Country: Australia Page 31 / 87
-
- July 3 2023
IAG-backed CGU and ANZ enter bancassurance deal
The partnership will see the personal lines insurer underwrite home, landlord and motor insurance products for the bank's retail customers.
-
- June 30 2023
Australian court fines IAG record US$26.5m for pricing misconduct
The insurer said that it will pay the penalty from the A$123m customer refund provision made earlier this financial year.
-
- June 30 2023
Suncorp joins Australia’s cyclone reinsurance pool
All new and renewal policies for home, strata, landlord and small business property insurance across the group’s brands, including AAMI, Apia and Vero, will now access the pool.
-
- June 30 2023
Aviso Broking promotes Paul McLean to chief distribution officer
McLean (pictured) was elevated in a recent management restructuring programme that formed a new executive team, following the Ardonagh buyout.
-
- June 29 2023
RACQ withdraws from Queensland CTP scheme
This decision follows a long-standing demand from the insurer to fix the scheme's lack of ‘equitable distribution of risk’.
-
- June 28 2023
Everest Insurance hires Marsh veteran to head APAC
Sydney-based Scott Leney will oversee business strategy and portfolios both in Asia and the Pacific and report to Everest Insurance International co-heads Adam Clifford and Jason Keen.
-
- June 28 2023
Opinion: When algorithms fail – the Australian pricing debacle
The ASIC review, which blames overreliance on technology, offers a cautionary tale for the wider (re)insurance markets.
-
- June 27 2023
Arch Australia hires Katrina Palmer as senior underwriter
Brisbane-based Palmer is a financial lines specialist and will report to Steven Gaitanis.
-
- June 26 2023
360 Underwriting hires IAG senior executive
Sydney-based Natalie Kaczanowski joins the AUB-owned MGA as national underwriting manager.
-
- June 23 2023
RiskPoint bolsters APAC M&A team with ex-AIG hire
Sydney-based Diana Hu joins as underwriting director and will work with Maria Steeples, the MGA’s regional managing director and head of M&A.
-
- June 23 2023
Australian carriers to return US$550m to customers after regulatory crackdown on pricing misconduct
IAG will pay US$300m and RACQ return US$150m after the ASIC intervention found 'systemic failure by insurers to deliver on their pricing promises'.
-
- June 23 2023
Australasia cyber talent pool widens amid more buyers and high limits
Insurers are fast expanding their cyber underwriting teams in the region due to rising vulnerability to cyber-attacks and growing demand.
-
- June 20 2023
IAG exits Net-Zero Insurance Alliance
The Australian giant, which joins a host of global (re)insurers in leaving the UN climate group, has told IAN that it is committed to reaching net-zero by 2050.
-
- June 19 2023
AUB completes US$10m share purchase plan
The proceeds will be used to increase financial flexibility and balance sheet strength to allow AUB to capitalise on its 'attractive M&A pipeline'.
-
- June 16 2023
Suncorp and ANZ agree bank merger conditions with Queensland as ACCC decision looms
Suncorp CEO Steve Johnston believes the group can more readily address issues such as climate change, affordability and resilience as 'a pure play insurance company'.
-
- June 16 2023
‘Late’ July renewals to continue hardening trend
Sluggish retro markets, and elevated nat cat losses in Australia and New Zealand will weigh on 1.7.
-
- June 15 2023
Howden Australia ups its sport and entertainment game with broker hire
The global broker has appointed Ben Hand, most recently a manager at CorpSure Insurance Broking, to lead the team.
-
- June 15 2023
TA Associates explores Honan exit at US$300-400m valuation: report
The private equity firm took an undisclosed stake in the acquisitive Australian P&C broker in 2020.
-
- June 15 2023
IAG hikes rates substantially in New Zealand and Australia
The carrier said price rises of up to 30% were a result of unprecedented nat cats, claims' inflation and reinsurance costs.
-
- June 15 2023
McLarens-owned Australia and NZ specialist adjuster rebrands
GKA Investigations Group, which provides fire forensics and forensic engineering services, has become Halliwell as an extension of the US operations.
