Country: Australasia Page 83 / 102
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- April 8 2020
IAG’s Peter Harmer to leave at end of 2020
A nine-month transition period and search for a chief executive has commenced.
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- April 7 2020
ICA forms NSW disaster agency led by fire commissioner
ICA's head of operations Karl Sullivan says it will focus on risk mitigation and recovery.
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- April 6 2020
Allianz, QBE and Suncorp unite for SME relief
Majors roll out support measures during Covid-19 following IAG's announcement last month.
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- April 3 2020
ICNZ welcomes Covid-19 regulatory extensions
Key financial reforms will be delayed until 2021.
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- April 1 2020
Australia’s market grapples with extreme weather claims, Covid-19
A February storm has cost the market over US$480m.
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- March 31 2020
Harmer updates on Covid-19 as IAG completes India sale
IAG is keeping FY 2020 guidance despite rival QBE withdrawing targets.
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- March 30 2020
AUB halts MGA Whittles deal amid Covid-19 uncertainty
The broking group has also withdrawn earnings guidance and deferred a dividend payment.
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- March 27 2020
Australian SMEs hard hit by virus, forced to cancel policies
SME aggregator BizCover has seen cancellations increase by 51% over the last month.
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- March 26 2020
Hannover Re’s Eberhardt on Australia’s long, hot summer
Unprecedented claims from recent bushfires is showing the value of reinsurance.
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- March 26 2020
Australia’s insurers mobilise Covid-19 responses
IAG, QBE, Suncorp and Zurich and others have implemented remote working measures.
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- March 25 2020
Australia’s regulators and associations eye Covid-19 relief
The government, APRA and ASIC have announced new measures to help businesses cope.
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- March 24 2020
Lloyd’s Australia closes Sydney office amid Covid-19 outbreak
The move follows similar action in London as a result of the pandemic.
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- March 20 2020
Australia’s summer loss bill surpasses US$2bn
Recent flooding has compounded bushfires and hailstorms with Covid-19 to add more claims.
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- March 19 2020
New Zealand’s SkyCity secures US$50m fire payout
Money expected to arrive over April with Chubb understood to be the lead insurer.
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- March 17 2020
QBE confirms 200 job cuts in Australia Pacific arm
The Australian insurer is undergoing an operational streamlining under Pat Regan.
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- March 13 2020
Covid-19 declared catastrophe in Australia
The Insurance Council of Australia has launched a special taskforce to deal with virus-related claims.
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- March 11 2020
Strong weather pattern contributed to Australia’s bushfires
Indian Ocean Dipole partly to blame for extent of the disaster which has caused huge losses.
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- March 9 2020
Australia’s summer losses climb to US$3.3bn, says APRA
The number of extreme weather events for the market is likely to increase in future.
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- March 4 2020
Australia’s January hailstorm losses jump 26% to US$528m
There have been 87,500 claims filed of which 60,000 related to motor vehicle damage.
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- March 3 2020
Timaru hailstorm was NZ’s third costliest nat cat in 100 years
The November storm will cost insurers over US$50m in a nat cat heavy Q4.
