A not-for-profit organisation is taking a number of cases where insurers are said to have discriminated against policyholders to the Human Rights Commission – and it has not ruled out a class action either.
An insurance broking house has acquired 100% of an underwriting agency that acts exclusively for the intermediary market – and hints at further acquisitions down the line.
Wesfarmers says market volatility and ‘unacceptable’ levels of return for shareholders factored into its decision to sell its underwriting arm.
Wesfarmers has sold its underwriting unit for $1.845bn.
An underwriting agency is hiring a string of experienced professionals from major insurers and plans to create a base in another major city.
Brokers may have been rubbing their hands at the prospect of a sellers’ market for brokerages, but could the M&A market have already peaked?
Australia's insurers are standing together on commission policy following Vero's reduction of personal lines rates – but are they keeping commissions stable or planning to follow suit?
An insurer calls for the government’s reforms to take a deeper look at the surrounding issues and industry bodies voice their views as the debate over strata insurance intensifies.
Insurance may be caught up in targeting fresh talent at graduate level but it is missing a trick by not targeting people in their 20s and 30s, says one late convert to the industry.
Another insurer has revealed its total insurance losses from the NSW bushfires.