Latest Insurance News

QBE Insurance Group has announced a 31-cent ordinary dividend for the half-year ending June 2025, offering shareholders multiple currency payment options and participation in dividend reinvestment and bonus share plans.

QBE Insurance Group reported a robust half-year performance with a 27% jump in net profit and a 6% rise in gross written premium, underpinned by strong underwriting and investment returns. The insurer declared a higher interim dividend, signaling confidence in its growth trajectory.

Helia Group reveals ING Bank Australia will not renew its Lenders Mortgage Insurance contract beyond June 2026, prompting a strategic business review amid evolving market dynamics.

IAG has revised its FY25 financial guidance upward, citing a $200 million reduction in expected natural perils costs, including significant claims from recent NSW floods. This update lifts profit and margin forecasts amid steady premium growth.

Tower Limited has confirmed Paul Johnston as its permanent CEO after a successful interim period, while initiating a search for a new CFO to sustain its financial leadership.

The ACCC has decided not to oppose Insurance Australia Group’s proposed acquisition of RACQ Insurance, finding that competition in Queensland’s motor and home contents insurance markets remains robust despite the deal.

Tower Limited reported a robust half year profit for 2025, driven by improved claims performance and premium growth in its home insurance portfolio, despite ongoing challenges from Canterbury earthquake claims and competitive motor insurance pricing.

QBE Insurance Group has finalised the resale and buyback of its US$400 million perpetual capital notes, leading to their cancellation and delisting from the Singapore Exchange.

QBE Insurance Group has priced a AUD 600 million subordinated notes issuance, strengthening its capital base under APRA regulations with notes maturing in 2036.

Insurance Australia Group (IAG) has entered a strategic alliance with The Royal Automobile Club of Western Australia (RAC), acquiring RAC Insurance and securing a 20-year exclusive distribution agreement. This move significantly boosts IAG's presence in Western Australia and is expected to enhance earnings and operational synergies.

QBE Insurance Group has announced plans to issue AUD subordinated notes as part of its capital management strategy, aiming to strengthen its Tier 2 capital base. Details on pricing and timing will follow, contingent on market conditions.

QBE Insurance Group reported a robust 31% increase in net profit for 2024, declaring its highest dividend in years and outlining a confident outlook for 2025 amid ongoing global risks.