AUB Group, which is placed by AM Best's Review on the "Top 20 Global Brokers 2024" list, has agreed to acquire an 80% equity stake in the Movo Group of Companies (Movo).
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has announced the winners of the 20th Australian Insurance Industry Awards.
IAG, the biggest non-life insurer in Australia and New Zealand, has announced its results for the financial year ended 30 June 2024, reporting a net profit after tax (NPAT) of A$898m ($605.3m), an increase of 7.9% on FY23.
Australia has dealt with cyber breaches of some major companies including financial and insurance companies, says QBE Insurance.
Aviva Investors has appointed Mr Denis Resovac as head of insurance solutions sales. In this newly created role, he will be responsible for leading the development of investment solutions for Aviva Investors' insurer clients across APAC.
Oliver Wyman has appointed Mr Paul Ricard as head of insurance and asset management. In his new role, he will be responsible for driving the growth of Oliver Wyman's insurance and asset management practice in the region, leading development of client accounts and ensuring the business is effectively serving the needs of the region.
Brisbane-headquartered Suncorp Group yesterday reported an increase in earnings driven by improved underlying margins, positive investment returns and natural hazard costs below allowances.
The lack of progress by superannuation funds in tracking the success of their retirement income strategies, an area specifically called out in APRA and ASIC 2023 thematic review report, is most concerning, APRA deputy chair Margaret Cole has said.
Insurance Council of Australia (ICA) and Planning Institute of Australia (PIA) have together called on local, state and federal governments to reduce vulnerability to natural hazards and to make progress on much needed reforms against a backdrop of growing housing challenges.
As inflation and recession concerns recede, there is a noticeable increase in risk tolerance and confidence among Australian insurers, according to the "2024 Australian Insurance Report" by London-headquartered Janus Henderson Investors.