-broker/iag-profit-dips-amid-elevated-natural-perils<p>IAG&rsquo;s full-year net profit fell 24.8% to $1.022 billion amid higher natural peril costs and after a business interruption provision release boosted the previous period...</p>Thu, 13 Aug 2026 01:28:29 GMThttps://www.insurancenews.com.au/the-broker/members-see-no-value-in-code-remuneration-expansion-nibahttps://www.insurancenews.com.au/the-broker/members-see-no-value-in-code-remuneration-expansion-niba<p>The National Insurance Brokers Association says its members are &ldquo;overwhelmingly&rdquo; against expanding code of practice remuneration disclosure requirements to all small business customers &ndash; but a significant stakeholder has accused the peak body of trying to &ldquo;defend the indefensible&rdquo;...</p>Thu, 13 Aug 2026 01:27:10 GMThttps://www.insurancenews.com.au/the-broker/claims-committee-to-ensure-broker-voices-heardhttps://www.insurancenews.com.au/the-broker/claims-committee-to-ensure-broker-voices-heard<p>A new committee of eight experienced brokers aims to strengthen the profession&rsquo;s voice on claims issues...</p>Thu, 13 Aug 2026 01:26:54 GMThttps://www.insurancenews.com.au/the-broker/family-fails-in-bid-for-total-loss-payout-over-death-contaminationhttps://www.insurancenews.com.au/the-broker/family-fails-in-bid-for-total-loss-payout-over-death-contamination<p>An insurer must repair bedroom wall cracks contaminated with odour after a dead body was left for nine days at a homestead in remote Queensland, but it does not have to declare a total loss, the industry ombudsman has ruled...</p>Thu, 13 Aug 2026 01:26:41 GMThttps://www.insurancenews.com.au/the-broker/austcover-qib-fill-key-exec-roleshttps://www.insurancenews.com.au/the-broker/austcover-qib-fill-key-exec-roles<p>Peter Apolakiatis has been appointed GM at Steadfast-backed Austcover, succeeding Alan Moran, who is promoted to QIB Group Holdings chief broking officer...</p>Thu, 13 Aug 2026 01:22:31 GMThttps://www.insurancenews.com.au/the-broker/austagencies-secures-accc-waiver-to-raise-stake-in-tech-specialisthttps://www.insurancenews.com.au/the-broker/austagencies-secures-accc-waiver-to-raise-stake-in-tech-specialist<p>AUB subsidiary Austagencies has been cleared to buy an additional 20% stake in Sura Technology Risks without having to notify the Australian Competition and Consumer Commission...</p>Thu, 13 Aug 2026 01:22:20 GMThttps://www.insurancenews.com.au/the-broker/prevail-broadens-offerings-with-primassure-integrationhttps://www.insurancenews.com.au/the-broker/prevail-broadens-offerings-with-primassure-integration<p>High net worth and farming specialist Prevail says its small business offerings have expanded following the integration of underwriting agency Primassure on August 1...</p>Thu, 13 Aug 2026 01:21:51 GMThttps://www.insurancenews.com.au/the-broker/mainstay-mechanics-cover-joins-sunrisehttps://www.insurancenews.com.au/the-broker/mainstay-mechanics-cover-joins-sunrise<p>Mainstay Underwriting&rsquo;s motor trade insurance has been added to the Ebix Sunrise Exchange platform...</p>Thu, 13 Aug 2026 01:21:38 GMThttps://www.insurancenews.com.au/the-broker/mitti-target-new-markets-under-old-namehttps://www.insurancenews.com.au/the-broker/mitti-target-new-markets-under-old-name<p>Sydney-based Mitti Insurance has promoted John Blake to global CEO as it makes its first move into the US...</p>Thu, 13 Aug 2026 01:21:22 GMThttps://www.insurancenews.com.au/the-broker/arch-ml-product-added-to-ebix-platformhttps://www.insurancenews.com.au/the-broker/arch-ml-product-added-to-ebix-platform<p>Arch Insurance Australia has launched its recently updated management liability offering on the Ebix Sunrise Exchange platform...</p>Thu, 13 Aug 2026 01:20:56 GMThttps://www.insurancenews.com.au/the-broker/tim-wedlock-tributes-transcend-brokinghttps://www.insurancenews.com.au/the-broker/tim-wedlock-tributes-transcend-broking<p>Tributes have continued to flow for broking leader Tim Wedlock, with the broader insurance industry and beyond recognising his remarkable contribution...</p>Thu, 06 Aug 2026 02:15:14 GMThttps://www.insurancenews.com.au/the-broker/police-wait-to-question-driver-over-crash-that-killed-industry-leaderhttps://www.insurancenews.com.au/the-broker/police-wait-to-question-driver-over-crash-that-killed-industry-leader<p>US investigators say they &ldquo;have yet to determine&rdquo; why an 87-year-old driver allegedly ran a red light at an intersection in Nashville at the weekend, killing Australian broking leader Tim Wedlock and injuring three other pedestrians...</p>Thu, 06 Aug 2026 02:15:03 GMThttps://www.insurancenews.com.au/the-broker/broker-vindicated-as-ombudsman-finds-policyholder-at-fault-on-disclosurehttps://www.insurancenews.com.au/the-broker/broker-vindicated-as-ombudsman-finds-policyholder-at-fault-on-disclosure<p>A commercial property owner who demanded her broker pay for storm damage repairs after her claim was rejected has lost a dispute before the industry ombudsman...</p>Thu, 06 Aug 2026 02:14:27 GMThttps://www.insurancenews.com.au/the-broker/cyber-buyers-eye-cheaper-coverhttps://www.insurancenews.com.au/the-broker/cyber-buyers-eye-cheaper-cover<p>Gallagher Re says polling at its Asia-Pacific cyber summit in Singapore found 94% of participants see insureds seeking cheaper rather than broader coverage, underscoring the competitive environment and the need to demonstrate value to policyholders...</p>Thu, 06 Aug 2026 02:14:19 GMThttps://www.insurancenews.com.au/the-broker/barnsey-surprises-crowd-at-mc-lardy-mc-shane-s-island-getawayhttps://www.insurancenews.com.au/the-broker/barnsey-surprises-crowd-at-mc-lardy-mc-shane-s-island-getaway<p>McLardy McShane raised more than $526,500 for charity at its latest annual conference...</p>Thu, 06 Aug 2026 02:05:51 GMThttps://www.insurancenews.com.au/the-broker/cowden-names-operations-chiefhttps://www.insurancenews.com.au/the-broker/cowden-names-operations-chief<p>Charlotte Lau has been appointed national head of operations at Cowden &ndash; a role that includes responsibility for IT, plus people and culture...</p>Thu, 06 Aug 2026 02:05:40 GMThttps://www.insurancenews.com.au/the-broker/amwins-expands-nat-cat-energy-offeringhttps://www.insurancenews.com.au/the-broker/amwins-expands-nat-cat-energy-offering<p>Amwins Global Risks has expanded its natural catastrophe facility for renewable energy projects, increasing capacity to $US50 million ($71 million) per placement...</p>Thu, 06 Aug 2026 02:05:28 GMThttps://www.insurancenews.com.au/the-broker/ivory-names-new-claims-manager-tech-chiefhttps://www.insurancenews.com.au/the-broker/ivory-names-new-claims-manager-tech-chief<p>Lawyer Yen Tran has been appointed national claims manager at Ivory Insurance, as Michael Behm becomes claims counsel in a transition towards retirement...</p>Thu, 06 Aug 2026 02:00:49 GMThttps://www.insurancenews.com.au/the-broker/code-consultation-enters-final-weekhttps://www.insurancenews.com.au/the-broker/code-consultation-enters-final-week<p>Feedback on the proposed redraft of the broking code of practice is due by the end of next week, the profession&rsquo;s peak body says in a reminder...</p>Thu, 30 Jul 2026 02:30:50 GMT