insuranceNEWS.com.au - The Broker

‘Pivotal moment’: IAG revamps intermediated division

Thu, 08 May 2025 01:21:11 GMT

IAG has made a series of senior executive appointments in its intermediated division as part of wider changes to the business...

AFCA backs calls for expanded small business definition in code

Thu, 08 May 2025 01:18:06 GMT

The updated broking code of practice should adopt the Australian Financial Complaints Authority’s broader definition of small business, the ombudsman service proposes...

‘Favourable momentum’ lifts AUB earnings expectation

Thu, 08 May 2025 01:17:53 GMT

Listed intermediary group AUB has reviewed its 2024-25 earnings assessment, noting “favourable trading momentum” since its half-year results in February...

Consumer lobby fears ‘unscrupulous’ commission tweaks on way

Thu, 08 May 2025 01:16:47 GMT

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...

Customer payment risk increasing: Atradius

Thu, 08 May 2025 00:25:17 GMT

Australian companies are reporting liquidity challenges as late payments and defaults grow in an unpredictable trading environment, trade credit insurance provider Atradius says...

Scammer jailed over Instagram ‘ghost broking’

Thu, 08 May 2025 00:24:52 GMT

A British fraudster who pretended to be a car insurance broker and hawked his services on Instagram has been jailed for one year...

Former Coverforce execs set up specialist brokerage

Thu, 08 May 2025 00:24:42 GMT

Sydney-based Ferguson Brown Insurance Brokers is open for business, led by two Coverforce veterans...

ML Specialty opens with ‘unique and complex’ covers

Thu, 08 May 2025 00:24:18 GMT

Market Lane Insurance Group has launched ML Specialty, a hub providing tailored covers for niche markets...

Hutch rolls out ‘minimal admin’ trades package

Thu, 08 May 2025 00:24:08 GMT

Hutch Underwriting has launched cover designed for bricklayers, carpenters, landscapers, painters, shop fitters and similar trades...

Forced divestment a last resort, Lib senator tells brokers

Thu, 01 May 2025 02:00:23 GMT

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...

ACCC doubles down on call to end commissions

Thu, 01 May 2025 02:00:16 GMT

The competition regulator has confirmed its stance against broker commissions in a submission to the profession’s code of practice review...

Pizza maker wins compensation over ‘traumatic’ claim process

Thu, 01 May 2025 02:00:09 GMT

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...

Envest wraps up Ando deal

Thu, 01 May 2025 01:49:48 GMT

Envest Group has completed its acquisition of a stake in New Zealand underwriting agency Ando Insurance...

UAA, QBE extend capacity agreement

Thu, 01 May 2025 01:35:45 GMT

Steadfast-owned Underwriting Agencies of Australia has renewed its binder agreement with QBE for another 10 years...

Allianz’s new relationship manager focuses on broker priorities

Thu, 01 May 2025 01:35:35 GMT

Pamela Beilby has joined Allianz as national relationship manager in the commercial team...

Arch bolsters PI underwriting with new hire

Thu, 01 May 2025 01:34:07 GMT

Arch Insurance Australia has added to its professional indemnity team, recruiting Relanda Taing as senior underwriter for the northern region...

NIBA to wine and dine young members

Thu, 01 May 2025 01:33:42 GMT

The National Insurance Brokers Association will host a wine and cheese evening for young professionals in Victoria this month...

UAC gears up for Melbourne Market Exchange

Thu, 01 May 2025 00:42:10 GMT

The Underwriting Agencies Council will hold its next Market Exchange in Melbourne on May 13, at the city’s convention and exhibition centre...

Brokers flag fears over looming commission consent rules

Thu, 24 Apr 2025 02:04:37 GMT

New rules that require client consent for general insurance commissions could force intermediaries to stop advising on retail products, some brokers have warned...

Pacific rate decline leads global slide: Marsh index

Thu, 24 Apr 2025 02:04:30 GMT

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...