Country: Australia Page 18 / 78
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- September 6 2023
Marsh appoints Josh Roach as Pacific CEO
Roach will oversee Australia, New Zealand, Fiji and Papua New Guinea from January 2024 as Nick Harris takes on the UK retail CEO role.
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- September 6 2023
Ausure concludes two acquisitions in Australia
David Summers, Travis Hargreaves and Nathan Wicks manage Ausure group, which has over 330 authorised representatives.
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- September 5 2023
QBE elevates Peter Burton to group CUO
London-based Burton, who succeeds Sam Harrison, assumes responsibility for all global underwriting, pricing and reinsurance activities for the Australian carrier.
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- September 5 2023
BHSI Australia appoints Hayden Veanes as underwriting manager for professional lines
Melbourne-based Veanes was most recently senior underwriter with the company, specialising in directors & office and financial institutions.
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- September 1 2023
IAG may face class action suit over ‘loyalty tax’ on home insurance renewals
Collective action specialist firm Slater and Gordon has started an investigation into the alleged pricing misconduct by the insurer's subsidiaries.
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- September 1 2023
Derek Martin to lead Munich Re’s claims’ teams across Asia, Australia, Middle East and Africa
Sydney-based Martin, most recenlty the reinsurer's head of claims for New Zealand and Australia, takes up the position on September 1.
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- September 1 2023
Gallagher hires Australia head of climate and sustainability from Marsh
Sophie Griffin will be responsible for leading Gallagher's efforts to help clients mitigate and adapt to climate change risks and achieve their sustainability goals.
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- August 29 2023
Strata Community Insurance MGA hires Western Australia underwriter
Daniel Wales-Harding has relocated from London and will be based in Perth, reporting to Ian Mundy, state manager, Western Australia.
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- August 25 2023
ASIC doubles down on pricing scrutiny with a new civil penal proceeding against IAG
The regulator alleges in a court filing that the insurer, which was fined US$26.5m in June for pricing misconduct, pumped up prices before applying loyalty discounts for customers renewing their home insurance policies.
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- August 24 2023
PSC Insurance founder Paul Dwyer to become chairman as Brian Austin takes on Asia role
Austin will remain on the board as deputy chairman and become chair of the broker’s Asian businesses as profits start to flow in Hong Kong.
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- August 23 2023
PSC Insurance’s 2023 net profits up 23% to US$50m
The ASX-listed broker's Australia and New Zealand distribution business placed US$740m in GWP.
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- August 23 2023
BHSI appoints senior underwriter – mining & energy in Sydney
Jonathan Hawkins was most recently property manager - mid-market for New South Wales at BHSI.
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- August 22 2023
AUB announces global restructure as Tysers CEO exits
AUB Group CEO Mike Emmett to become Tysers interim chief executive as the broker seeks to appoint heads of global retail, wholesale broking and underwriting agencies to align Australia, NZ and the UK operations.
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- August 22 2023
AUB Group’s net profit zooms 74% in FY 2023
The Sydney-headquartered broker’s group revenues crossed the billion-Australian-dollar mark as Tysers’ earnings exceed forecasts.
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- August 22 2023
IAG reveals up to US$4.5bn potential Greensill exposure
Since February, proceedings involving 20 separate claims have commenced related to the collapse of the trade credit financier, with the Australian carrier insisting it has 'no net insurance exposure'.
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- August 21 2023
IAG’s FY underwriting profit falls A$292m after nat cat miss
IAG's H2 COR in New Zealand was 111.8% as the insurer was hit by Cyclone Gabrielle and the Auckland floods, as group cat claims at A$1.2bn came in well above its FY 2023 allowance.
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- August 21 2023
Marsh swoops on Australia’s Honan Insurance
The TA Associates-backed specialist broker has reportedly been valued at US$450m.
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- August 21 2023
Australia’s broker commission disclosure debate heats up
While some brokers are already using fees, industry body NIBA says its changes to the code of conduct is the first step towards 'self-regulation'.
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- August 21 2023
Australian carriers paid out US$23bn in claims last year: ICA
In 2022, more than 300,000 disaster-related claims were lodged from four declared insurance events across the country, costing more than US$4.4bn in insured losses.
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- August 18 2023
Axa XL’s Ewen McKay to head international financial lines for Australia
Sydney-based McCay was most recently product leader - management liability for the French carrier.
