Insurer gives enforceable undertaking over FSL funds
An insurer will need to shell out another $210,000 following its over-collection of the Victorian Fire Services Levy during 2012 and 2013, after agreeing these funds should have ideally been refunded directly to customers.
Insurer to provide host of commercial insurance products to new affinity partner
An insurer has entered into a new partnership, using brokered and direct methods to offer a string of products to the clients of a new affinity partner.
IAG declares ‘market leadership’ in commercial insurance
The recent acquisition of Wesfarmers’ insurance underwriting businesses and a strong operating performance has led IAG to declare commercial insurance "market leadership" in Australia.
Insurer boosts senior management team capabilities
A specialist insurer has appointed a former IAG actuary and an Allianz underwriter to its senior management team in a move the insurer says is an investment in its areas of expertise.
Insurer to reach ‘mutually satisfactory outcome’ over FSL over-collection
The Fire Services Levy Monitor, which singled out one insurer for not refunding money directly to policyholders, is confident a solution will be reached.
Insurer under fire for not refunding $1.5m levy over-collection to customers
The FSL monitor is to hold crisis talks with an insurer, which is said to be one of the only ones that did not refund its over-collection back to the customers – but the insurer in question says it has returned monies to a cause its policyholders would support.
Employees leaving insurer in acquisition aftermath
Several insurer staff are rumoured to be leaving a business as a result of a major acquisition but the acquiring company says it is a small figure.
CGU broking boss joins family-owned brokerage
A CGU national relationships manager with 20 years’ experience has accepted a new role at an independent intermediary.
Australian Insurance Industry Awards finalists revealed
The finalists of the 2014 Australian Insurance Industry Awards have been revealed. Read on to find out if your employer has been shortlisted.
Five Minutes With...Bunmi Ajayi, Megalines
Bunmi Ajayi, managing director of Megalines and Westcourt AR, talks about rebranding the insurance industry, rolling back GST and arranging cover for a hypnotist.