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Steadfast Direct – Landlords Insurance

Steadfast Direct – Landlords Insurance Quotesonline can now offer Steadfast Direct Landlords Insurance quotes, the product offer exclusively to Steadfast Brokers through IAL. There are two Landlords products available: Steadfast Accidental Damage Landlords Policy Steadfast Listed Events Landlords Policy About IAL IAL is proudly backed by Insurance Australia Group (IAG) – the largest general Insurer in Australia and New Zealand, with a growing presence in Asia. Last year, IAG insured over $2 trillion worth of assets, collected $11.4 billion in premiums and paid out almost $9 billion in

Life insurer Zurich to buy life insurance business of Macquarie Group

Life Insurer Macquarie Group has announced that it is entered into an agreement to sell it’s life insurance Business to Zurich Australia Ltd. The transaction is subject to regulatory approvals, however it is expected to be completed in the second half of 2016, and Macquarie Life staff will transfer to Zurich as part of the acquisition. Greg Ward, Head of Macquarie’s Banking and Financial Services Group said: “Macquarie Life is a well performing business and has been recognised by the industry

Insurer IAG Announces 1st Half Results

  IAG has reported a 1H16 insurance profit of $610 million (1H15:$693 million) and an insurance margin of 14.9% (1H15:13.4%), representing a sound result despite challenging conditions in its core Australian and New Zealand commercial markets. Key financial indicators are: Insurance profit $610 million (1H15:$693 million) Reported insurance margin 14.9% (1H15:13.4%) Underlying insurance margin1 14.2% (1H15:13.3%) including a Berkshire Hathaway quota share positive effect of approximately 250 basis points (bps) Gross written premium (GWP) $5.5 billion (1H15:$5.6 billion) Net profit after tax $466 million (1H15:$579 million) Cash return on equity (ROE)

Chubb and ACE are now Chubb

   The New Chubb On Monday, 15 January 2016, ACE Limited completed the acquisition of the Chubb Corporation, creating a global insurance leader operating in 54 countries under the renowned Chubb name. In Australia the two companies are still separate legal entities, however the integration process is underway. The company will commence operations together as Chubb under one management structure on 1 April 2016. ACE and Chubb entities will stop competing When the transaction is completed and the new company is formed, the operations will no longer compete with

IAG announces changes

Insurance Australia Group (IAG) Managing Director and CEO, Mr Mike Wilkins, today announced changes to IAG’s executive team effective 31 March 2015. IAG Chief Executive Commercial Insurance, Mr Peter Harmer, will lead the Group’s digital strategy over 2015. Chief Commercial Officer for IAG’s Commercial Insurance business, Mr Ben Bessell, will step into Mr Harmer’s role as acting Chief Executive Commercial Insurance. Ms Leona Murphy will resume the role of Chief Strategy Officer while retaining her current responsibility for managing the program to move

Is Google Insurance Coming?

Google Insurance Comparison With News Google has registered business names in the United States for its car insurance comparison site, could it also be planning to bring it to Australia? Google currently compares 176 insurance providers in the United Kingdom, however it face a number of hurdles before it could enter into the Australian insurance market 1) Insurers reluctance Since 2002 the owners of Quotesonline have approached leading Australian insurers, all of whom refuse to enter into the aggregation space, fearing

Travel Insurance for Bali

Australians Urged To Get Travel Insurance Before Travelling To Indonesia

“If you can’t afford to travel to Bali with travel insurance, then perhaps you should rethink your travel.” Australians planning to travel to Indonesia have been advised to exercise a high degree of caution following intelligence about potential terrorist attacks. Ms Bishop recommended Australians “read the travel advice” available. Ms Bishop said she would feel comfortable holidaying in Bali now, but that travellers should take out insurance. “If you can’t afford to travel to Bali with

Allianz advise no impact to NCB for motor claims arising from Brisbane Storms

No impact to NCB for motor claims arising from Brisbane Storms for Allianz Clients The storm that hit parts of South East Queensland on Thursday 27 November caused damage to a large number of properties and vehicles. With many of these claims being for motor, Allianz has made the decision not to impact the No Claim Bonus of customers who have lodged a motor claim relating to this storm. Their decision extends to all Domestic Motor claims made as a result

Allianz purchase Insurer TIO

  Northern Territory Insurer Sold The Territory Insurance Office (TIO) will have new ownership but will remain a stand-alone brand in a deal worth $424 million. Chief Minister Adam Giles said under the new arrangements, Allianz will take ownership of TIO insurance, while the banking services will transition to People’s Choice Credit Union. “The Government had the option of selling the insurance, banking and Motor Accidents Compensation arms of the business with an estimated total

Insurer offers Ebola specific Business Interruption Insurance

Ebola specific Business Interruption Insurance Brooklyn Underwriting is offering a Ebola specific Business Interruption Insurance, the policy offers business owners the chance to insure against an Ebola shut down, coverage includes a ‘per day’ benefit up to 30 days (following a forced shut-down) plus mandatory evacuation expenses. Limits from $250,000 to $5,000,000 are available . Brooklyn Undwriting is located in Sydney Australia, Brooklyn Underwriting Pty Ltd (Brooklyn) is a specialist underwriting agency that has been operating in the Australian wholesale

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