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Steadfast profit boosted by brokers, agencies

Steadfast has reported a strong increase in earnings as its broking and agency businesses benefited from pricing conditions and acquisitions contributed to revenues. Net profit was $143 million compared...

Steadfast buys Coverforce after competitive process

Steadfast says its acquisition of Coverforce for $411.5 million follows a competitive process run by an investment bank that attracted strong interest. “Our information is that it was very well considered...

Cyclone pool 'should be extended to all Australian perils'

June 28, 2021 – Queensland-based RACQ says the scope of the proposed cyclone reinsurance pool announced by the Federal Government should be extended to all major natural perils across the country. RACQ...

Headlines & Bits of Interest – 25 February 2021

Yellowstone River in Winter The world at a glance Australia – ICA announces launch of second business interruption test case. Federal Court of Australia proceedings have commenced to test...

13 November 2020 – Weekend Read

Photograph: memories of summer “Sustainable economic recovery needs a policy reset that includes investment in infrastructure, technology and climate. Building new sustainable infrastructure will have...

APRA releases general insurance statistics for September 2020

The Australian Prudential Regulation Authority (APRA) released its Quarterly General Insurance Performance Statistics and Quarterly General Insurance Institution Level Statistics publication for...

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