Country: Australasia Page 3 / 104
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- February 2 2025
ICA declares significant event for northern Queensland floods
Flooding and storms have mostly affected Australian communities in Townsville, Innisfail, Ingham, Gordonvale and Cardwell.
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- February 1 2025
IAG to release US$125m from provisions after favourable court decree
Carrier will include the released amount in the 'net corporate expense’ line in the financial results for the six months to December 31, 2024.
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- January 31 2025
Steadfast-owned brands Network Insurance Group and Insurance House merge
Andrew Broughton, current chief executive officer of Network Insurance Group, will assume the leadership of the combined entity.
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- January 28 2025
Australian MGA Agile hires industry veteran Richard Hardy to head property
Agile Underwriting launched a property line backed by its Lloyd's syndicate, AUS 2427, in November.
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- January 28 2025
Dual promotes Marc Karapanovic to cyber lead for New Zealand
Auckland-based Karapanovic will lead the development of SME cyber on the MGA's trading platform.
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- January 23 2025
Tower names Paul Johnston as interim CEO
Johnston, who was most recently CFO for the New Zealand carrier, will succeed incumbent CEO Blair Turnbull effective from February 13.
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- January 23 2025
Australia opens applications for US$125m disaster mitigation grant
Third round of Disaster Ready Fund focuses on large-scale infrastructure that will deliver disaster risk mitigation, resilience and safety benefits and put downward pressure on insurance costs.
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- January 22 2025
APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.
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- January 22 2025
Australia twin event losses to remain below major cat level, adjuster says
Carriers received 5,400+ claims from severe weather events on the east coast, while Cyclone Sean caused record rains and port disruptions in Western Australia.
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- January 21 2025
Crawford Australia expands large, complex claims offering with new hire
Simon Davies joins from rival McLarens, and will assume the role of executive adjuster.
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- January 20 2025
ARPC declares cyclone event as Cyclone Sean strengthens to category 4
Windstorm, which shut down ports in the country's iron ore exporting hub over the weekend, is expected to move away and drop below cyclone intensity by Thursday.
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- January 19 2025
Update: Eastern Australia battered by deadly storms, tennis ball-sized hail
A tropical cyclone has formed off Australia’s western coast, as eastern states deal with the fallout from damaging storms and continuing rain.
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- January 17 2025
Liquidation on the cards as MG Non-Life sale hits union roadblock
Korea Deposit Insurance Corporation says preferred bidder Meritz Fire & Marine has been unable to conduct due diligence due to labour union opposition.
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- January 16 2025
Australian corporate regulator appoints Scott Gregson as CEO
Gregson will take over from retiring interim Australian Securities and Investments Commission (ASIC) CEO Greg Yanco in March.
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- January 14 2025
Markel Australia hires Chubb veteran Scott Jordan for casualty claims role
With two decades of experience, Jordan has also worked for Marsh McLennan and RBS Insurance.
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- January 13 2025
Coface Australia promotes 2 commercial team executives
Trade credit insurer elevates Sandra Ciuriloviciute to senior account manager and Renee Dobson to head of account management.
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- January 9 2025
MGA ARTes Specialty launches in Australia with commercial loggers offering
Asta authorised representative will offer a combined material damage and associated liability products, supported by Lloyd's capacity, through local broker Mobius Insurance.
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- January 9 2025
Opinion: Booming MGAs can no longer be ignored, but regulatory spectre looms
MGAs must demonstrate robust risk selection and underwriting capability as regulators train their guns on the sector.
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- January 8 2025
Crawford Australia taps new executive adjuster for liability
Paul Hardy joins the firm having most recently spent just under three and a half years as an executive adjuster for Charles Taylor in Victoria, Australia.
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- January 7 2025
IAG renews 2025 cat program with US$6.25bn protection
Program from Australian insurer has attachment point of AU$500m, while its quota share and a multi-year program will provide AU$1bn in additional protection annually.
