Country: Australia Page 1 / 95
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- May 28 2025
NSW floods claims jump 20%, clean up and recovery expected to be long-term
Insurers have received more than 6,000 claims relating to the Mid North Coast and Hunter region floods as of Wednesday, according to the Insurance Council of Australia.
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- May 28 2025
Markel Australia launches FI solutions, begins with expanded finpro cover for investment managers
Team will be co-led by senior underwriters Lan Pham, based in Melbourne, and Daisy Galvin, who has transferred to Sydney from London.
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- May 28 2025
Aon promotes Mary-Catherine Hamill to head of construction in Australia
She has been with Aon for over nine and a half years, most recently as specialty solutions placement leader.
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- May 28 2025
With Australia, India and China inundated by record floods, voices swell to rewrite the nat cat lexicon
Floods in Australia have been widely described as a one-in-500-year event, but such categorisations are now being seen as harmful to the insurance industry.
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- May 27 2025
Insurance catastrophe declared as NSW floods claims near 5,000
Mid North Coast and Hunter flooding event has impacted communities since last week.
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- May 26 2025
‘If it’s flooded, forget it’: as deadly NSW floods recede, claims jump with 10,000 properties damaged
Insurers have received more than 4,100 claims as of Monday after rainfall and flooding hit the region last week.
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- May 26 2025
QBE Insurance gets rating upgrade on improved underwriting and pricing discipline: S&P Global
The insurer, which reported a COR of 93.1% in 2024, is reducing exposure to peak perils, de-risking exposure to non-core line reserves and plans to run-off non-core middle market business.
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- May 26 2025
Cornerstone Risk Group expands sport, entertainment team with director hire
Russell McCauley will lead the line for the Ardonagh Group-backed Australian insurance broker.
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- May 26 2025
Chubb’s ANZ head of global brokers to retire after 41-year career
John French, who also holds the additional role of colleague development ambassador for ANZ, has worked at Chubb in APAC for 28 years.
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- May 26 2025
Scale, complexity of NSW floods prompt further scrutiny of climate risk models
Loss adjusters expect a high volume of diverse claims from the 'one-in-500-year' event across the Mid North Coast and Hunter regions of New South Wales in Australia.
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- May 26 2025
AIG’s Grant Cairns to join Nigel Fitzgerald’s MGA as founding partner in Australia
Cairns will join Steadfast Group COO's new digital, AI-driven underwriting business, set to launch in Q4, in October.
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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 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.
