Country: Australia Page 1 / 18
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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The broking group has also withdrawn earnings guidance and deferred a dividend payment.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 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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- February 27 2020
Steadfast’s Kelly sees rising premiums for next two years
The Australian broking group had a strong first half to the fiscal year and was bolstered by acquisitions.
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- February 27 2020
Youi to back Blue Zebra after Zurich’s withdrawal
The move will see Youi develop its offering in the Australian SME space.
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- February 26 2020
Australia braces for claims from 2020’s fourth cyclone
The storm comes as several insurers are close to breaching their nat cat limits for the financial year.
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- February 25 2020
Australia launches royal commission into bushfires
The move by the government follows an unprecedented summer.
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- February 21 2020
Arch Re takes aim at Asia with marketing deal
Bermuda player to harness data science to expand into life and A&H markets.
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- February 21 2020
Australia’s PSC posts 37% revenue jump in H1 2019/20
The group's 2019 acquisitions helped to bump up its revenue.
