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NSW Introduces Strata Law Reforms to Strengthen Community Protections

06 Jun 2026: Paige Estritori

The New South Wales (NSW) Government has initiated a series of reforms to modernise strata regulations, aiming to bolster transparency and accountability within strata management. These changes are designed to provide greater protection for property owners and enhance the governance standards of strata schemes. - read more

EML Group's Strategic Acquisition of Guild Insurance

06 Jun 2026: Paige Estritori

In a significant move within the Australian insurance landscape, EML Group has acquired a 70% stake in Guild Insurance. This strategic partnership is poised to unlock new growth avenues and accelerate the development of technological and artificial intelligence capabilities within the industry. - read more

APRA's Enhanced Capital Requirement for Sovereign Insurance Australia

06 Jun 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has mandated an additional $2 million capital requirement for Sovereign Insurance Australia, citing significant deficiencies in the company's risk management framework and operational risk management practices. - read more

IAG's Strategic Vision: Ambition 2030 Targets $25 Billion GWP

06 Jun 2026: Paige Estritori

Insurance Australia Group (IAG) has unveiled its 'Ambition 2030' strategy, setting a goal to achieve over $25 billion in gross written premium (GWP) by the year 2030. This ambitious plan also includes expanding its customer base to more than 11 million individuals. The announcement was made during IAG's Investor Day in Sydney, where the company outlined its refreshed long-term financial targets and strategic initiatives. - read more

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Flood Insurance:
A specific type of property insurance that covers losses and damage caused by flooding.

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