Country: Australasia Page 1 / 117
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- September 12 2025
Perils cuts Cyclone Alfred loss estimate to US$1.25bn
Ex-Tropical Cyclone Afred struck Australia's Southeast Queensland and northeastern New South Wales in February and March, leaving over 300,000 homes and businesses without power.
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- September 12 2025
Kiwi insurer Tower upgrades FY24 NPAT guidance, downgrades GWP growth outlook
Kiwi insurer expects underlying net profit after tax (NPAT) of US$59.7-65.45 million.
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- September 11 2025
Victor Insurance Australia names William Tien as underwriter
Tien previously spent over five years as an underwriter for Strata Community Insurance.
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- September 10 2025
Wind tops weather risks for Australians after stormy winter: IAG
Few protect their property despite Australia having 'some of the strongest and most variable winds in the world', according to a poll from IAG's NRMA Insurance.
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- September 8 2025
BHSI promotes Michael Hannigan to national manager for corporate property
Melbourne-based Hannigan has been underwriting manager for property since November 2023.
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- September 5 2025
Australian carriers’ US$1.6bn reinsurance spend saves US$46bn in capital: Actuaries Institute
A paper published by the institute noted Australian insurers have fewer choices when it comes to the range of reinsurance products they can use to gain regulatory credit.
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- September 5 2025
Lloyd’s looks to drive regional penetration, but conditions have to be right: Patrick Tiernan
CEO says the markets should recognise the need for flexibility, which requires collaboration with governments and regulators to establish systems that boost insurance penetration.
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- September 4 2025
Lockton duo join Gallagher Re’s Australia team
Former Lockton partners Max Garratt and Russell Hails have joined Gallagher Re as executive directors in Sydney.
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- September 4 2025
IAG’s acquisition of RAC Insurance sparks antitrust concerns
Antitrust regulator warns of reduced competition in the supply of motor and home insurance in Western Australia.
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- September 4 2025
BHSI promotes Anna Spink to head of marine for Australasia
Sydney-based Spink joined BHSI in 2018 and was most recently national manager for corporate property.
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- September 3 2025
New South Wales strata managers to phase out insurance commissions
Move follows allegations in Australia last year that brokers and strata management firms were colluding to mislead clients by recommending more expensive policies and hiding cheaper offers from rival firms.
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- September 3 2025
Australian MGA Lion Underwriting taps Chris Edwards to lead professional lines buildout
Veteran joins from Steadfast Group-backed MGA Quanta Insurance.
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- September 2 2025
Gallagher Re to acquire Steadfast Re in APAC expansion push
Acquisition of the Steadfast subsidiary expected to close in Q4 2025.
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- September 2 2025
Gallagher Australia taps Marsh veteran Alex Lumby as chief executive
Lumby, who was head of Mercer Marsh Benefits and chief client officer of Marsh Pacific, will succeed Sarah Lyons, who relocated to UK earlier this year, a Gallagher spokesperson told IAN.
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- September 1 2025
Australian loss adjuster Arc Assessing sells majority stake to Adenes Group
Machinery, heavy vehicles and plant specialist joins Adenes' Vering network.
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- September 1 2025
Agile appoints Gordon McNab to lead construction build out
Appointment marks Australian MGA's expansion into contract works insurance with Lloyd's capacity.
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- September 1 2025
IAG closes US$560m RACQ tie-up as insurer completes ‘significant step’
Acquisition and strategic alliance expected to add around US$850m of GWP to IAG's books.
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- August 29 2025
Steadfast grows revenue by 8.9% to US$1.2bn in FY25
Broker network also announces long-serving chair Frank O’Halloran will step down following its annual general meeting in October.
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- August 28 2025
Envest extends ‘deepest gratitude’ to 4 departing senior leaders
Ardonagh-owned broker confirmed 'long-serving and highly respected leaders' Tony Walker, Barry Fitzpatrick, Rob Ellis and Adrian Kitchin are retiring and leaving the company.
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- August 28 2025
QBE CFO Inder Singh resigns, to depart for banking role in 2026
Singh will remain with QBE while the company undertakes a search for a new chief financial officer.
