Country: Australia Page 1 / 10
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- July 18 2019
APRA to create insurance division after scathing review
The decision by the Australian Prudential Regulation Authority follows a capability review
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- July 17 2019
IAG invests in vehicle subscription service Carbar
The insurer is looking to diversify to understand other markets.
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- July 16 2019
AMP’s life sale to Resolution is “highly unlikely”
Regulatory concerns in New Zealand have been cited by the potential buyer.
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- July 10 2019
Axa XL finalises regional leadership team
The global firm has named a familiar looking senior line-up for Asia-Pacific.
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- July 10 2019
PSC agrees Victoria broker deal
Melbourne-headquartered PSC Insurance Brokers is expanding with a US$30m purchase.
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- July 9 2019
Canopius Australia & Pacific hires four
The Lloyd's insurer, led by Claudio Saita in Australia & Pacific, is on a recruitment drive.
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- July 8 2019
Arag and HDI unite in legal expenses Australia push
The move means Arag has operations in 18 countries across five continents.
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- July 5 2019
Couple convicted of defrauding Dual in Australia
The judge found the couple defrauded MGA Dual out of around US$12m.
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- July 3 2019
AGCS appoints Pacific CEO
Allianz Global Corporate & Specialty has promoted James Stack as it exits long tail business in Australia and New Zealand portfolios.
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- July 3 2019
Tokio Marine snaps up IAG underwriting agency
Tokio Marine Management (Australasia) now employs 140 staff in the region.
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- June 27 2019
IBNA’s brokers to move to Steadfast
The unification of the two rival broker networks will be a surprise to many.
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- June 26 2019
Australia’s construction market threatened by PI retreat
Surveyors may not be able to meet legal requirements after insurers withdraw cover.
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- June 24 2019
Adani’s coal mine obtains cover despite backlash
The controversial Carmichael project in Queensland has insurance despite majors vowing to stay away.
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- June 21 2019
Sydney hailstorm property losses reach US$530m: Perils
The December storm is one of the largest hailstorm losses ever recorded.
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- June 20 2019
Australian motor add-on refunds top US$89m
The Australian Securities and Investments Commission has issued more refund requests over poor practice.
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- June 19 2019
ICA concerned over New South Wales’ budget impact
The Insurance Council of Australia feels insurance taxes and levies will hit householders.
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- June 17 2019
Two associations establish Australia life taskforce
Two adviser associations look to forge a united front over life commissions.
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- June 13 2019
Trial starts for couple accused of defrauding Dual Australia
The couple are alleged to have defrauded the Hyperion-owned MGA out of over US$11.8m.
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- June 10 2019
AGCS reviews portfolios in Australia and New Zealand
Allianz Global Corporate & Specialty is reviewing long-tail business in Australia, and all lines in New Zealand.
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- June 5 2019
Gallagher buys in Australia, completes JLT aerospace deal
Acquisitive global broker has completed several deals this week.
