Country: Australasia Page 1 / 109
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- May 9 2025
Cut taxes to bring relief to policyholders, says QBE chairman
Australia’s state government insurance taxes raised US$2.2bn more than the entire industry’s profits in 2024.
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- May 8 2025
IAG to centralise specialist functions of intermediated businesses CGU and WFI
As part of the revamp, the Australian insurer has appointed Fiona Geddes as executive general manager operations.
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- May 8 2025
Loss of key contract could impact Australian LMI specialist Helia: S&P
Global rating agency revised its outlook to negative from stable after Helia Insurance said it would likely lose a key contract with the Commonwealth Bank of Australia.
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- May 8 2025
Ex-Tropical Cyclone Tam 15th event to top AU$10m for Suncorp
The 15 events and other attritional natural hazard costs have meant natural hazard costs for the 10 months to April 30 are expected to be AU$1.1bn,
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- May 8 2025
‘Industry legend’ Paul Schappacher returns to AIG Australia as senior commercial property underwriter
Melbourne-based Schappacher previously worked at Chubb, Suncorp, Great Lakes and Zurich.
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- May 6 2025
Stress test shows Kiwi insurers can meet claims in NZ$100bn earthquake scenario
New Zealand's central bank assessed the responses to a major earthquake and severe cyber-risk incidents by simulating an event well beyond insurers’ solvency requirements, modelled to cost around US$60bn.
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- May 5 2025
Insurers call for advancing Australia’s resilience as Labor Party secures second term
Constructive collaboration between government, industry, and communities is essential in the face of more frequent and severe extreme weather, the Insurance Council of Australia says.
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- May 2 2025
‘Reopened’ Canterbury earthquake claims top 500, posing challenge for industry 15 years on
Kiwi carrier Tower highlighted an unexpected rise in new over-cap claims from the Natural Hazards Commission.
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- May 2 2025
Mobile plant specialist UAA renews 10-year capacity agreement with QBE
Binder agreement also provides capacity to the New Zealand arm of the Steadfast-owned underwriting agency.
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- April 30 2025
New Zealand insurers’ GWP grows 8.6% to US$6.4bn, COR improves to 78.6%: ICNZ
Following the impact of the Auckland Anniversary Weekend floods and Cyclone Gabrielle in 2023, premiums stabilised in 2024 as global reinsurance rates and inflation eased, the Insurance Council of New Zealand said.
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- April 30 2025
Allianz Commercial Australia appoints Mark Sutton head of client engagement
Sydney-based Sutton joined Allianz Australia in 2013, and he was most recently the head of partnerships and distribution for personal injury.
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- April 30 2025
Munich Re Australasia promotes Diana Baer to CFO
She replaces David Field, who has become a member of the management board and CFO of Great Lakes Insurance.
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- April 29 2025
Australia’s 1688 Underwriting gains Lloyd’s coveholder approval
Sydney-based MGA can act as an agent for Lloyd’s syndicates in Australia.
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- April 29 2025
Pamela Beilby returns to Allianz Australia as national relationship manager
Sydney-based Beilby will be responsible for developing and executing national strategic partnership plans across key broker segments within Allianz.
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- April 29 2025
‘Time to act is now’: known unknowns pose real risk to renewable energy future
Growing number of green energy projects in Australia are facing ever more extreme weather risks, with insurers unable to access data and modelling to adequately understand their exposures.
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- April 28 2025
Howden Australia names new head of surety
Tony Cengic will relocate from London to Melbourne, having spent the last 10 years with Subsea 7.
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- April 25 2025
With boots on the ground in Australia, CFC eyes strong growth, upselling opportunities
Following the acquisition and rebranding of Solution Underwriting, the MGA's Australia managing director Anita Lane looks to the future and reflects on the softening commercial insurance market.
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- April 23 2025
IAG aware of ‘billions of dollars’ of policies issued to Greensill: report
Troubled bank's administrator alleges the Australian insurer 'represented' that Bond & Credit Company had the authority to underwrite policies on its behalf, according to a report by the Australian Financial Review.
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- April 23 2025
Cyclone Alfred insured losses touch US$1.64bn, Perils says, higher than ARPC
In March, Australian Reinsurance Pool Corporation (ARPC) estimated total losses covered by the Cyclone Reinsurance Pool were approximately AU$1.7 billion.
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- April 22 2025
Willis elevates Trent Williams to head of broking, global construction
Melbourne-based Williams has been head of carrier management for Asia Pacific and head of broking for Pacific at the broker since April last year.
