The Broker
AFCA backs calls for expanded small business definition in code
08 May 2025
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
08 May 2025
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
08 May 2025
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
08 May 2025
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’
08 May 2025
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
08 May 2025
Sydney-based Ferguson Brown Insurance Brokers is open for business, led by two Coverforce veterans...
ML Specialty opens with ‘unique and complex’ covers
08 May 2025
Market Lane Insurance Group has launched ML Specialty, a hub providing tailored covers for niche markets...
Hutch rolls out ‘minimal admin’ trades package
08 May 2025
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
01 May 2025
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
01 May 2025
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
01 May 2025
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
01 May 2025
Envest Group has completed its acquisition of a stake in New Zealand underwriting agency Ando Insurance...
UAA, QBE extend capacity agreement
01 May 2025
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
01 May 2025
Pamela Beilby has joined Allianz as national relationship manager in the commercial team...
Arch bolsters PI underwriting with new hire
01 May 2025
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
01 May 2025
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
01 May 2025
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
24 April 2025
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
24 April 2025
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...
New strata code to tackle commissions: SCA
24 April 2025
The Strata Community Association says it will address commission-based remuneration as it works to create a national code of ethics for the industry...