Country: Australia Page 14 / 102
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- February 24 2025
Australia’s higher premiums may stifle new policy growth, lead to underinsurance: S&P Global
Insurance is already very costly in Australia's high-risk areas, and premiums are unlikely to fall anytime soon, S&P Global Ratings said in a report.
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- February 21 2025
Australia’s US$8.9bn terrorism reinsurance pool finalises 2025 retrocession program
Australian Reinsurance Pool Corporation (ARPC) chief executive Christopher Wallace says it was important to maintain the pool's strong position in the global terrorism reinsurance market.
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- February 20 2025
Opinion: Peter Dutton’s poorly thought-through proposals for Australian insurers are a shambles
Australia’s opposition leader suggested that his party would extend their policy of forcing supermarket chains to divest some of their assets into the insurance sector.
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- February 20 2025
Advocacy group labels ICA’s response to general insurance code review as ‘superficial’
Analysis from the Australian Consumers Insurance Lobby critiques the Insurance Council of Australia's initial response review.
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- February 20 2025
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
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- February 20 2025
Austbrokers Corporate promotes Phillip Agah to head of broking
Agah had joined the AUB Group subsidiary in 2023 as national practice group manager for financial lines.
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- February 19 2025
Austbrokers Corporate promotes John Kay to CEO
Kay joined the AUB Group-owned corporate broking specialist in March 2024 as head of general broking and has been serving as acting CEO since October.
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- February 19 2025
Cyclone Zelia losses to be minimal for Australia’s self-insured iron ore miners as key port spared
Mining companies have protective measures, including co-insurance or high deductibles, Crawford's Jonathan Hubbard tells IAN.
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- February 18 2025
Australia’s insurance stocks fail to recover as opposition leader puts ‘sector on notice’
Opposition leader Peter Dutton followed up on his threat to break up insurers, which had led stocks to tumble on Monday.
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- February 17 2025
Envest to merge Aviso Broking into PSC Insurance Brokers
The newly expanded business, to be led by Benjamin Goodall, will service more than 50,000 clients and place US$584m GWP under the PSC Insurance Brokers brand.
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- February 17 2025
Australian opposition leader threatens to break up insurers found to be overcharging
Peter Dutton tells Sky News the insurance sector needs more competition to make sure customers are 'not being ripped'.
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- February 17 2025
QBE beefs up leadership by snapping up Beazley Digital CEO Ian Fantozzi
Fantozzi joins the Australian insurance group's leadership team as group executive for technology and operations.
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- February 13 2025
Liberty International Insurance reshuffles APAC team with 3 director promotions
Carrier promotes Michael Abdallah to APAC CUO, elevates John McCabe to president of Australia and hands Vanessa Maher the role of Asia Pacific COO.
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- February 13 2025
IAG’s H1 FY25 underwriting profit up 125% to US$458m, COR improves to 85.2%
Australian insurer’s GWP grew 6% to US$5.3bn driven by strong renewal rates for direct channels in Australia and New Zealand reflecting moderating premium increases and claims inflation.
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- February 13 2025
Cyclone Zelia set to hit Australian iron ore hub, 500mm rainfall expected
The category 4 storm, which is tracking towards Western Australia's Pilbara coast, has been declared a cyclone event by the ARPC.
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- February 12 2025
Suncorp’s H1 FY25 insurance service result up 134% at US$582m
Australian insurer's general underwriting performance helped by favourable natural hazard experience and reserve releases.
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- February 12 2025
Marsh appoints ex-Wallaby Dean Mumm as Pacific sales leader
Former captain of the Australia rugby team has been with the broker since 2017 and was most recently head of corporate sport.
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- February 11 2025
Howden Insurance Brokers Australia appoints head of energy transition, Pacific
Gemma Claase joins after from Marsh, having also worked for JLT Group and Aon in Germany, London and Australia.
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- February 11 2025
Queensland flood claims top 5,600, but more rain expected as clean-up begins
Suncorp said it has received more than 1,400 claims across its brands as of Tuesday morning.
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- February 11 2025
Gallagher-owned specialist MGA Pen Underwriting promotes new head of distribution
Melbourne-based Nick Best initially joined in March 2022 as property team manager, having previously spent 10 years at QBE.
