BIZCOVER ANNOUNCES WHITE LABEL DEAL WITH AUSSIE RETAILER
BizCover has announced that it has signed a partnership with leading gas and electricity supplier CovaU to provide a white label solution for its website. The online broker will see business customers of CovaU offered cover via a white label solution, opening up a new client base for BizCover. Michael Gottlieb, BizCover managing director, said the business was pleased to formally launch the offering and he believed the disruptive nature of both businesses made them a good fit. “We’re thrilled to be formally launching our white label solution as this will herald another big change in the industry, making online business insurance even more accessible for small businesses across Australia,” Gottlieb said.
PREMIUM FUNDING ANNOUNCES ‘INDUSTRY CHANGING’ LOAN PRODUCT
Premium Funding has announced a new product designed to boost broker commissions and help clients secure credit. Premium Funding Advance will offer clients preapproved business loans, giving brokers access to a new revenue stream while helping clients access capital. “It’s very simple and requires no extra work for brokers,” Ross Hayward, director of Premium Funding, said of the product. The product was trialled over an eight-month period and saw close to 100 of the brokers’ clients taking out $2m in loans.
XL CATLIN INTRODUCES ACTIVE ASSAILANT COVERAGE TO COMBAT TERRORISM
XL Catlin has added active assailant coverage to its crisis management product suite to respond to the threat of terror attacks facing businesses and public service providers. The updated offering will cover businesses for standard property damage alongside cover for business interruption and is designed to respond to the threat of physical attack faced by businesses and public service providers.
PEOPLE NAME
LEAVING
JOINING
NEW POSITION
Fergus Brooks
Secure Logic (Asia-Pacific)
Aon
Cyber risk national practice leader
Derek Martin
Zurich
Allianz Global Corporate & Specialty
Claims manager – Pacific
Darren Cant
n.a.
Chubb
Head of risk engineering – P&C
John Stabelos
n.a.
Chubb
P&C technical risk engineering manager, Asia-Pacific
Peter McKay
n.a.
Chubb
P&C risk engineering manager, Australia – Northern Region
Vikram Choudry
High Street Underwriting Agency
CRM Brokers
Broking operations manager, General Division
Steve Marshall
Strategy 2 Implementation
IAG
Executive general manager, long-tail claims
Gerald Ewing
AIG
Regis Mutual Management
CEO, Australia
Michael Giansiracusa
n.a.
Whitbread Insurance Brokers
General manager, strategic alliances
Ben Bowen
n.a.
Whitbread Insurance Brokers
General manager, broking
Graham Stevens
n.a.
World Federation of Insurance Intermediaries
Chairman
Philippe Gouraud
AIG
XL Catlin
Head, strategic client and broker management
Stuart Farquharson
AIG
Zurich
Chief financial officer
Hilary Bates
QBE
Zurich
Chief claims officer
Lori Messori
n.a.
Zurich
Head, commercial distribution
NIBA PRESIDENT GIVEN INTERNATIONAL ROLE
Graham Stevens, the current president of NIBA, has been announced as the new chairman of the World Federation of Insurance Intermediaries (WFII). Stevens, an executive director at Edgewise Insurance Brokers, becomes the first Australian to be appointed to the prestigious global role. With headquarters in Brussels, WFII represents more than 400,000 insurance brokers and agents from more than 100 national associations across the world, and Stevens said it was a great time to take on the role. “It’s a fascinating and fast-paced time for us all, and being closely involved with WFII helps to make sure the interests of Australian brokers are represented at the highest level,” he said.
ZURICH APPOINTS NEW CHIEF CLAIMS OFFICER
International insurer Zurich has announced a new chief claims officer for its general insurance business in Australia and New Zealand. Hilary Bates has been appointed to the role. Bates has held a number of insurance leadership roles across the US and, more recently, was head of strategy and technical at QBE in Australia. Rajbir Nanra, Zurich’s CEO of general insurance for Australia and New Zealand, said in a statement that Bates would bring to the role a “wealth of leadership and industry experience” gained through an “esteemed international career”.
www.insurancebusinessonline.com.au
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