Country: Australia Page 1 / 62
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- September 27 2023
Pen Underwriting makes senior level hires in Australia
Dean West has been appointed national construction and engineering manager and Hun Kim joins as chief actuary.
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- September 26 2023
Suncorp expects December tribunal hearing on blocked ANZ bank sale with decision in February
Pending all approvals including from the Australian Competition Tribunal, the group sees a potential sale completion in the middle of 2024, chairman Christine McLoughlin says.
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- September 25 2023
Ominous start to spring weather in Australia, New Zealand puts (re)insurers on high alert
Bushfires, an El Niño declaration, record rain, landslides, heavy snow and an earthquake in the last few days point to busy six months ahead for claims' handlers.
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- September 25 2023
Crawford promotes Charlotte Lau to regional head of operations
Singapore-based Erwin Yu will take over from Lau as director of market development Asia.
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- September 21 2023
Canopius continues Australia expansion with two senior hires
Lucy Lumb joins the firm as underwriter, property coverholder and delegated authority, while Trisha Urquhart joins as underwriter - accident and health.
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- September 20 2023
Steadfast’s Insurance Brands adds Peacock Insurance to its fold
The New South Wales-based brokerage specialises in heavy transport, earthmoving insurance and marine and logistics coverage.
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- September 20 2023
Australia’s BoM declares El Niño and positive Indian Ocean Dipole as bushfires spark across three states
The combination, last seen in 2015, means warmer and drier conditions for at least the next three months increasing the risk of bushfires.
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- September 20 2023
Arch Australia hires Joe Bone as PI product and distribution manager
Based in Sydney, the former BHSI exec will report to Anthony Hinde, underwriting manager, professional indemnity.
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- September 20 2023
ICA welcomes New South Wales budget for disaster resilience, calls for tax reform
The state has the highest rate of insurance taxes in the country with insurance customers hit with both stamp duty and the emergency services levy.
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- September 18 2023
Charles Taylor takes Sedgwick’s Alan Page as executive adjuster, construction & engineering
Brisbane-based Page was previously head of engineering and resources for Sedgwick.
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- September 18 2023
ICA board members and Australian minister to meet (re)insurance players in Munich and London
Assistant treasurer Stephen Jones and ICA, Suncorp, IAG and QBE Asia Pacific CEOs set to meet Lloyd’s, Guy Carpenter, Aon, Munich Re, Swiss Re, Flood Re and the ABI this week.
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- September 18 2023
Fast-changing renewable tech throws up underwriting challenges
In Asia Pacific, offshore wind and projects involving highly flammable gases like hydrogen are the hardest to secure coverage for as carriers choose to err on the side of caution given a lack of data.
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- September 14 2023
Markel to expand in Australia with three new offices
The specialty insurer will be headquartered in Melbourne and headed by Axa XL's Rory Morison, who will start on September 27.
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- September 14 2023
Steadfast acquires Riskcom and its subsidiary to expand risk management capabilities
Riskcom and BRM will retain their brands and continue to operate as standalone businesses.
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- September 13 2023
Aon names financial services industry veteran as Asia Pacific COO
Singapore-based Jeff Plein, who joins from Citibank, will report to global chief operating officer Mindy Simon and Asia Pacific CEO Anne Corona.
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- September 13 2023
Australia’s carriers brace for bushfire losses fueled by El Niño
For the first time since 2019, Australia’s eastern states face heightened risks due to high temperatures, ample vegetation and a rapidly desiccating landscape, say risk modellers.
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- September 13 2023
ICA reveals huge cost increase of losses if historic Australian disasters happened again
The April 1999 Sydney hailstorm which caused US$1.1bn in insured losses would see an estimated US$5.7bn claims' bill if it happened in 2023.
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- September 11 2023
Hannover Re expects APAC rates to harden further in 2024 after 1.4, 1.6 and 1.7 uplift
The reinsurer expects insurers to raise retentions for nat cats to counter increased costs, as it secured better prices and conditions, especially for non-proportional treaties.
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- September 11 2023
Dual promotes Leo Abbruzzo to executive chairman for ANZ as it rejigs regional leadership
Deputy CEO Michael Ussher takes on additional responsibilites at the Howden-owned MGA, which has also named a new Australia, New Zealand CUO and a head of national partnerships.
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- September 8 2023
AIG hires BHSI’s senior exec Kathleen Warden as head of client and broker engagement, APAC & Australia
She will continue to be based in Sydney and is scheduled to begin the new assignment with effect from September 12.
