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  1. Winds of change: insurers think again on reinsurance pool
    Did the insurance industry really agree on Friday to help investigate a government-funded cyclone reinsurance pool – something it’s been fighting against for years?
    Daily | 19 Nov 2019 04:29pm
  2. Losses mount as Queensland hailstorm added to catastrophes list
    Insured losses from the Sunshine Coast hailstorm have risen to at least $60 million from 7500 claims, the Insurance Council of Australia says in an update today...
    Daily | 19 Nov 2019 04:28pm
  3. CommInsure pleads guilty to hawking, refunds $12 million
    CommInsure pleaded guilty today in a Sydney court to 87 counts of hawking and is refunding more than $12 million to customers who were incorrectly sold life insurance products...
    Daily | 19 Nov 2019 04:19pm
  4. Aviation, cropping clients face tough markets: Gallagher
    Aviation clients are seeing soaring premiums, the crop insurance market is becoming more difficult amid drought, while natural peril and public liability costs are increasing, broker Gallagher says in a half-yearly market update...
    Local | 18 Nov 2019 02:23pm
  5. Bushfire losses race up to $110 million
    The insurance industry has raised the loss estimates from the latest bushfire catastrophe in NSW and Queensland to $110 million as claims continue to pour in...
    Local | 18 Nov 2019 02:23pm
  6. Insurers agree to investigate cyclone reinsurance pool
    The feasibility of a government-backed cyclone reinsurance pool will be examined as a possible measure to bring down premiums in northern Australia...
    Local | 18 Nov 2019 02:23pm
  7. Australian prices rise amid global market rally: Marsh
    Commercial premium price increases in the Pacific region, where Australia is the largest market, rose 18.8% in the third quarter, as global gains accelerated, Marsh says...
    Local | 18 Nov 2019 02:22pm
  8. CHU’s Lehane honoured as top CEO
    The head of strata insurer CHU has been named Financial Services and Insurance Executive of the Year...
    Local | 18 Nov 2019 02:21pm
  9. Travellers off track with risky destinations
    Risky or “off the beaten track” destinations are attractive to 87% of Australians aspiring to travel overseas, research commissioned by the Department of Foreign Affairs and Trade and the Understand Insurance initiative shows...
    Local | 18 Nov 2019 02:20pm
  10. Brokers low on the list for SMEs seeking advice
    SMEs are turning to financial advisers, accountants and the internet for advice on insurance, ahead of using brokers with expertise in the area, a QBE report finds...
    Local | 18 Nov 2019 02:20pm
  11. Travel disputes keep AFCA busy
    Travel claims are the leading cause of general insurance disputes since October 1, when the Australian Financial Complaints Authority began naming companies in its rulings...
    Local | 18 Nov 2019 02:19pm
  12. Insurance to buck slowing global economy
    The insurance market will be propped up in coming years by very strong demand in China and other parts of emerging Asia, helping the industry buck a trend for weakening global economic growth, Swiss Re says...
    International | 18 Nov 2019 02:18pm
  13. Revenue rise for Ebix
    Insurance software company Ebix’s revenue has grown 14% to $US147.2 million, despite a 20% drop in revenue from its Risk Compliance Solutions channel...
    International | 18 Nov 2019 02:17pm
  14. Fire at UK student hostel sparks new cladding fears
    Concerns over the use of potentially dangerous cladding materials have again emerged after a fire broke out at a student housing block in the UK...
    International | 18 Nov 2019 02:17pm
  15. Talanx sees 4% premium growth in 2020
    HDI Global parent Talanx expects continuing premium growth of about 4% in 2020 after a strong performance so far this year...
    International | 18 Nov 2019 02:16pm
  16. Increasing premium rates, organic growth buoy Beazley
    Specialist insurer Beazley has increased its gross written premium by 12% to $US2.19 billion in the third quarter compared to the previous corresponding period...
    International | 18 Nov 2019 02:15pm
  17. Chubb, NTI take out top spots at IA gala
    About 460 delegates enjoyed three days on Hamilton Island last week for the sold-out annual Insurance Advisernet conference and awards... About 460 delegates enjoyed three days on Hamilton Island last week for the sold-out annual Insurance Advisernet (IA) conference and awards.   Award-winners included Chubb as Insurer of the Year and NTI as Underwriting Agency of the Year.   The conference was attended by authorised representatives (ARs) from Australia, brokers from New Zealand, and insurer and service partners.   Rugby league legend Wally Lewis and Naomi Simson, celebrity founder of Big Red Group, inspired the attendees. Futurist Steve Sammartino was also a keynote speaker.   IA MD Shaun Standfield conducted a closed session outlining initiatives to grow adviser business, including new technology and marketing innovations.   Golf was enjoyed by about 120 attendees in ideal weather on the Hamilton Island Golf Course while another 120 participated in the “IAthlon” walking and running event.   Ian Carr provided an update on the IA Foundation and over the three days more than $200,000 was raised.      This year’s award winners are:    Business Development Manager of the Year – Stephen Carey, Chubb   Insurer of the Year - Chubb    Underwriting Agency of the Year - NTI   Employee of the Year – Priscilla Feehelly   Chairman’s Award – Steve Dymond   IA Region of the Year – Southern Region led by Andrew Borden   Southern Region Practice of the Year - Astute    Northern Region Practice of the Year – Clear Insurance   Central Region Practice of the Year – BurMac Financial Services   Overall Practice of the Year – Joint Winners: Astute and Clear  
    The Professional | 18 Nov 2019 02:14pm
  18. UAC Chairman decides not to stand for re-election
    Underwriting Agencies Council Chairman Lyndon Turner will not stand for re-election at the group’s December AGM after being a board member since 2011...
    The Professional | 18 Nov 2019 02:14pm
  19. Chubb distribution manager moves to national property role
    Chubb has promoted Adrian Habils to the role of Deputy Property Manager, Australia and New Zealand...
    The Professional | 18 Nov 2019 02:12pm
  20. Lloyd’s Development Group seeks Australians for Asia-Pac study tour
    The Lloyd’s Development Group is seeking up to 25 insurance industry employees who work in Australia for a two-week professional development tour of four Asia-Pacific countries...
    The Professional | 18 Nov 2019 02:12pm


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