Latest Insurance Sector News

The ACCC has opposed IAG’s proposed acquisition of RAC Insurance in Western Australia, citing concerns it would stifle competition and lead to higher premiums and reduced product quality.

Camplify Holdings reported a $15.8 million net loss for FY25 amid strategic consolidation and tech integration, while launching its MyWay membership model to drive future profitability.

Challenger Limited has provided a detailed update on APRA’s proposed capital standards, highlighting enhanced capital strength and strategic growth opportunities in the life insurance sector.

Aeeris Ltd reported a profitable quarter with 13% revenue growth and launched its proprietary AWARE system, while navigating the departure of its founder and CEO.

Helia Group’s 3Q25 APRA data reveals rising gross written premiums despite government scheme pressures, while a Board review confirms strategic focus on the Australian LMI market with significant cost cuts.

Insurance Australia Group (IAG) reported strong FY25 results and upgraded its FY26 guidance, reflecting the completed RACQ acquisition and ongoing strategic growth initiatives.

Vection Technologies has secured $21 million through an upsized placement driven by strong defence sector momentum and announced a binding offer to acquire digital transformation firm DXLabs, bolstering its revenue and growth prospects.

Bravura Solutions has appointed Colin Greenhill as its new Group CEO, effective 1 January 2026, following a comprehensive global search. Greenhill brings over 15 years of leadership experience in financial services software, signaling a strategic step forward for the company.

NIB Holdings Limited has updated its dividend details, declaring a fully franked ordinary dividend of AUD 0.16 per share for the first half of FY2025 and revising the Dividend Reinvestment Plan price to AUD 7.5154.

The ACCC has raised preliminary concerns that IAG’s proposed acquisition of RAC Insurance in Western Australia could reduce competition, potentially leading to higher premiums and limited repair service access for rivals.

NIB Holdings Limited has announced a fully franked ordinary dividend of AUD 0.16 per share for the half-year ending June 2025, accompanied by a Dividend Reinvestment Plan offering.

Helia Group Limited delivered robust half-year results for 2025, reporting a statutory net profit after tax of $134 million and a significant 28% increase in gross written premiums. The company strengthened its capital position while navigating a shifting mortgage insurance landscape.