News
nib offloads World Nomads in $67.5 million deal
7+ hour, 1+ min ago (252+ words) World Nomads is a strong brand with global recognition, and SiriusPoint and IMG bring significant sector experience, international scale and capital to support the next phase of its growth and development," said Ed Close,nib's managing director in an ASX…...
Ocean Underwriting launches complex risks liability facility for Australian brokers
12+ hour, 27+ min ago (633+ words) Ocean Underwriting launches complex risks liability facility for Australian brokers'Insurance Business Ocean Underwriting launches complex risks liability facility for Australian brokers Facility targets higher hazard, hard-to-place risks beyond standard liability Ocean Underwriting has launched a Complex Risks Liability (CRL) facility…...
Australia’s cyber posture shows progress - but gaps in controls and reporting keep insurers on alert
13+ hour, 26+ min ago (784+ words) Government entities show uneven cyber implementation, persistent capability gaps'Insurance Business Australia's cyber posture shows progress - but gaps in controls and reporting keep insurers on alert New ASD data reveals uneven cyber maturity across federal entities, rising incident activity, and escalating…...
PRA priorities 2026: Why brokers are now in the regulator’s delegated authority spotlight
13+ hour, 58+ min ago (514+ words) According to Jeremy Irving (pictured), partner at law firm Browne Jacobson, intermediaries should read the paper less as background noise and more as an early warning." "This goes to the heart of many operations that insurers conduct," he said. "And…...
Insurance moves: Lockton, Arch Insurance Australia, Wotton Kearney
14+ hour, 15+ min ago (688+ words) Insurance moves: Lockton, Arch Insurance Australia, Wotton Kearney'Insurance Business Insurance moves: Lockton, Arch Insurance Australia, Wotton Kearney One appointee arrives after a 46-year career at Aon Lockton, Arch Insurance Australia, and Wotton Kearney have announced new senior appointments and an…...
Sun Life posts 200-basis-point victory over closest competitor
17+ hour, 53+ min ago (435+ words) Sun Life Financial has reported strong fourth-quarter and full-year results for the period ended December 31, 2025, outpacing its closest rival Manulife on key profitability metrics as the Toronto-based insurer capitalises on disciplined execution and favourable market conditions. The company posted underlying…...
Bravo Networks loses third member in months to Brokerbility
20+ hour, 43+ min ago (417+ words) Brokerbility has added Goodmans Insurance Brokers to its community network, marking the third firm to join from Bravo Networks in recent months as the "400 million GWP network pursues selective growth amid a broader slowdown in UK insurance broker M&A…...
Cyberattacks emerges as “material transaction risk” for PE
21+ hour, 8+ min ago (597+ words) Kroll has released a report warning that cyber incidents have'become a "material transaction risk" for private equity (PE), causing significant value destruction across the deal lifecycle and rising in frequency.' The report, based on a survey of 325 PE firm executives,…...
Purbeck Insurance unveils insurance apprenticeship programme
21+ hour, 59+ min ago (474+ words) Purbeck Insurance Services has launched an apprenticeship programme aimed at bringing new talent into the insurance profession.The programme will focus on developing skills in the niche area of personal guarantee insurance (PGI). The move coincides with National Apprenticeship Week,…...
IAG profit drops but underlying margins hold and capital return ramps up
1+ day, 7+ hour ago (334+ words) Insurance Australia Group (IAG), one of Australasia's largest insurers, has posted a sharply lower statutory profit for the first half of FY26, as a burst of severe seasonal weather in Australia collided with the early months of its newly acquired RACQ…...