Country: Australasia Page 90 / 102
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- August 28 2019
Allianz Australia to refund US$5.4m to customers
Australian Securities & Investments Commission has requested refunds for consumer credit insurance.
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- August 27 2019
Australian firms see plunge in underwriting result
Nat cats in Sydney and Queensland saw overall annual underwriting profit drop 44.7%.
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- August 26 2019
AIA agrees revised deal for Comminsure Life
The acquisition from Australia's Commonwealth Bank has taken almost two years to complete.
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- August 23 2019
HDI appoints property underwriter in Australia
Abishesh Chettiar has left Zurich to join the fast growing German international player.
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- August 21 2019
Steadfast’s Kelly persists in bullish expansion
The Australian group has raised another US$67.8m to fund acquisitions and CEO Robert Kelly wants to grow internationally.
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- August 21 2019
Options in Australia’s PI market are shrinking: Aon
Capacity is decreasing and prices are hardening after a series of scandals.
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- August 20 2019
MS&AD receives Challenger stake and board approval
The Japanese giant owns 16% of the Australian annuity firm and will gain a seat on the board.
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- August 19 2019
Wickshire is first Australian broker on Lloyd’s platform
It is the first Australia-based firm broker to be able to place business directly with London syndicates.
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- August 15 2019
QBE’s recovery continues as H1 profits climb 29%
The Sydney-headquartered firm has seen an improved attritional claims experience.
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- August 15 2019
Allianz Australia requires US$169m of capital: APRA
The Australian Prudential Regulation Authority is requiring the investment following a test in 2018.
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- August 13 2019
Zurich Australia signs TAL exec as life CEO
Justin Delaney to take on Zurich's largest regional business.
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- August 13 2019
Perils ups Townsville claims estimate by over US$90m
The increase is in property loss claims from the winter Queensland flooding disaster.
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- August 13 2019
AMP and Resolution Life rescue sale
A revised deal structure has revived the sale of AMP Life at an important time for AMP.
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- August 12 2019
400,000 Australians asked to review NAB lawsuit
Law firm Slater and Gordon believe thousands more customers could be involved in class action.
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- August 8 2019
IAG’s profits hit by nat cats but bolstered by Asia sales
Insurance Australia Group exceeded its annual nat cat allowance but booked a profit of US$135.6m from selling Thailand and Indonesia arms.
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- August 8 2019
Allianz drops consumer credit lines in Australia
Following intense regulatory scrutiny the German giant has decided to exit the market.
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- August 7 2019
New South Wales flood study could reduce premiums: ICA
The Insurance Council of Australia sees value in a detailed study of over 21,000 land parcels.
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- August 6 2019
Australian broker Coverforce goes to court over bid
Management, which owns 51%, upset after rival broker AUB announces US$100m plus acquisition.
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- August 5 2019
60% of Townsville flooding claims closed: ICA
The Insurance Council of Australia hails market progress since the unprecedented flooding disaster.
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- August 5 2019
New Zealand’s regulatory chief warns market
The head of New Zealand's Financial Market Authority expected more urgency to change cultures.
