Country: Australasia Page 4 / 113
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- May 23 2025
Marsh settles US$143m Greensill lawsuit: report
Broker reaches confidential settlement with White Oak, which had accused the intermediary of 'fraudulent misrepresentation'.
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- May 22 2025
AIG Australia & New Zealand CEO Grant Cairns to depart, Kathleen Warden appointed GM
Warden and New Zealand GM Liam Pomfret will report directly to regional president Chirs Colahan.
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- May 22 2025
Australian competition watchdog clears IAG’s RACQ acquisition
ACCC said Suncorp, Allianz and QBE, and newer entrants such as Youi, Auto & General, and Hollard will continue to compete in Queensland.
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- May 21 2025
‘One-in-500-year’: ICA declares NSW flooding a significant event
Event may be escalated to an insurance catastrophe if there is a significant increase in claim numbers or complexity, the Insurance Council of Australia (ICA) says.
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- May 21 2025
Marsh appointed broker for Royal Australian Navy’s maritime insurance program
Program may include six new Hunter-class frigates, three Hobart-class destroyers, 11 new general-purpose frigates, six new large optionally crewed surface vessels, as well as naval infrastructure precinct in South Australia.
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- May 21 2025
Canopius adds professional lines underwriter in Australia
Mark Butterworth joins the Lloyd’s carrier in Melbourne from Dual Australia.
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- May 20 2025
Tower reports H1 FY25 COR of 69.7%, profit up to US$36.5m
Kiwi insurer’s first half GWP was NZ$176m, up 4% from a year ago, while it reported large-event costs of US$1.8m.
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- May 20 2025
New Zealand’s US$38bn natural hazards bill shines spotlight on ‘urgent need to reduce impact’: IAG
Since 2010, the government has spent 97% on response to catastrophes, and only 3% on risk reduction and resilience.
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- May 19 2025
Crypto specialist MGA Qubit formally launches in Australia
Underwriter will offer Lloyd's capacity to the digital asset space, according to CEO Helen Ye.
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- May 18 2025
Southeast Asia, Australia in Allianz’s M&A plans, CFO says
Claire-Marie Coste-Lepoutre was speaking during a Q1 earnings call.
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- May 16 2025
Has Australia found the roadmap to reduce uninsurability risks? Cat bills underscore need to build on public intervention
Australian Reinsurance Pool Corporation absorbed much of losses from ex-Tropical Cyclone Alfred and has helped drive down premiums for high-risk properties.
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- May 15 2025
CFC welcomes back Gary Newson as management liability development manager
Perth-based Newson returns to the specialist insurance provider having spent over two years with WTW.
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- May 15 2025
IAG’s 10-month nat cat bill at US$580m, tracking 22% below allowance
Its FY25 profit guidance in on course to increase by 12% to US$1.2bn.
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- May 15 2025
IAG to acquire RAC Insurance in US$870m deal
Deal includes a US$612m, 20-year exclusive distribution agreement with The Royal Automobile Club of Western Australia for RAC branded home, motor and niche insurance products.
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- May 14 2025
Howden-owned MGA Dual promotes Stewart Eaton to ANZ head of liability
Eaton joined the MGA in late 2023 and has been head of liability for New Zealand before assuming the new role.
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- May 13 2025
APRA authorises IAG-backed CGU Australia as new general insurer
IAG had announced it will restructure CGU and WFI Insurance brands by centralising specialist expertise.
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- May 12 2025
Chair of federal flood insurance inquiry named Australian financial services minister
ICA welcomed Anthony Albanese's second Labor government and assistant treasurer and financial services minister Daniel Mulino.
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- May 12 2025
Australia’s extreme weather costs near US$1bn in 2025: ICA
Ex-Tropical Cyclone Alfred was the costliest event at US$770m accounting for more than 90% of the claims.
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- May 12 2025
Axa XL Australia hires trio to expand property, construction, energy claims team
Tylie Petrovski, Rebecca Williams and Ilija Bogoevski have joined the insurer in Brisbane and Sydney.
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- May 12 2025
McLardy McShane acquires authorised representative Stewart Insurance
Melbourne-based broker has been a corporate authorised representative of McLardy McShane for about 10 years.
