Broker network acquires major stakes in two businesses
A broker network has snapped up a 50% interest in a WA broker and a 75% stake in an offshore energy agency as it sets its sights on domestic and international distribution in niche markets.
ASIC cancels licences of four brokerages
Four brokerages have had their licences revoked after failing to lodge audited annual statements, while another brokerage’s licence has been suspended.
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.
Hackers targeting SMEs because of their ‘bigger business’ connections
Hackers aren’t just targeting SMEs because they are deemed easy targets, they’re seen as gateways to even more lucrative companies.
Independent brokerage continues expansion plan with new account manager hire
An account manager with broking experience from Marsh, OAMPS, and AIIB General Insurance Brokers, has joined a family-run business, which aims to grow its regional team.
Asia Pacific drives international organic growth for global broker
An insurance broking firm has attributed international organic growth in the second quarter to strong growth in key markets.
Travel insurer pledges continued support for beleaguered airline
A local travel insurer has been moved to clarify its coverage position and underline its backing of an Asian airline following confused media reports.
Ten top tips to make social media profitable
Social media is a tricky beast that you can't ignore: it can make your business but it can also harm it.
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.
Insurer to smash insurance margin guidance
An insurance company has revised its insurance margin guidance upwards, having benefited from favourable natural peril and credit spread outcomes in the second half of the financial year.