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Insurance News from Insurance Online

Insurance Online is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

EQT's $3.41 Billion Bid for AUB Group: A Game-Changer in Australian Insurance
EQT's $3.41 Billion Bid for AUB Group: A Game-Changer in Australian Insurance
31 Oct 2025: Paige Estritori
In a significant development within the Australian insurance sector, Swedish private equity firm EQT has proposed a takeover of AUB Group, valuing the company at A$5.25 billion (US$3.41 billion). This offer represents a 25.1% premium over AUB's last closing price, indicating EQT's strong interest in expanding its footprint in the Australian market. - read more
AIG Australia Penalised for Breaching Insurance Code Obligations
AIG Australia Penalised for Breaching Insurance Code Obligations
31 Oct 2025: Paige Estritori
The Insurance Code Governance Committee has imposed a $30,000 penalty on AIG Australia for breaching its obligations under the insurance code. The breaches pertain to the insurer's failure to inform customers about delays in handling their complaints and neglecting to notify them of their right to escalate matters to the ombudsman. - read more
Reinsurance: The Backbone of Stability for Australian Insurers
Reinsurance: The Backbone of Stability for Australian Insurers
31 Oct 2025: Paige Estritori
A recent report by the Actuaries Institute has shed light on the pivotal role of reinsurance in maintaining the stability and affordability of Australia's insurance sector. The study reveals that without investing approximately $2.5 billion in reinsurance, local insurers would need to hold an additional $70 billion in capital to meet current regulatory requirements. - read more
ASIC Initiates Legal Action Against RACQ Insurance Over Misleading Premium Practices
ASIC Initiates Legal Action Against RACQ Insurance Over Misleading Premium Practices
23 Oct 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024. - read more
Australian Insurance Industry Reports Record $6.1 Billion Profit Amid Rising Premiums
Australian Insurance Industry Reports Record $6.1 Billion Profit Amid Rising Premiums
23 Oct 2025: Paige Estritori
Australia's insurance industry has reported an after-tax profit of $6.1 billion for the year 2024, a figure that is three times higher than the five-year average of $2 billion. This substantial increase is attributed to significant premium hikes and a relatively benign year for natural disasters. - read more

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

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