Wednesday, December 13, 2017

Australia

IAG secures US$7bn reinsurance cover for 2016

IAG secures US$7bn reinsurance cover for 2016

The new programme provides protection for most parts of Asia, as well as Australia and New Zealand.

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Australia’s financial, insurance sector spends US$2.2bn to fight fraud

Australia’s financial, insurance sector spends US$2.2bn to fight fraud

Sophisticated cybercrime seen as one of the biggest threats to the country

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Chinese investment in insurance industry set to continue

Chinese investment in insurance industry set to continue

The sustained influx of Chinese capital is triggering competition among insurers around the world.

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Qantas enters Australia’s life insurance market

Qantas enters Australia’s life insurance market

The Aussie airline is launching its own branded health insurance products in partnership with nib.

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NAB Nippon Life aims to lead Australia’s life market

NAB Nippon Life aims to lead Australia’s life market

The joint venture company is aiming to become the largest writer of life insurance premiums Down Under.

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Australia’s private health insurers face tough times

Australia’s private health insurers face tough times

Data from the Australian Prudential Regulation Authority shows slowest growth since March 2007.

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XL Catlin strengthens Aussie crisis management

XL Catlin strengthens Aussie crisis management

Shelley Devane joins as head of crisis management for Australia from AIG.

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Aussie government alarmed by falling insurance coverage

Aussie government alarmed by falling insurance coverage

Many Australian consumers say they are not getting value for money from their policies.

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Talbot establishes crisis management unit in Australia

Talbot establishes crisis management unit in Australia

Steve Ward and Hamish McKay have been tasked to drive growth in specialty lines in the country.

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Nippon Life seals US$1.65bn deal for NAB’s life unit

Nippon Life seals US$1.65bn deal for NAB’s life unit

The bank will unveil details of the acquisition during its full-year profits announcement on Wednesday.

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IAG’s chief strategy officer set to exit

IAG’s chief strategy officer set to exit

Chief strategy officer Leona Murphy is reportedly leaving, just one month after CEO steps down.

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ANZIIF teams up with Thai Insurance Institute

ANZIIF teams up with Thai Insurance Institute

The Australian and New Zealand institute will provide training for insurers in Thailand.

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IAG drops China to focus on other Asian markets

IAG drops China to focus on other Asian markets

The Aussie insurer has decided to abandon its plan to further expand in China, according to a report.

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Nippon Life eyes NAB’s insurance unit

Nippon Life eyes NAB’s insurance unit

The Australian bank has put its insurance unit on sale due to tightened global regulations.

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IAG to go ahead with China expansion plan

IAG to go ahead with China expansion plan

Incoming CEO Peter Harmer has affirmed the group’s commitment to growing in Asia.

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Australian regulator cancels ACI Broking licences

Australian regulator cancels ACI Broking licences

ASIC cited concerns about breaches of a number of reporting, financial and other obligations.

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Indonesian regulator revokes licence of MAA General

Indonesian regulator revokes licence of MAA General

Its Indonesian operation licence has been revoked with effect from September 3 2015.

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Commercial premium declines likely to ease this year

Commercial premium declines likely to ease this year

Rates dropped globally during the second quarter of this year, led by Asia Pacific, according to Marsh.

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