Country: Australasia Page 93 / 104
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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.
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- August 2 2019
Willis Towers Watson snaps up Australian M&A broker
The global broker has bought Risk Capital Advisors which has offices in Australia, South Africa, the UK and Hong Kong.
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- July 31 2019
ICA disappointed by Northern Australia Insurance Inquiry
Competition inquiry into northern Australia ignores fundamental issues claims the Insurance Council of Australia.
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- July 29 2019
Creating a US$1bn Australian and UK broking force
PSC Insurance Group is on the acquisition trail with premiums soon to exceed US$1bn.
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- July 29 2019
Suncorp to phase out coal underwriting
The Ossie major has set a deadline of 2025.
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- July 26 2019
Australia’s PSC buys Lloyd’s broker for US$52m
The Melbourne broker has expanded its premium income beyond US$1bn with the Paragon purchase.
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- July 25 2019
UK insurtech funding firm to open in Sydney
Insurtech Gateway is hoping to invest and help grow insurtech firms in Australia.
