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NIB sells international travel insurance business to NYSE-listed party
The global insurance underwriter, which is based in Bermuda, has paid a sale price of around $100 million.
Insurance premiums could rise nationwide as IAG claims surge
Australia’s largest insurer says damaging storms in Queensland and the Victorian carjackings have triggered a sharp rise in payouts during the past half.
New chair Sarah Court brings continuity to ASIC but critics want change
In choosing ASIC chair Joe Longo’s loyal deputy to succeed him, the government has ignored calls for a major reset at Australia’s corporate regulator.
How Victoria’s crime problem is hitting household budgets
A surge in car thefts in the state is feeding through to higher insurance premiums, according to new research from Morgan Stanley.
IAG to fight for $1.4b West Australian deal after regulator roadblock
The company will ask the ACCC to re-assess its RACI acquisition under new merger rules to take effect on January 1, after the proposal was denied.
November 2025
AUB’s private equity suitors walk from $5b buyout of insurance broker
The company said EQT and CVC Capital Partners indicated they did not intend to proceed with a $45-per-share bid, and that it was confident in its strategy.
November 2025
AIG abruptly withdraws top job for former QBE chief executive John Neal
The insurer, which announced Neal’s appointment as president earlier this year, said he would no longer be joining the company due to “personal circumstances”.
CVC Capital Partners brings in bankers for $5b joint bid for AUB
It comes after AUB on Monday granted EQT a two-week extension on exclusive due diligence, after the buyout firm was approached by CVC to form a consortium.
We must adapt to climate change: Suncorp CEO
Net zero goal apart, there must be greater focus on resilience and mitigation against natural disasters such as floods, bushfires and storms, says Steve Johnston.
Why climate change will put your insurance premiums underwater
Decisions made by governments and developers in the past are now contributing directly to cost-of-living pressures for unsuspecting home owners.
IAG executive shuffle puts CEO succession in the spotlight
Amanda Whiting, who has run IAG’s New Zealand business for more than four years, is keen to return to Australia, Street Talk understands.
October 2025
Steadfast stock slumps as CEO benched amid sexual harassment probe
Frank O’Halloran, the insurance broking group’s chairman, used the company’s annual meeting to ask shareholders to be patient while an investigation finished.
Insurance giant AUB Group confirms $5.2b private equity bid
Other market participants, who spoke to this column on the condition of anonymity, were less enthused, describing the offer as a “reasonable start”.
$42b ‘disaster penalty’ impacting flood zone homes
New modelling by the Climate Council shows home owners are paying a combined $42 billion “disaster penalty” due to climate-driven flooding.
80pc of homes at severe flood risk lack insurance: report
The Insurance Council has called out the growing problem of flood-prone residents un- or underinsured, after steep premium rises.
September 2025
The warped economics of insuring climate destruction
A net zero ambition is not virtue signalling. It is smart long-term business strategy. For the insurance sector specifically, it could ultimately be existential.
IAG’s $1.4b WA deal in doubt as regulator flags concerns
IAG’s proposed acquisition of Royal Automobile Club of Western Australia could lead to higher premiums and lower quality products, the ACCC says.
August 2025
Insurance sector warned of reputation pitfalls in deploying AI
A report from the CSIRO and Insurance Council on Monday stresses the need to create guardrails to protect insurance consumers as AI deployment gains momentum.
Insurance Australia Group sees profits jump after tech revamp
Chief executive Nick Hawkins says a new technology platform has simplified the business and allowed IAG to focus on acquiring new policyholders.
